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
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.
Pay talks between Norwegian unions and oil firms break down
Negotiations between unions and employers in Norway over pay negotiations has broken down.
World better forget about $100 crude coming back, Norway says
The oil market is rebalancing, but don’t count on ever seeing prices at $100 a barrel again: that’s the message from Norway’s petroleum and energy minister.
Pro and anti-fracking sides watch for decision on drilling in Yorkshire village
Both sides of the fracking debate are watching closely to see whether the decision to allow drilling in one North Yorkshire village will herald a new era for the industry across the UK.
French police use water cannon to break up refinery blockade
French police using water cannon and tear gas have broken up a strike picket that was blocking access to a large oil refinery in the southern port area of Marseille in a government versus union showdown over contested labor law reforms.
Canada’s oil-sands producers set to re-enter evacuated sites
All of the Canadian oil-sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno.
Protesters vow to keep on fight to prevent fracking in North Yorkshire
Protesters have said they will fight a decision to allow a controversial fracking operation in North Yorkshire.
Anger as council approves first UK fracking project in five years
Councillors in North Yorkshire have given the green light to the first fracking operation in the UK for five years.
Fracking approved in North Yorkshire
Councillors in North Yorkshire have given the green light to the first fracking operation in the UK for five years.
Lansdowne seeks to raise essential funds through shares issue
Lansdowne Oil and Gas has called a meeting of shareholders giving them the opportunity to vote on the company's proposals to raise "essential" funds by issuing 350 million shares, devaluing the company in the process.
Europa agrees deal over Holmwood prospect
Europa Oil and Gas and Union Jack Oil have joined other oil juniors on the PEDL143 licence in southern England, which hosts the Holmwood prospect, after signing a deal to acquire a stake in the project by partly funding future work programmes.
Sevan Marine considers legal action against Logitel
Sevan Marine said it could take legal action over “potential breaches” of Norwegian corporate law regarding a review of agreements and a convertible loan with Logitel Offshore.
Statoil cancels Seadrill rig contract
Statoil has cancelled its contract with Seadrill for the West Hercules drilling rig.
Union Jack Oil makes acquisition, no cash changes hands
Union Jack Oil has struck a deal with Europa Oil & Gas for interests in the Holmwood Prospect located Weald Basin in southern England.
Councillors decide whether green light fracking scheme
More protests are expected in Northallerton as a decision is made on an application by UK firm Third Energy to frack for shale gas at its existing drilling site near the village of Kirby Misperton, between Malton and Pickering, North Yorkshire.
World’s biggest wealth fund faces wider ban on coal investments
Norway’s sovereign wealth fund may be forced to step up divestments of coal companies and could face a wider ban on investments in other fossil fuels such as oil sands.
Norway’s oil production increased in April
Norwegian preliminary production figures for April 2016 increased 20,000 barrels a day more then the previous month.
Norwegian government files $39million claim against TGS, stating tax avoidance
The Norwegian government has filed a $39million compensation claim against seismic specialist TGS.
Moody’s warns of ‘significant impact on confidence’ of a Brexit vote
A Brexit vote would hit the entire European economy and have a “significant impact on confidence”, according to credit agency Moody’s in its latest warning over the EU referendum.
Statoil eyes Barents opportunities following 23rd licensing round
Statoil will look to open up new acreage in the southern Barents sea after it was awarded five licences from the Norway's Petroleum and Energy ministry in its 23rd licensing round.
Norway hands out 10 new production licences, including never before explored acreage
The Ministry of Petroleum and Energy (MPE) today issued 10 new production licences, including new exploration acreage in the southeastern Barents Sea.
Petro River Oil spuds Northern Ireland well, potential 25 million barrels of oil
Petro River Oil has kicked-off its drilling campaign offshore Northern Ireland in the Larne Basin.
GC Rieber secures Black Sea hire for Polar Marquis
Norwegian shipping firm GC Rieber has secured a 45-day contract for its Polar Marquis vessel in the Black Sea.
