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
Total chief executive Patrick Pouyanne says UK should stay in the EU
The chief executive of Total said he hoped the UK would vote to stay in the European Union.
Sound Energy to shut in well to carry out Nervesa remedial work
Sound Energy is to shut-in its new well on the Nervesa licence, offshore Italy, to carry out remedial work as it believes some of the reservoir levels are not in production.
Infrastrata begins drilling at Woodburn Forest in Northern Ireland
InfraStrata has started drilling at its controversial Woodburn Forest site in County Antrim, Northern Ireland, and said it expects to complete the well within the next six weeks.
Union Jack looks to expand interests in UK assets
Union Jack Oil the onshore exploration and production company with a focus on drilling, said it remained on track for commercial production from its Wressle discovery in Lincolnshire in the second half of the year and intends to expand its interests in other areas of the UK.
Statoil farms into Turkey onshore acreage
Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey.
Infrastrata continues Woodburn drilling programme despite legal dispute
The company behind one of the Northern Ireland's most significant oil and gas projects said it continues to progress with its drilling programme at Woodburn Forest while a County Antrim council brought to court over the project prepares to make a decision.
Worldview finally takes control of Petroceltic
Irish oil producer Petroceltic said a court examiner had selected its largest shareholder, Worldview Capital Management, to take control of the group.
Sound Energy gets drilling go-ahead from Italian authorities
Sound Energy will press ahead with drilling its Badile prospect after receiving permission from Italian authorities this week. No date has been earmarked for commencement of drilling although Sound confirmed it would begin some time during 2016. The company has already secured the drilling rig to be used on Badile.
Faroe Petroleum granted consent for North Sea exploration well
Faroe Petroleum said it has received consent to drill an exploration well in the North Sea.
Zenith completes first UK land well as operator
Independent well management firm Zenith Energy has achieved a drilling first for the firm by completing of a UK land well after being appointed operator late last year.
Michael Gove predicts majority of Scots will vote to leave EU
A majority of people in Scotland will vote to leave the European Union, leading Brexit campaigner Michael Gove has predicted.
300 employees transfer to Archer after Odfjell loses Statoil contracts
Archer has struck a deal to employ hundreds of Odfjell employees after their jobs faced the axe following the loss of a number of contracts from Statoil.
Health and safety fears raised by Norwegian PSA
The Norwegian Petroleum Safety Authority (PSA) has warned the oil and gas sector it must take action to tackle safety after a report on petroleum activity risk levels (RNNP).
Sound expects Italian well approval next month
Sound Energy said it expects to get written approval for the Badile well in Italy from the Italian Ministry of Economic Development next month.
Norway’s biggest bank predicts surge in loan losses on oil price
DNB ASA expects loan losses to grow more than analysts estimated as Norway’s biggest bank adapts to the fallout of lower oil prices.
Teekay to cut up to 70 jobs in Norway
Teekay Offshore Petroleum said up to 70 positions are to go from the company after a contract with Repsol comes to an end in August.
Prospex confirms Hutton Poland wins Kolo Licence
Prospex Oil and Gas has confirmed that Hutton Poland Limited has been formally awarded the Kolo License. Prospex holds a 49% interest in Hutton.
Statoil unexpectedly posts profit in first quarter amid oil drop
Statoil ASA, Norway’s biggest oil company, said profits slumped by 86 percent as crude prices fell to their lowest level in almost 12 years in the first quarter.
Total quarterly profit beats estimates, helped by refining
Total SA’s first-quarter profit fell 37 percent, beating analysts’ forecasts as cost cuts, rising production and resilient refining profits helped the French company offset the slump in crude prices.
Aker Solutions and ABB form subsea alliance
Aker Solutions and ABB have agreed a subsea alliance to target new business.
Rigs in Norwegian North Sea to be assessed after oil worker death
The Norwegian Maritime Directorate (NMD) said it will check all rigs on the Norwegian Continental Shelf following the death of a worker in a huge storm.
Egdon’s loss widens as it looks towards first production at Wressle
Egdon Resources, the UK-focused oil and gas company, reported a pretax loss of £2million, due largely to impairments on its Waddock Cross project.
UK power needs plan B as Hinkley decision delayed, Labour says
The U.K. government must lay out specific options to fill a looming energy shortfall after Electricite de France SA delayed a decision last week on whether to build Britain’s first nuclear power plant in 30 years, the opposition Labour Party said.
PetroNeft reaches compromise with activist investor
PetroNeft Resources has reached an agreement with activist investor Natlata Partners to appoint its chosen non-executive directors to the board, including controlling shareholder Maxim Korobov.
NOV makes 520 job losses in Norway
National Oilwell Varco (NOV) has made a further 520 redundancies in Norway.
