Shell reportedly mulling sale of chemical assets in Europe and US
Oil supermajor Shell is reportedly considering selling its chemicals assets in the Europe and the US, including its holdings in the Mossmorran plant in Fife.
Europe
European Oil and Gas news
Voltalis pledges £1bn after Ofgem demand response reform
An arcane Ofgem decision is bearing fruit. The regulator’s move to carve out space for demand-side response in the UK market has triggered a significant £1 billion investment from French energy technology company Voltalis.
All Europe Posts
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.
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.
