Europe & Russia News


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EM&I: Local Staff 'Key' to Success of Overseas Bases
Monday, April 23, 2018 Employing a local staff majority as soon as possible has been 'key' to the success of EM&I Group's overseas bases, the international asset integrity specialist reveals.

Hurricane Energy Appoints New Non-Executive Chairman
Monday, April 23, 2018 UK based oil and gas company Hurricane Energy plc appoints Steven McTiernan as its new non-executive chairman, effective May 1.

More Countries Needed In OPEC, Non-OPEC Pact - UAE's Al Mazrouei
Friday, April 20, 2018 Further oil producers need to join OPEC and non-OPEC producers in curbing supply, UAE oil minister Suhail Mohamed Al Mazrouei tells a German newspaper.

Drilling Systems, AIS Launch New Tech-Focused Training Company
Friday, April 20, 2018 Drilling Systems, a simulator developer, joins forces with industrial training provider AIS to create a new technology-focused training organization for the global energy industry.

Norwegian Production Declines in March
Friday, April 20, 2018 Norwegian production decreases month-on-month in March, according to the Norwegian Petroleum Directorate's latest preliminary output figures.

Nissan to Cut Hundreds of Jobs at UK Plant as Diesel Demand Slides -Source
Friday, April 20, 2018 Nissan will cut hundreds of jobs at its Sunderland plant, Britain's biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source told Reuters.

Does a Digitization Domino Effect Await Oil and Gas?
Thursday, April 19, 2018 AspenTech survey reveals major obstacles in oil and gas firms' quest to digitize.

Head Of Oil Major Total Expects Good Q1 Results Due To High Oil Price
Thursday, April 19, 2018 French oil major Total expects to report good first quarter results next week, thanks to the impact of high oil prices, says company head Patrick Pouyanne.

Aibel Secures Statoil Njord Bravo FSU Contract
Thursday, April 19, 2018 Aibel secures a contract from Statoil for the refurbishment and lifetime extension of the Njord Bravo Floating Storage Unit.

Oil And Gas Firm Energean To Boost East Mediterranean Output
Thursday, April 19, 2018 Energean Oil & Gas is boosting its Greek output and expects first gas from its Israeli fields in the first quarter of 2021.

Now France's Oil Major Is Getting Ready for an Electric Future
Thursday, April 19, 2018 Total's action follows a similar utility acquisition by Royal Dutch Shell Plc in December.

Plastic Makers' Credit Ratings May Be Hit by Pollution Rules
Thursday, April 19, 2018 Plastic packaging makers may be less credit-worthy in the future as governments try to curb marine litter, Moody's Corp. said in a report.

US LNG Gets a Big Cheer in One of Russia's Smaller Neighbors
Thursday, April 19, 2018 One of Russia's European neigbors is fully embracing U.S. liquefied natural gas.

Petroplan Appoints New CEO
Wednesday, April 18, 2018 Petroplan Group appoints Philippa Barnes as its new CEO.

Greece Launches Tender To Sell Majority Stake In Hellenic Petroleum
Wednesday, April 18, 2018 Greece launches an international tender to sell a majority stake in Hellenic Petroleum as part of its third international bailout.

Oil Rises Amid Shrinking US Surplus as OPEC Prepares to Gather
Wednesday, April 18, 2018 Crude climbed to the highest since 2014.

CAPEX Among World's Largest O&G Firms to Rise to Just Under $500B in 2018
Tuesday, April 17, 2018 Capital expenditure (CAPEX) among the world's largest oil and gas companies is due to increase 11.5% year-on-year in 2018 to just under $500 billion, according to oil and gas analysts at BMI Research.

Tullow Oil Appoints New Non-Executive Chair
Tuesday, April 17, 2018 Tullow Oil plc announces the appointment of Dorothy Thompson as independent non-executive director and chair-designate.

CHC Signs Contract Extension With Aker BP to Support Valhall Field
Tuesday, April 17, 2018 CHC Group signs a 2-year contract extension with Aker BP to support its Valhall field in the Norwegian North Sea.

Analyst: Switch To LNG For Shipping Fuel Not Enough To Meet Regulations
Tuesday, April 17, 2018 Switching to LNG to fuel ocean-going vessels may not be enough for shippers to comply with long-term emissions regulations, JBC Energy says.

Big Oil Bids to Burnish Credentials in War on Climate Change
Tuesday, April 17, 2018 The world's biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves.

Crude Gains as Industry Is Said to Report Surprise Crude Draw
Tuesday, April 17, 2018 Oil edged higher after an industry report showed US crude stockpiles and supplies at the nation's largest storage hub both declined.

Statoil Awards LOI for $160MM Drilling Contract to Odfjell
Monday, April 16, 2018 Statoil awards Odfjell Drilling a conditional letter of intent for a drilling contract for the Deepsea Atlantic rig.

Kuwait Says Market Conditions To Determine Any Extension Of OPEC-Led Cuts
Monday, April 16, 2018 Kuwait's oil minister says the pact between OPEC and non-OPEC producers to curb supplies will run to the end of the year and market conditions will determine whether to extend it further.

Nord Stream 2 Pipeline Must Balance Interests - German Minister
Monday, April 16, 2018 Germany's aim with respect to the planned Nord Stream 2 pipeline is to enable private infrastructure projects while protecting the justified interests of Ukraine, Economy Minister Peter Altmaier says.

Croatia To Announce Tender Results For Using Planned LNG Plant In Late May
Monday, April 16, 2018 Croatia will announce on May 28 the results of a tender to use capacity at a planned LNG terminal.

Oil Drops As Syria Risk Seen Muted After Weekend Air Strikes
Monday, April 16, 2018 Oil prices dropped as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.

IEA Says 'Mission Accomplished' For OPEC As Oil Stocks Shrink
Friday, April 13, 2018 OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agency says.

Eni Shuts Output At Norway's Goliat Field After Sauna Fire
Friday, April 13, 2018 Italian oil firm Eni shut output from Norway's Arctic Goliat oilfield on Friday following a small fire.

Croatia's Krk LNG Terminal Meets Environmental Requirements
Friday, April 13, 2018 A planned LNG terminal on the island of Krk in the northern Adriatic meets environmental requirements, the company leading the project says.

Iran Oil Arrives In Gdansk As Poland Diversifies Supplies
Friday, April 13, 2018 PKN Orlen says that a shipment of 130,000 tonnes of Iranian crude oil has arrived.

Oil Posts Biggest Weekly Gain Since July Amid Global Conflict
Friday, April 13, 2018 Crude posted its largest weekly gain since July as geopolitical tensions threatened to accelerate the tightening of global supplies.

Maersk Drilling, Maersk Supply Service Establishing JV Decom Company
Thursday, April 12, 2018 Maersk Drilling is establishing a 50:50 joint venture (JV) decommissioning company with Maersk Supply Service.

Shell Sees No Risk Of 'Stranded Assets' As Reserves Life Shrinks
Thursday, April 12, 2018 Royal Dutch Shell says it sees little risk of having 'stranded assets' in its portfolio as the world shifts to low carbon energy.

UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance
Thursday, April 12, 2018 A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.

OPEC Sees Oil Markets Tighten Further Even As US Shale Booms
Thursday, April 12, 2018 The global oil stocks surplus is close to evaporating, OPEC says.

BLOG: Will We See More Andeavors and Equinors?
Thursday, April 12, 2018 A company re-branding is much more than a new name and logo.

Oil Steady, Near 3-Year Highs On Syria Tensions, Tighter Supply
Thursday, April 12, 2018 Oil prices held steady, remaining close to highs last reached in late 2014.

Report Identifies Emerging Decommissioning Hotspots
Wednesday, April 11, 2018 The Boston Consulting Group identifies several emerging decommissioning hotspots in a new report released Wednesday.

Merkel Says Nord Stream 2 Not Possible Without Clarity For Ukraine
Wednesday, April 11, 2018 A gas pipeline planned to run from Russia to Germany through the Baltic Sea cannot go ahead without clarity on Ukraine's role, Merkel says.

US Crude Hits Highest Since 2014 On Missile Concerns
Wednesday, April 11, 2018 Oil prices jumped, hitting their highest in more than three years.

Norway Approves Fenja PDO
Tuesday, April 10, 2018 The Norwegian Minister of Petroleum and Energy approves the plan for the development and operation of the Fenja field.

Oil Service Firm TGS Boosted By Seismic Market Recovery
Tuesday, April 10, 2018 TGS reports first-quarter revenues far above forecasts as markets continue to improve.

Norway Govt Presents Johan Castberg Oilfield Plan To Parliament
Tuesday, April 10, 2018 Norwegian government presents the Johan Castberg oilfield development plan for the parliament's approval.

Giant Wind Turbines Start to Pay Off and Investors Want More
Tuesday, April 10, 2018 The expanding network of giant windmills in the North Sea - the largest such collection in the world - is turning into a windfall for some bankers helping institutional investors acquire a piece of Europe's renewable-energy market.

Bechtel: LNG Demand May Need $200 Billion Investment
Tuesday, April 10, 2018 The world may need an investment of as much as $200 billion in new liquefied natural gas terminals by 2025 to satisfy a growing appetite for cleaner-burning fuels, according to Bechtel Group Inc.

Norway Unions, Employers Agree Wage Deal, Averting Strike
Monday, April 09, 2018 Norway's private-sector trade unions reach a deal with employers over wages, pensions and other compensation, averting the outbreak of major strikes.

Wood Secures Mongstad Refinery FEED Work
Monday, April 09, 2018 Wood is delivering front-end engineering design services for Statoil's Mongstad refinery near Bergen, Norway.

Russia Does Not Expect Fallout For Its Energy Sector From Ex-Spy Poisoning
Friday, April 06, 2018 Russian Energy Minister Alexander Novak says he does not expect negative consequences for the domestic energy sector from the poisoning of ex-double agent Sergei Skripal in England.

PSAN Grants Companies Consent to Drill Exploration Wells in Barents Sea
Friday, April 06, 2018 Petroleum Safety Authority Norway (PSAN) grants Aker BP and Spirit Energy consent to drill separate wells in the Barents Sea.

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