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Regional News: Europe & Russia
 
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EnerMech Taps Specialist Equipment to Boost Hydraulics Business
Friday, November 20, 2009 - EnerMech has invested in specialist equipment to boost the company's hydraulics business line. The CNC machining facility allows the Aberdeen-based company to manufacture equipment parts which previously had to be sourced through suppliers.

GE Oil & Gas Opens New Global Services Facility in Scotland
Friday, November 20, 2009 - GE Oil & Gas has enhanced its European drilling and production equipment repair, maintenance and refurbishment capabilities with the official opening of a new Global Services facility in Montrose, Scotland.

Marathon on the Prowl in Poland's 'Unconventional' Gas Fields
Friday, November 20, 2009 - Houston-based Marathon is joining other big oil companies in tapping the eastern European oilpatch.

Lukoil's Board Approves Future Asset Spin-Off of E&P Business
Friday, November 20, 2009 - Lukoil's Board of Directors has approved a strategic development plan for 2010-2019, which includes growing hydrocarbon production and the creation of a spin-off of assets from the E&P business segment into a specialized company.

Nautronix Latest Industry Player to Join NSRI
Friday, November 20, 2009 - Marine Technology Solutions providers Nautronix have joined key industry players by becoming the latest members of the National Subsea Research Institute (NSRI).

  



Bibby Offshore's Vessels Achieve Significant Safety Milestones
Friday, November 20, 2009 - Two of Bibby Offshore's dive support vessels achieved significant milestones this month. The DSV Bibby Aquamarine and DSV Bibby Sapphire completed one million man hours and one & half million man hours respectively without a lost time injury.

Flexlife Launches Prototype for New Scanning Technology Spin-Off
Thursday, November 19, 2009 - Leading flexible pipe specialist flexlife has launched a prototype for a new spin-off from its award-winning patented scanning technology.

Kulczyk Oil to Add Ukrainian Assets to Portfolio
Thursday, November 19, 2009 - Kulczyk Oil will acquire a 70% indirect equity interest in KUB-Gas, one of the largest independent natural gas producers in Ukraine, through Loon Ukraine. Upon signing the Acquisition Agreements, KOVL will pay to Gastek a deposit of $1.35 million.

Dockwise Secures $24MM in Near-Term Contract Awards
Thursday, November 19, 2009 - Dockwise announced eight new near-term contract wins awarded to its subsidiary, Dockwise Shipping, for the transportation of modules, vessels and jack up drilling rigs.

Dana Cites Successful 3Q Drilling Program in North Sea
Thursday, November 19, 2009 - During the interim reporting period, Dana has drilled four exploration prospects and also drilled appraisal sidetrack wells on two of these discoveries (Tornado and Jetta).

Maxim Barsky to Take Reins as Next TNK-BP CEO
Thursday, November 19, 2009 - BP and AAR have announced the appointment of Maxim Barsky as TNK-BP's next CEO, effective January 1, 2010.

Nautilus Rigging Inks First International Distribution Deal
Thursday, November 19, 2009 - Nautilus Rigging has signed an international distribution agreement just two months after launching its groundbreaking lifting hooks range at Offshore Europe 2009.

Russia's Putin in Ukraine, Gas Deal Signed
Thursday, November 19, 2009 - Russian President Vladimir Putin arrived in Ukraine for an official visit on Thursday, as energy officials from the two former Soviet republics signed a natural gas deal.

OCHL Appoints Group Operations Director
Thursday, November 19, 2009 - Stuart Heggie will play a major role in synchronizing overseas operations at OCHL. Initially, his role will focus on the group's expansion plans in the North Sea and South East Asian markets.

Technip, Schlumberger Team Up for Deepwater Pipeline Solutions
Thursday, November 19, 2009 - Technip and Schlumberger announced today the signing of a global cooperation agreement to jointly develop subsea integrity and surveillance solutions for flexible pipes used in deep offshore oil and gas production.

Tendeka Adds FloQuest to Growing Portfolio
Thursday, November 19, 2009 - Tendeka has announced its second acquisition in as many months with the addition of FloQuest to its growing portfolio. Five companies now operate in the Tendeka family, which was launched in April 2009.

Palantir Puts Value on Exploration Assets
Wednesday, November 18, 2009 - Palantir Solutions has created unique processes which provide a previously unattainable level of rapid insight into the value of E&P assets.

Eni Starts Up Annamaria A Platform in Adriatic Sea
Wednesday, November 18, 2009 - The Annamaria field will produce about 1.6 million standard cubic meters per day in full capacity, thus significantly contributing to gas supplies for both Croatia and Italy.

National Career Organization Recognizes UK's Underwater Centre
Wednesday, November 18, 2009 - The world's leading provider of subsea training, The Underwater Centre has become a preferred supplier for a national body which provides specialist careers and resettlement advice to ex-Forces personnel.

Heritage to Embark on Major Drilling Programs in Iraq, Uganda
Tuesday, November 17, 2009 - "Heritage is about to embark on its busiest period ever with high-impact multi-well drilling programs in Kurdistan and Uganda, providing the potential for a significant increase in oil volumes," said CEO Tony Buckingham.

Russia, Slovakia Mull Establishing Joint Gas Venture
Tuesday, November 17, 2009 - Russia and Slovakia plan to establish a joint venture which will distribute Russian gas in Slovak, news agencies quoted Prime Minister Vladimir Putin as saying on Monday.

ENOC Confirms No Increase in Price for Dragon Oil Acquisition
Tuesday, November 17, 2009 - The Board of ENOC has confirmed to the Independent Committee of Dragon Oil that the price of 455 pence per Dragon Oil Share is final and will not be increased.

PrimeGen Unveils Initial Production at Russian Well
Tuesday, November 17, 2009 - Total oil produced and sold for the Kochmesskoye No.7 well at Timan-Pechora, Russia, was 28,840 barrels with an average daily production rate of 1,442 barrels per day.

Aurelian Makes Largest Discovery to Date Onshore Romania
Tuesday, November 17, 2009 - With a possible tie-in point to the regional gas pipeline grid only 6 kilometers distant from Voitinel-1, the options for appraisal and the commercial exploitation of the discovery are now being examined.

Update on Contractual Dispute for Byford Dolphin
Monday, November 16, 2009 - BP and Dolphin Drilling have failed to resolve a contractual dispute regarding the Byford Dolphin semisub, and the contract will now be considered by an English court.

Serica Enters into Revolving Credit Facility for Kambuna Field
Monday, November 16, 2009 - Serica Energy has entered into a new US $100 million senior secured revolving credit facility to replace its previous facility of a similar amount.

Tethys' 3Q Report Underlined by 60% Increase in Revenues
Monday, November 16, 2009 - Tethys has announced its third quarter 2009 financial results. The results are underlined by a 60% increase in revenues over the third quarter of last year.

Toreador Spuds La Garenne Well in Paris Basin
Monday, November 16, 2009 - Toreador successfully commenced drilling the La Garenne LGA-1D conventional exploration well, which is located on the 100% owned Rigny le Ferron permit in the Paris Basin in France.

Vertec Reels in Additional Cabin Rental Contracts
Monday, November 16, 2009 - Vertechas, which specializes in the design, build, sale and rental of specialist engineering service cabins and control rooms for the oil and gas industry, has secured a number of new rental contracts over the last month.

Subsea UK Chief Appeals for Global Decommissioning
Friday, November 13, 2009 - "The UK decommissioning market is difficult to consistently predict and does not align itself to a strong business case. The supply chain needs therefore to look at decommissioning as a global opportunity," said Subsea UK's Alistair Birnie.

Analysis: Eni Exploration Pays Off
Friday, November 13, 2009 - Currently Eni has 10 rigs under contract -- one drillship, four jackups, and five semisubmersibles -- working in the Mediterranean Sea, off Brazil, off West Africa, in the North Sea, and in the Gulf of Mexico.

Drilling Has Commenced at Hykeham-1 Onshore UK
Friday, November 13, 2009 - Europa Oil & Gas announced that drilling the main section of the Hykeham-1 exploration well, situated on the PEDL150 license near Lincoln, has commenced.

Bulgaria to Form Natural Gas Supplies JV with Azerbaijan
Friday, November 13, 2009 - The Bulgaria-Azerbaijan JV will explore the possibilities for the delivery of natural gas from Azerbaijan to Bulgaria through the Nabucco gas transit pipeline.

Toreador Retains RBC Capital Markets as Financial Advisor
Friday, November 13, 2009 - Toreador is undertaking a review of a full range of strategic alternatives available to the Company to enhance shareholder value.

Vertec Secures Specialist ROV Cabin Contract with Schilling
Friday, November 13, 2009 - Vertec has secured a significant contract to design and manufacture specialist ROV cabins for a global producer of high technology subsea systems.

Dana Announces Discovery Near Jotun
Thursday, November 12, 2009 - Dana and its co-ventures have discovered oil in the Jetta sidetrack well (25/8-17 A) offshore Norway.

WSJ: Exxon Lured By Gas Potential
Wednesday, November 11, 2009 - ExxonMobil has joined a growing list of major energy companies looking to exploit an emerging source of natural gas once seen mainly as the bane of coal miners.

Deep Sea Supply Posts Increased Revenues for Third Quarter '09
Wednesday, November 11, 2009 - Deep Sea Supply's revenues increased to US $137.3 million or an increase of 2.5% compared to the same period last year.

BG Group CFO Takes Reins for ECA Region
Wednesday, November 11, 2009 - BG Group announced that Chief Financial Officer Ashley Almanza is to assume interim responsibility for the management of the Group's Europe & Central Asia (ECA) region, in addition to his current responsibilities as CFO.

Eni, Gazprom Conduct South Stream, Upstream Pow-Wows
Wednesday, November 11, 2009 - Eni and Gazprom teams met in Moscow on November 10, 2009 to discuss the competitiveness of the Russian gas in Europe and the development of the South Stream project.

SeaBird Successfully Completes Private Placement
Wednesday, November 11, 2009 - SeaBird has announced a successful placement towards institutional and private investors of 54 million new shares at a price of NOK 3.50 per share.

Tullow: Jubilee to Deliver First Oil in Fourth Quarter 2010
Wednesday, November 11, 2009 - Tullow noted in its interim statement this morning that Jubilee development drilling and facilities fabrication remain on track to deliver first oil in the fourth quarter of 2010.

CGGVeritas Reports Third Quarter 2009 Consolidated Results
Tuesday, November 10, 2009 - CGGVeritas has announced its non-audited third quarter 2009 consolidated results.

Aberdeen Firm Offers 'Next Generation Broadband' to Energy Sector
Tuesday, November 10, 2009 - Converged Communication Solutions has unveiled its ground-breaking ADSL2+ broadband package, providing global businesses operating in the Energy sector with increased bandwidth and faster internet connection speeds.

OMV Selects ICL Technology from GE Oil & Gas
Tuesday, November 10, 2009 - OMV Gas GmbH of Austria, a 100% subsidiary of OMV Group, has again selected integrated compressor line (ICL) technology from GE Oil & Gas.

TNK-BP Accelerates Development of Uvat Project
Tuesday, November 10, 2009 - TNK-BP continues capital investments into construction of facilities and development of fields of the Uvat project, which was started in February 2009.

Toreador Cites Improved Operating Efficiencies Exiting 3Q 2009
Monday, November 09, 2009 - "We are equally pleased with the progress made since the close of the third quarter, including the the sale of our Turkish assets and the continued financial progress we have made by paying down our debt," said Toreador CEO Craig McKenzie.

Gazprom Suffers Steep Losses for First Half of 2009
Monday, November 09, 2009 - Dropping demand and rising business costs slashed profits for Russian natural gas firm Gazprom by nearly 50 percent in the first half of 2009 when compared to the same period last year, the company reported Monday.

PrimeGen Gears Up for Drilling at Russian Oil and Gas Project
Monday, November 09, 2009 - Operator Seneko has notified PrimeGen of their mobilization of equipment for the commencement of drilling within the participatory lands of the Rodnikovskogo oil and gas project in Russia.

Premier Energy Intends to Resume Devt Drilling in Russia
Monday, November 09, 2009 - Premier Energy signed a non-binding LOI with Rossgaz LLC to purchase the remaining interest in Karbon CJSC, with plans to complete a planned drilling program at the North-Kopanskoye oil field.

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