Production News for Europe & Russia


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Russia Is Said to Seek Oil-Cuts Rollback for Most OPEC Nations
Tuesday, June 12, 2018 Russia plans to propose that OPEC and its allies be allowed to return production to October 2016 levels.

Russia Said to Boost Oil Output as Commitment to OPEC Cuts Wanes
Monday, June 11, 2018 Russia is showing signs of weakening its commitment to oil-supply cuts as production rises before crucial talks with OPEC about the future of the agreement.

Possible To Reduce Groningen Gas Output Faster - Dutch Minister
Thursday, June 07, 2018 Production at the Groningen natural gas field could be reduced faster than planned.

Spain's Repsol To Boost Production, Hike Dividend In 2020
Wednesday, June 06, 2018 Spanish oil major Repsol expects to increase production to 750,000 barrels per day in 2020 and raise its dividend to $1.2 per share over the next two years.

Sources: US Asks OPEC Producers To Pump More Oil, No Specific Figure
Tuesday, June 05, 2018 The US government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output.

Rosneft Seen Quickly Recovering Output Once OPEC Deal Curbs Eased - Analyst
Friday, June 01, 2018 Russia's largest oil producer Rosneft has been able to recover its oil production of 70,000 barrels per day in just two days, Renaissance Capital wrote in a client note.

Equinor's Troll C Gas Module Expected To Start In Q3 2019
Thursday, May 24, 2018 A new gas module on the Equinor-operated Troll C platform is expected to start production in the third quarter of 2019.

Norwegian Production Drops in April
Wednesday, May 16, 2018 Norwegian production drops month-on-month in April, according to preliminary output figures released by the Norwegian Petroleum Directorate.

Premier Oil Says Debt Reduction On Track As Output Grows
Wednesday, May 16, 2018 Premier Oil says it is heading for a 'material' reduction of its $2.7 billion debt pile, with its Catcher field ramp-up reaching a promised 60,000 barrels per day.

OPEC's Reason for Sticking With Cuts Rests on Shaky Ground
Wednesday, May 02, 2018 OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target.

Shell Writes Off Groningen Gas Field On Dutch Phase-Out
Thursday, April 26, 2018 Shell says it would write down its reserves in the Groningen gas field.

Total Output Hits Record High As Prices Buoy Profits
Thursday, April 26, 2018 Total reports record high quarterly oil and gas output while beating profit forecasts helped by higher prices.

Trump's Revenge: US Oil Floods Europe, Hurting OPEC and Russia
Monday, April 23, 2018 U.S. oil is even edging out North Sea Forties, which is produced in the backyard of the continent's refineries.

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.

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.

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.

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.

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.

Document: Russia's Rosneft Interested In Oil, Gas In Iran's Zagros Province
Friday, April 06, 2018 Rosneft is interested in oil and gas projects in Iran's Zagros province.

Putin, Novak To Discuss Global Energy Cooperation On Thursday
Thursday, March 29, 2018 Russian President Vladimir Putin is to meet energy minister Alexander Novak on Thursday.

Down Is Up as Aging Oil Fields Defy Gravity to Pump More
Friday, March 09, 2018 Bob Dudley has never seen anything like what happened with BP's old fields last year: They gushed more crude.

Germany's EWE Plans To Cut Groningen Gas Use By 75%
Wednesday, February 14, 2018 EWE plans to sharply reduce its use of gas from the Groningen field in the Netherlands.

IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.

ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE
Friday, February 09, 2018 ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.

UK Onshore Industry Set for 'Exciting' 2018
Friday, February 02, 2018 The UK onshore industry is set to have an 'exciting' year in 2018, according to IGas CEO Stephen Bowler.

Norway's Sverdrup Oilfield Could Start In Oct. 2019 -Partner
Thursday, February 01, 2018 First oil from Norway's giant Johan Sverdrup field could come in October 2019.

Norwegian Output Increases in December
Tuesday, January 23, 2018 Norwegian production increased in December 2017, according to preliminary production figures released by the Norwegian Petroleum Directorate.

Wintershall Continues to Invest in German Oil, Gas Production
Monday, January 22, 2018 Wintershall is continuing to invest in the production of crude oil and natural gas from assets in Germany.

Tulip Oil Presses Ahead with 'Major' Offshore Producing Asset
Thursday, January 18, 2018 Tulip Oil Netherlands Offshore B.V. confirms that it will proceed with the development of the Q10 gas field.

Groningen Gas Output Cut To Be Examined-Dutch Regulator
Thursday, January 11, 2018 The Dutch gas regulator will respond on Thursday to proposals to reduce output from the Groningen gas field following a tremor there this week.

NPD: Norwegian Production to Increase to 2023
Thursday, January 11, 2018 Norwegian production will continue to increase to 2023, according to the Norwegian Petroleum Directorate (NPD).

Output At Lundin's Grieg Field Back To Normal After Forties Outage
Wednesday, December 27, 2017 Production at Lundin Petroleum's Edvard Grieg oil and gas field off the coast of Norway is back at normal levels.

Russia's Rosneft, BP Agree To Jointly Tap Arctic Oil And Gas
Thursday, December 21, 2017 Russian energy giant Rosneft and its shareholder BP agree to jointly develop oil and gas deposits in the Russian Arctic Yamal-Nenets region.

Po Valley Energy: Northern Italy Well 'On Gas'
Thursday, December 21, 2017 Po Valley Energy Limited announces that the Podere Maiar 1dir exploration well, on the Selva gas field in Northern Italy, is now complete for production.

Norwegian Output Drops in November
Wednesday, December 20, 2017 Norwegian production decreases in November, according to preliminary output figures from the Norwegian Petroleum Directorate.

VNG Norge Submits $1.2B Fenja Development Plan
Tuesday, December 19, 2017 VNG Norge submits a field development plan for the Fenja asset in the Norwegian Sea to the Ministry of Petroleum and Energy.

Maria Field Production Starts One Year Ahead of Schedule
Monday, December 18, 2017 Production starts at the Maria field in Norway one year ahead of schedule.

Tambar Field Production Recommences
Wednesday, December 13, 2017 Independent oil and gas company Faroe Petroleum announced Wednesday that production from the Tambar field in Norway has recommenced.

Eni Can Restart Production At Arctic Goliat Oilfield -Norway Regulator
Friday, December 08, 2017 Italian oil firm Eni receives permission to restart production at its Goliat oilfield in the Arctic Barents Sea.

Norwegian Production Increases
Tuesday, November 21, 2017 Norwegian production has increased month-on-month, according to the Norwegian Petroleum Directorate's preliminary output figures for October.

NPD Grants Consent for Production Start Up of Maria Field
Friday, November 17, 2017 The Norwegian Petroleum Directorate (NPD) grants consent for the start-up of production from the Maria field in the Norwegian Sea.

Statoil Celebrates Opening of Valemon Remote Control Room
Thursday, November 09, 2017 Statoil celebrates the opening of the Valemon control room at Sandsli in Bergen on Thursday, which will be used to operate the first remote controlled platform in the company's portfolio.

Minister: Norway Expects 5-10 New Oil, Gas Field Development Plans in 2018
Wednesday, November 08, 2017 Oil firms will probably file between five and ten applications to develop new oil and gas fields off Norway in 2018.

Total Primary Energy Demand to Increase by 35%
Wednesday, November 08, 2017 Energy demand is on the rise, according to the 2017 World Oil Outlook report.

Greek Energy Firm Inks Gas Deals With Israeli Companies
Tuesday, October 31, 2017 Greek energy firm Energean signs 3 new deals to sell natural gas from the Karish and Tanin offshore fields to Israeli companies.

Novak Says Russia To Raise Oil Output If Pact Not Extended
Wednesday, October 25, 2017 Russia will increase its oil output by 3.5-4.0 million tonnes in 2018.

Putin Says Oil Pact With OPEC May Be Extended to End of 2018
Wednesday, October 04, 2017 President Vladimir Putin said Russia is open to extending a deal with OPEC to curb oil supplies to the end of 2018.

Statoil And Partners Plan Output Capacity Expansion At Troll Gas Field
Tuesday, September 26, 2017 Statoil and partners are working to increase the output capacity of Troll, the country's largest gas field.

Total Extends 5% Annual Oil Output Growth Target
Monday, September 25, 2017 Total extended its 5% annual average oil production growth target until 2022.

Russia's Lukoil Eyes Decade Of Oil Output Growth
Wednesday, September 20, 2017 Lukoil expects its output to rise over the next 8-10 years as it brings new fields onstream, vice president and co-owner Leonid Fedun says.

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