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
Total’s wildcat comes up dry
Total Norge’s wildcat failed to yield a return.
Noreco Norway pulls plug on activity as sale nears
Noreco Norway today confirmed it has sold its remaining exploration licences, employees and a cash balance of NOK45million to Det norske oljeselskap.
Europa Oil & Gas seeks farm-in partner after stellar offshore trio bulks portfolio
Europa Oil & Gas today said a trio of offshore finds will add 895 million barrels of oil equivalent (boe) to its portfolio.
Eni postpones start-up from Goliat field once again
Eni has postponed start-up from the Goliat field once again.
Plexus wins additional purchase order from Det Norske
Plexus Holdings has received an additional purchase order from Det Norske to supply surface wellhead and mudline equipment services for an exploration well offshore Norway.
Wood Group’s $120million win with Babcock will support 400 jobs
Wood Group has landed a $120million contract with Babcock International.
Semco Maritime wins Island Innovator contract
Semco Maritime has won a contract to perform repairs and service the Island Innovator rig.
JKX Oil and Gas warns of $41million Ukranian liabilities
JKX Oil & Gas has highlighted potential liabilities of $41 million from its Ukrainian operation as the company's management seeks to restore investor confidence by offering more information about its operations.
MOL Group reports $1.6billion loss
Hungarian energy group Mol said it will scale back investment and target lower earnings after plunging oil prices caused a revaluation of its assets and led to a fourth-quarter loss.
Shell agrees deepwater Bulgarian oil and gas exploration deal
Shell has agreed a deal with the Bulgarian government to explore for oil and gas in an offshore block in the Black Sea in a bid to end its almost total dependence on Russian natural gas.
NU-Oil gets lease for Irish oil discoveries
NU-Oil and Gas has been granted a two-year lease on its farm-in to the Helvick oil field and Dunmore oil discovery offshore Ireland.
Statoil hands out ISO contract
Statoil has awarded the NOK1.1billion 10-year contract for insulation, scaffolding and surface treatment maintenance services at Sture and Kollnes to services company Prezioso Linjebygg.
Statoil abandons plans for Snorre platform
Statoil has abandoned plans for a new platform to develop its Snorre 2040 project off Norway.
Det norske reports fourth quarter loss
Norway's Det norske saw its 2015 final quarter results dip as revenue fell on the back of the low oil price.
Olympic staff agree to 6% pay cut to save jobs
Staff working for offshore ship owner Olympic in Norway have agreed to a 6% pay cut in a bid to save workers’ jobs.
Forsys Subsea wins Statoil Trestakk contract
Forsys Subsea has been awarded a contract from Statoil to provide a subsea front-end engineering study for subsea tie-back of Trestakk field to Asgard A FPSO in the Norwegian Sea.
Polarcus wins 4D seismic survey contract
Polarcus has received a Letter of Intent for a 4D project over a field offshore Norway.
Technip lands pair of Statoil contracts
Technip landed two lump sum contracts for Statoil's Johan Sverdrup Development and the Oseberg Vestflanken 2 projects.
Aibel wins Johan Sverdrup study work
Aibel has been awarded work on a study for Statoil’s Johan Sverdrup development.
Hess sells Shannon LNG assets
US oil giant Hess has sold its Shannon LNG assets, according to reports.
Statoil delays Scarabeo 5 rig start-up till May
Statoil has delayed new work for the Scarabeo 5 rig until May.
Almaco wins cabin contract for Johan Sverdrup
Almaco Group has been awarded a contract from Statoil to build 450 modular cabins for the Johan Sverdrup fixed platform.
Investigation completed by PSA into falling objects at Nyhamna
The Norwegian Petroleum Safety Authority (PSA) has completed an investigation into Norske Shell and contractors’ own follow-up of incidents involving objects last year at Nyhamna.
Statoil considers further platform for Johan Sverdrup field
Statoil plans to build another platform on the Johan Sverdrup field, according to reports.
Sound Energy delivers first gas in Italy
Sound Energy has achieved first commercial production at the operated onshore Nervesa gas discovery in Italy.
