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
Vladimir Putin praises ‘strategic partnership’ with China
Russian President Vladimir Putin has praised an “all-embracing and strategic partnership” with China during a visit to Beijing that takes place against the background of a drop in trade and lingering mistrust.
Brexit: Score Europe MD calls for industry to “rise to challenge”, says INDY 2 is “unwelcome distraction”
The managing director of Score Europe said industry must "rise to the challenge" and "pull together" after the UK voted by a narrow margin to leave the European Union.
Brexit: Balmoral Group boss says Britain’s economy “robust” enough on its own
The chairman of Balmoral Group Jimmy Milne said the UK's economy is "robust enough" to hold its own in the world market, after the country voted by a close margin to exit the European Union.
Brexit: Sir Ian Wood says industry must “remain calm” after Leave vote
Industry leader Sir Ian Wood has urged for businesses to "remain calm" after the UK voted by a narrow margin to leave the European Union.
Dutch government caps gas field production following earthquake concerns
The Dutch government said on Friday that it would lower the cap on production at the Groningen gas field to 24 billion cubic metres a year for the next five years.
Business chiefs want strong leadership after Brexit result
The UK and devolved governments must show strong leadership to stabilise the economy following the decision to quit the European Union (EU), business and industry chiefs have said.
Brexit: EDF still committed to Hinkley Point
EDF said it remains committed to building a nuclear plant at Hinkley Point following Britain's vote to exit the European Union.
Pioneers of Russian oil industry honoured
The pioneers of the Russian oil and gas industry were honoured in a ceremony held in the oil region of Perm.
Brexit: Norway’s largest financial market warns country’s oil and gas sector will be hit hardest
Norway's largest financial group said the country's oil and gas industry will see the biggest impact from the Brexit vote.
Brexit: BP says its “too early” to understand implication of vote
Oil major BP said it was "too early" to understand what implication as decision by the UK to leave the European Union would have.
Brexit: PM to step down by Tory party conference, vote “will of British people”
Prime Minister David Cameron said he will step down by the Tory party conference in October.
Brexit: Bank of England “monitoring developments closely” after vote
The Bank Of England has said it is "monitoring developments closely" after the UK voted to leave the European Union.
Brexit: Energy Minister – Leave vote is “superb opportunity” for UK
Energy Minister Andrea Leadsom has insisted Prime Minister David Cameron should remain in his position despite the UK voting to leave the European Union.
Brexit: Business world seeks stability and direction following EU exit
Business groups forecast a “nervy time ” ahead for industry and urged the government to do all it could to maintain stability.
Merkel set to pass legislation banning gas fracking in Germany
Chancellor Angela Merkel’s coalition is set to ban shale gas fracking in Germany, passing legislation in parliament on Friday that is set to end years of discussion over whether the nation should follow the U.S. in launching a boom in drilling.
Brexit: Brent crude falls more than 6% on vote
World financial markets have been rocked by the UK’s vote to leave the European Union, with stock markets and oil prices crashing and the pound hitting its lowest level in three decades.
Strike action avoided in Norway at final hour
Strike action has been avoided in Norway hours before a deadline ended over a pay dispute.
Shandwick Supply Company to double staff after cash injection
A precision engineering firm in Easter Ross aims to double the size of its workforce over four years after receiving a £210,000 grant from Highlands and Islands Enterprise (HIE).
Gazprom and Shell assets swaps “certain” by end of year claims Medvedev
Gazprom could gain control over some of the assets Shell's recently acquired BG assets in a swap deal, a senior Gazprom executive said.
Statoil hit with improvement order for methanol plant
Norwegian energy giant Statoil has been given until July 8 to explain how it will deal with non-conformities and improvements following an inspection of its Tjeldbergodden facility.
JKX produces more but earns less on exchange rate fluctuation
JKX Oil & Gas, the Ukraine and Russian focused operator, said the weakness of the rouble affected revenue in the first five months of 2016, although production levels had increases on the same period from last year.
Shell and Gazprom to invest $13billion in Russian projects
Shell and Russia's gas major Gazprom will jointly invest $13 billion in three projects in Russia.
Lansdowne raises funds as it reports £15million loss
Lansdowne Oil and Gas posted a loss of £15million for the year to the end of December - including an impairment charge of £14.95 million.
Worldview Capital assumes full control of Petroceltic
The long-running and bitter battle for control at Irish exploration company Petroceltic has concluded with main shareholder Worldview Capital assuming full control of the company.
Infrastrata and Baron strike out at Woodburn Forest
Operator InfraStrata and partner Baron Oil have failed to find hydrocarbons during the drilling of the Woodburn Forest well in County Antrim, in Northern Ireland.