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
Engi to downsize staff in Norway for first time
Engi said it will reduce its headcount in Norway in a first time move for the company in the region.
Songa looks to refinance after Statoil calls time on contracts
Songa Offshore said it plans to issue a convertible bond of $100million with an option to increase it by a further five million as it looks to complete comprehensive refinancing.
History will mark Goliat project as a “success”,says Eni director
A director at Eni said its Goliat oilfield project could still be profitable even below $50 a barrel oil.
Aker Solutions to make 600 further job losses
Aker Solutions said it plans to make 600 further job losses from the company as it looks to streamline costs.
Egdon reports onshore duster in Lincolnshire
Egdon Resources has completed its drilling operations at the Laughton-1 conventional exploration well in Lincolnshire with little hydrocarbons to show for it.
Wintershall granted drilling permit in Norwegian North Sea
Wintershall has been granted a drilling permit from the Norwegian Petroleum Directorate (NPD) for well 35/8-6 S.
Safe Scandinavia gears up for Statoil work
Prosafe said the Safe Scandinavia has completed onshore acceptance testing and is now being mobilised to the Oseberg Ost installation to commence drilling support operations for Statoil.
COSL Drilling to axe 230 jobs
COSL Drilling Europe said 230 jobs will go after Norwegian operator Statoil cancelled a contract with the company.
Reduced flow rates sends Sound Energy back to the drawing board
Sound Energy confirmed it would carry out a series of tests after identifying reduced well pressure in its Nervesa development.
Eni confirms production start-up from Norwegian first
Eni confirmed it had successfully started production on its landmark Goliat oilfield, two years after its initial first oil target day.
InfraStrata commences wellsite construction for Woodburn Forest-1
InfraStrata said wellsite construction has commenced for the Woodburn Forest-1 well in Northern Ireland.
Statoil decides not to proceed with European business centre
Norwegian operator Statoil said it has decided not to proceed with evaluations of a potential business centre in Europe.
Norwegian Investment Bank predicts oil industry deals to surge
Deal-making in the oil industry is about to jump.
Statoil awarded drilling permit from NPD
Statoil has been awarded a drilling permit by the Norwegian Petroleum Directorate (NPD) from well 30/11 in the Norwegian Sea.
Future of Norwegian oil and gas industry to be decided by those not “born yet”
Norway’s Prime Minister said workers who will decided the fate of the country’s oil industry had not even been “born yet” as it was revealed jobs would continue to be lost this year. Erna Solberg spoke at the annual conference of the Norwegian Oil Industry Association in Oslo.
Oil and gas manufacturing plant makes 60 redunancies
A manufacturing plant for oil and gas products in Norway said it will reduce its headcount by 60 positions.
Norway wealth fund keeps buying as struggling petro-states sell
Norway will remain a bulwark against global stock declines as its sovereign wealth fund, the world’s biggest, proves to be an odd-ball among oil-built investment vehicles.
Russia’s dilemma: Squeeze oil industry without strangling growth
While the world focuses on Russia’s oil- freeze talks with OPEC, there are discussions behind closed doors in the Kremlin that will have a much more significant impact on the nation’s energy industry.
Unions say Statoil COSL sideline could cost 600 jobs
Unions have hit out at Statoil’s decision to cut ties with COSL, insisting the move puts 600 jobs at risk.
EDF CFO said to resign over UK Hinkley Point disagreement
Electricite de France SA’s Chief Financial Officer Thomas Piquemal quit last week after disagreeing with Chief Executive Officer Jean-Bernard Levy on the timing of a plan to build new nuclear reactors at Hinkley Point in the U.K., people with knowledge of the matter said.
Petroceltic to suspend shares amid uncertainty
Petroceltic today confirmed it would suspend its shares from trading on AIM, London’s junior stock exchange, effective immediately amid financial uncertainty.
Petroceltic urges shareholders take no action over bargain bin offer
Petroceltic said it is unable to give shareholders a firm recommendation to either accept or reject the 3pence per share offer from Sunny Hill capital to buy the company.
Dong expands LNG trading unit as global volumes rise
Dong Energy is expanding its liquefied natural gas trading business to profit from more global supply heading to Europe.
Horse Hill well plugged to carry out pressure test
The companies behind The well drilled on the Horse Hill oil project near Gatwick Airport said has been temporarily plugged to carry out a pressure test.
Statoil awarded six Irish licensing options
Statoil has re-entered the Irish exploration region after being awarded six Licensing Options in Ireland’s 2015 Atlantic Margin Licensing Round.
