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
Ineos boss attacks Scottish Labour’s anti-fracking stance
A top boss at one of Scotland’s biggest energy firms has blasted Labour’s anti-fracking stance.
JKX confirms police raid on Ukranian subsidiary
JKX Oil & Gas has confirmed Ukrainian police visited its Ukrainian subsidiary, Poltava Petroleum Company and the homes of two of its senior employees, without notice, searching for documents in relation to the investigation of claims of alleged underpaid taxes which have been made by a local prosecutor.
Eni gets Norwegian wildcat go ahead
The Norwegian Petroleum Directorate has granted Eni Norge a drilling permit for a wildcat well in the Barents Sea.
UKOG ups stake in Weald Basin
UK Oil & Gas Investments has paid £3.5m to acquire another licence in the highly prospective Weald Basin, near Gatwick Airport.
Europa extends stake in Atlantic basin “hot spot”
Europa Oil & Gas has increased its sole operatorship licences in the Atlantic basins offshore Ireland to seven following the latest transfer of two licences from Kosmos Energy.
Norwegian oil fund draws up plans to protect assets from extreme political events
The Norwegian oil fund has drawn up plans to protect its assets from extreme political events such as military invasion or coup.
Europa Oil & Gas formally accepts Irish licences
Europa Oil & Gas, the AIM listed oil and gas exploration, development and production company focused on Europe, has formally accepted the award of four new Licensing Options as part of phase two of the 2015 Atlantic Ireland licensing round.
200 jobs at risk as NADL contract comes to end with Exxon
North Atlantic Drilling (NADL) faces making up to 200 redundancies as a contract for its West Alpha rig with ExxonMobil comes to an end.
ABB to reduce its headcount by up to 120 positions in Norway
ABB in Norway said it plans to reduce its headcount by around 120 positions in Norway.
Lukoil feels the pinch from crude price slump
Lukoil, Russia’s second-largest oil producer, saw profit slump by 59% in the first quarter as oil prices declined to a 12-year low.
Ireland concludes second round of Atlantic margin licences
Ireland's latest Atlantic Margin Licensing Round has seen 11 companies snapping up opportunties offshore the Emerald Isle.
Noble and partners receive Leviathan go-ahead
Israel has approved the development of the $5billion Leviathan natural gas field which is set to give Israel a second source of gas supply and turn it into a gas exporter.
Holyrood backs ban on fracking as SNP abstains from vote
The Scottish Government has said it will continue to explore the potential for fracking in Scotland despite a vote in parliament in favour of an outright ban.
How MSPs voted in narrow Scottish fracking ban
MSPs have voted by 32 to 30, with 61 abstentions, in favour of a Scottish Government motion, amended by Labour and the Greens, calling for an outright ban on fracking and stating it and other forms of unconventional gas extraction are “incompatible” with Scotland’s low-carbon ambitions.
Well-Centric invests £300,000 in workshop expansion
Aberdeen firm Well-Centric Oilfield Services has completed a £300,000 upgrade of its workshop facilities in Wellheads Industrial Estate, Dyce.
Norwegian Government rejects calls for review of petroleum tax
The Norwegian Government has rejected calls for a review of the petroleum tax.
Geopolitical upheaval hits Regal Petroleum’s financials
Regal Petroleum today said “geopolitical events”, including disruption to the gas sales market, had hit its financial results.
Technip lands billion euro Med gas field development project
Technip has been awarded a major natural gas field development in the Mediterranean that could be worth as much as €1 billion.
Battered by crude collapse, Norway now faces risk of oil strikes
Norway’s oil companies and the industry’s biggest union had set off two days to negotiate over wages for offshore workers. Instead, the talks broke down after less than a minute.
First Geo lands engineering personnel deal with Det Norske
Oil producer Det Norske has awarded a framework agreement to fellow Norwegian firm First Geo for delivery of a broad range of subsurface and well engineering services.
UK government accused of sitting on fracking climate change report
Ministers have been accused of ‘sitting on’ a long-awaited report on fracking and climate change in a bid to help the oil industry.
Putin discusses energy cooperation with Greek counterpart
Vladimir Putin will discuss energy cooperation as he continues his two-day visit to Greece, his first trip to a European Union country this year.
Prospex raises £1.6million for Polish play
Prospex Oil & Gas has raised £1.6million in a share placing to support the activities of Hutton Poland, in which it holds a 49% stake.
DONG’s IPO set to value the company at $16billion
DONG Energy could be valued at up to $16billion, potentially making it Europe's biggest flotation this year.
France using fuel reserves to deal with petrol shortages caused by strikes
France has started using its fuel reserves to deal with petrol shortages caused by strikes and protests over a bill weakening worker protections.