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
San Leon completes well testing in Poland
San Leon Energy has completed testing the Racwicz-15 well in Poland with production predicted for early 2017.
Rolls Royce cuts 150 jobs in Norway
Rolls Royce has said 150 jobs will go from its operations in Norway.
Xodus goes with the Grain on three year LNG contract
Xodus Group has been awarded a framework agreement for the provision of design and engineering technical services to the Grain LNG terminal, situated on the Isle of Grain, Kent.
Greens hope to convert ‘extraordinary growth’ in support into Holyrood seats
The Scottish Greens are “very hopeful” of winning a record number of seats at Holyrood in May’s election, party co-convener Patrick Harvie has said.
Oceaneering to make 150 job losses in Norway
Oceaneering is set to make 150 job losses from its operations in Norway.
Tullow pleased with Barents appraisal well
Tullow Oil has said the Wisting asset offers valuable development potential following a successful well appraisal in the Barents Sea.
Embattled Petroceltic tells shareholders to accept offer as it faces being wound-up
Embattled Petroceltic has told shareholders to accept a takeover offer as the firm stares down the possibility of being wound-up.
Shareholder squashes PetroNeft’s restriction plans
PetroNeft's plans to restrict one of its shareholders have been squashed after the firm issued a swift response.
Exillon updates Russian production rates
Exillon Energy has given a production update from its assets in two oil-rich regions of Russia.
Statoil boosts Songa’s earning potential
Contracts with Norwegian giant Statoil buoyed Songa Offshore’s earnings last month.
OMV prepares new reserves estimate for Wisting oil discovery
OMV is set to prepare a new reserves estimate for its Wisting oil discovery in the Barents Sea, after successfully drilling its appraisal well.
FMC to make 700 job losses in Norway
FMC Kongsberg Subsea is set to make 700 job reductions in Norway.
First flight to Statoil’s Gudrun platform expected after year-long repairs
Repairs to the helideck of the Gudrun platform have been made after cracks were uncovered in the substructure earlier this year.
Statoil on the lookout for new rig on Aasta Hansteen
Norwegian operator Statoil is said to be in the market to find a rig to drill seven wells on Aasta Hansteen.
ASCO wins multimillion pound contract renewal with BP
ASCO has won a multimillion pound contract renewal with oil major BP in Norway.
PetroNeft confirms restriction notice on investors
PetroNeft, the Russian-focused Irish oil producer, has confirmed it issued restriction notices on the activist investor planning to oust several directors of the firm.
St Fergus gas plant operator secures financial backing
The new operator of a gas processing plant at St Fergus, px Group, said yesterday it had secured a significant new investor.
Report into death of Norwegian worker expected this week
A report into the investigation of how a worker died when a massive wave hit the rig he was working on is to be published this week.
Aibel to make 500 job losses in Norway
Aibel is set to make 500 redundancies in Norway in a bid to streamline costs.
Ineos accuses local government of defying ‘common sense’
Ineos has accused Falkirk Council of defying ‘common sense’ after the local government reopened a main road, which runs through the middle of the firm’s Grangemouth petrochemical site.
NOV to make further job cuts in Norway
National Oilwell Varco (NOV) said it plans to make job cuts from its operations in Norway.
Maersk warns it will pull Danish production plug if it can’t wrestle up better economics
Maersk Oil today confirmed it would shut down production from its Tyra East and Tyra West assets in the Danish North Sea if it couldn’t find a better economic case for the sites.
Aker secures double contract win to support 120 jobs
Aker has won two contracts in quick succession to secure 120 jobs.
DNV wins big with Statoil’s Johan Sverdrup
DNV has won a string of contracts off Statoil for its landmark Johan Sverdrup development worth NOK60million.
Shell pumps more cash into Corrib
Shell have pumped an extra EUR50million into its Irish operation as the EUR3.6billion Corrib Gas field begins to generate revenue.