Centrica boss ‘worried’ about low gas storage reserves
Christopher O’Shea, chief executive of British Gas owner Centrica, has said he is “worried” about low gas reserves this winter.
Europe
European Oil and Gas news
Aberdeen’s ASCO wins £70m contract with Aker BP in Norway
Aberdeen-headquartered ASCO has been awarded a £70 million contract by Aker BP for work across its Norwegian operations.
Dutch and Norwegians cashing in on wind and cable ship boom
2024 ended on a high at Concordia Damen, with the Dutch shipbuilding group reaching the roughly halfway stage in the design, build and delivery of two 550ft (167.5m) roll–on–roll–off wind turbine systems carriers for fellow Dutch company Amasus, with delivery of the first sister expected later this year (2025).
All Europe Posts
Statoil awards contract for new shuttle tankers
Norwegian oil and gas company Statoil has awarded a contract to AET for the operation of two offshore loading shuttle tankers (OLSTs).
Firms merge to become world’s largest OSV company
Solstad Offshore and Farstad Deep Sea Supply have completed their merger – with a new company named SolstadFarstad ASA set up today.
UK set up for global gas fight as giant storage site shuts
Already buffeted by political chaos at home and abroad, the U.K. gas market must now operate without its biggest stabilizing force: the giant Rough gas storage facility under the North Sea.
UK PM to brief european leaders on plans to offer certainty to EU nationals in UK
Days after the opening of formal Brexit talks, Theresa May is set to make a bid to break the logjam over the status of expat citizens following UK withdrawal from the EU.
Rough closure leaves a “big hole” in UK gas supply, analyst says
The closure of Centrica’s Rough storage facility could leave a "big hole" in the UK’s future gas supply, according to an industry analyst.
Centrica sells two power stations to shift focus to customer oriented businesses
Centrica has sold two of its combined cycle gas turbine power stations as part of its plans to shift its focus towards its customer oriented businesses.
Norway offers record number of Arctic blocks for oil exploration
Norway has offered a record number of blocks for exploration in the Arctic Barents Sea.
Total makes payment on offshore Ireland licence
Providence Resources said today that Total had paid down $20.25million as part of its farm-in deal for a licence offshore Ireland.
Europa ready to start work on licences after extensions granted
The Irish Government has extended two of Europa Oil and Gas' exploration licences by two years to July 2019.
Sound Energy tempers expectations at Badlie
Sound Energy today reported a gas payback for its Badile exploration well in Italy.
Ken Clarke urges change of course on Brexit amid ‘hopeless splits’
Former chancellor Ken Clarke has urged the Prime Minister to change her approach to Brexit in an effort to restore public confidence in politics.
Video: New report shows North Sea confidence levels on the up after record lows
Confidence levels in the North Sea oil and gas industry are finally improving after a long spell in the doldrums, new survey findings reveal.
Faroe Petroleum hits oil pay in North Sea
Faroe Petroleum this morning confirmed the success of its latest North Sea appraisal well.
Ineos to expand Grangemouth capacity, unveils European growth plans
Petrochemicals giant Ineos will expand its Grangemouth facility as part of a portfolio of major projects aimed at boosting its ethylene production.
Europa Oil & Gas in second cash haul for UK operations
Europa Oil & Gas this morning confirmed it has been successful in its bid to raise more cash for its UK operations.
Employers ‘totally unprepared’ for migration fall after Brexit, study finds
Firms are being urged to step up their preparations for Brexit after a new study found that employers are “totally unprepared” for a fall in migration once Britain leaves the EU.
Statoil gets go-ahead of wildcat well
The Norwegian Petroleum Directorate has granted Statoil the go-ahead to drill its latest wildcat well.
Songa Offshore posts strong month thanks to Statoil
Songa Offshore recorded a strong fleet month in May thanks to its work with Statoil.
Amec FW picked for BP refinery revamp
BP has picked Amec Foster Wheeler (AFW) for a revamp job on its Castellon refinery in Spain.
Ireland moves closer to fracking ban
An outright ban on fracking in Ireland has moved a step closer.
Union Jack ups stake in Wressle
Union Jack Oil has continued to up its stake in the Wressle-1 discovery and Broughton North Prospect, both located onshore in the UK.
Worst Norway offshore slump holds key lessons for top banker
Norway’s biggest bank is done comparing: The downturn in the country’s offshore services market has no precedent.
Norway bolsters oil-industry defenses against foreign takeovers
Norway is seeking greater leeway to restrict foreign ownership of its offshore fields, a move seen to be potentially targeting a growing Russian interest in its resources.
Statoil recommends new chairman of the board
Statoil's nomination committee has recommended Jon Erik Reinhardsen be elected the oil major's new board chairman.
Europa prospects offshore Ireland hold more than 500million barrels
Europa Oil and Gas said today that two of its prospects off Ireland contain prospective resources of more than 500million barrels of oil.
