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
Row erupts over Ruth Davidson’s pledge to put north-east front of the energy research queue
A row has erupted over Scottish Conservative Leader Ruth Davidson’s pledge to ensure the north-east is at the front of the queue for future UK investment in energy research.
Services sector slips back amid Brexit vote jitters
Britain’s powerhouse services sector slipped back last month as Brexit uncertainty intensified in the weeks leading up to Britain’s referendum on the European Union.
Petroneft achieves record production
Petroneft has achieved record production after completing its three well initial development programme on the southern extension of Arbuzovskoye in Licence 61.
OGUK gets more time for Horse Hill, will push ahead with Kimmeridge appraisal
The Oil and Gas Authority (OGA) has approved two licence extensions and three licence conversions for UK Oil & Gas (UKOG).
Strike action looms again in Norway for more than 600 workers
SAFE union has warned more than 600 workers could go on strike later this week if an agreement is not reached with the Norwegian Oil Industry Association (NOIA).
Brexit stock Drop Not Over for Norway Manager of $10 Billion
Worse is to come for equity markets after the U.K.’s vote to exit the European Union, according to the tactical asset allocation unit of Norway’s largest listed life insurer, Storebrand ASA.
Energy Minister Andrea Leadsom puts immigration at heart of leadership bid
Energy Minister Andrea Leadsom has launched her bid for the Tory crown by declaring she will give Britain its freedom back.
Scottish businesses ask for more support after confidence hit caused by Brexit
The Federation of Small Businesses (FSB) has called for more government support as research found a decline in business confidence in the months before the EU referendum vote.
Strikes averted as Norway oil workers strike 11th hour deal
Hundreds of Norwegian oil workers have narrowly avoided going on strike after agreeing to an 11th hour pay deal.
AFC Energy chief executive responds to shareholders stock uncertainty
AFC Energy’s chairman today tackled Brexit uncertainty and responded to shareholders’ stock worry.
Amec wins deal to revamp complex gas network
Amec Foster Wheeler has won a deal to help revamp a complex underground gas network.
Universities offer free placements for Oil and Gas MSc
The University of Aberdeen and Robert Gordon University are offering up seven free places to study for an MSc in Oil and Gas Innovation.
Cairn and Kosmos banned from Norway’s sovereign fund portfolio
Norway's sovereign wealth fund has banned Cairn Energy and Kosmos Energy from its portfolio due to their business in the disputed territory of West Sahara.
Bandak to cut 92 jobs amid oil price decline
Norwegian industrial group Bandak said it has filed for bankruptcy with the loss of 92 positions from the company.
PGNiG chooses London for new LNG trading desk, doesn’t rule out Brexit re-think
PGNiG has confirmed it will launch its new global LNG trading desk in London in the wake of the UK’s historic Brexit vote.
UKOG makes loss, but says onshore position is strong
UKOG made a loss of £1.26million, according to its latest financial update. However, the operator said it was perfectly poised to leverage the UK's onshore potential.
Det Norske to cut 12 jobs, 50 contractors roles to go by end of 2016
Det Norske is to make up to 12 staff members redundant while 50 contractor positions could go by the end of the year.
Opportunity as well as risk from Brexit, Sajid Javid to tell business leaders
The Business Secretary will on Tuesday chair the first meeting of business leaders since the EU Referendum result.
Technip says no plans to stop London HQ after Brexit
French oil services company Technip said there was no reason for Britain's exit from the European Union to impact its merger with FMC Technologies - including plans for London to be the legal headquarters of the new group.
OGA grants Europa Oil & Gas more time for onshore find
The Oil and Gas Authority(OGA) has approved a two-year extension to Europa Oil & Gas for its PEDL 143 licence in the Weald Basin located in Surrey, UK.
No longer a commodity powerhouse, UK’s price impact won’t last
The U.K. decision to quit the European Union probably sparked the country’s biggest impact on global commodity markets in decades. It may not last.
Quarter of business leaders plan jobs freeze in wake of Brexit, IOD says
One in four business leaders plan to freeze recruitment in the wake of the referendum result and some are considering moving work abroad, a new study has revealed.
George Osborne moves to calm stock market after Brexit vote
Chancellor George Osborne will move to try to calm market turmoil triggered by the pro-Brexit vote as Boris Johnson broke cover in a bid to start healing Tory wounds ripped open by the bitter referendum battle.
UK Energy Minister could challenge Boris for leadership role
Boris Johnson and Theresa May are leading a pack of at least 10 senior Conservatives tipped to be contenders in the battle to succeed David Cameron.
Nicola Sturgeon: Scottish Parliament could block Brexit
Nicola Sturgeon has warned she would consider asking Holyrood to block the UK’s departure from Europe if MSPs are required to give formal backing for Brexit.
