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
Updated: Noreco’s Norwegian sell-off falls down after shareholder vote
Noreco's deal to sell its Norwegian petroleum business to Djerv Energi today fell down after failing to rouse enough shareholder support.
Statoil awards string of contracts, totalling NOK1.6billion
Statoil has awarded a string of major contracts for its Oseberg Vestflanken 2, Johan Sverdrup and Gina Krog developments.
Rockhopper losses out in Italy
Rockhopper's production plans in Italy have been shelved after its bid to circumvent an exploration ban failed.
Bristow wins NOK1billion Statoil contract
Statoil said it has awarded Bristow Norway contracts for personnel transportation from Bergen and Floro from next year.
Norway to buy record amount of Kroner as oil price crash stings
Norway’s central bank raised krone purchases by 80 percent to a record in February as Scandinavia’s richest nation takes a hit from the collapsing price of Brent crude.
Lundin Petroleum doubles production for 2016
Lundin Petroleum said it will cut its 2016 capital spending by 26% compared to last year while doubling its production guidance.
Archer gets all clear in PSA safety audit
The Norwegian PSA (Petroleum Safety Authority) has carried out an audit to verify Archer has been complying with improvements in relation to major accident risk reduction.
Statoil gains PSA consent for Bideford Dolphin to drill offshore
Statoil has been granted consent to use the Bideford Dolphin mobile drilling facility to drill a sidetrack on the Vigdis field.
First Integrated Solutions forms strategic partnership
First Integrated Solutions have formed a strategic partnership with Norwegian firm GS Oiltools. The move will see both companies cooperating on lifting and inspection operations as well as ATEX rated heaters, lighting systems and hydraulic tool supply.
UKOG triples resource base with 219million gain
UK Oil & Gas tripled its resource base overnight after Xodus pegged its Arreton prospects to contain 219 million barrels.
SSE to cut gas prices by 5.3%
Energy giant SSE is to cut its standard gas prices by 5.3% in the latest move by a Big Six supplier to reduce tariffs.
BP to make 210 job losses in Norway
Oil major BP said it will reduce its headcount by 210 positions in Norway in the next two years. The move comes after 166 job losses last year.
Prosep appoints sales manager to drive deals in Norway
Prosep said it has appointed a new sales manager in Norway.
Wintershall to delay concept selection for Skarfjell project
Wintershall has delayed a decision on a concept selection for its Skarfjell project off the coast of Norway.
China clears Shell-BG Group deal
China’s government has approved Shell’s £47billion takeover of BG Group, a Ministry of Commerce spokesman has confirmed. This means that Shell has passed the last anti-monopoly review prior to the completion of the acquisition. Shell is expected to account for some 30% of China’s total natural gas imports by 2017, according to available statistics.
German study says domestic shale production possible
Tapping Germany's shale gas and oil without damaging drinking water is possible, although the size of reserves is slightly smaller than previously estimated, the author of a federal study said today.
High winds halt tanker berthings at Sullom Voe
Oil tanker berthings at the Sullom Voe oil terminal in Shetland have been suspended until at least the early hours of tomorrow morning because of high winds, port authority and trade sources said today.
Irish Energy Minister opens Shell’s Corrib gas project
Oil major Shell’s Corrib gas project was officially opened in Co Mayo yesterday by the Minister of State for Natural Resources.
Statoil remains tight-lipped over voluntary redundancies
Statoil is remaining tight-lipped about how many people have applied for voluntary redundancy with the company. Last year the Norwegian operator revealed it had offered the packages to its Norwegian staff.
Repsol sells stake in piped gas business for €136million
Repsol has sold its piped gas business in the north of Spain to EDP Group and Gas Extremadura for €136million.
Aker lands Statoil deal, weeks after missing out and issuing jobs warning
Aker Solutions landed deal with Statoil for its Johan Castberg oil field development in the Barents Sea.
Corrosion Solutions completes sale of business to Norwegian company
The founder of an Aberdeen corrosion company has joined forces with a larger Norwegian group as part of a global expansion plan. Allan Durham, the owner and managing director of Corrosion Solutions (CSL) has completed the sale of the business he founded in 1998 to Stavanger-based Presserv. The value of the transaction was not disclosed.
Trudeau warns Hollywood actor to tone down oil and gas criticism
The newly-elected Canadian Prime Minister Justin Trudeau has called on Hollywood actor Leonardo DiCaprio to tone down his “inflammatory rhetoric” on climate change. The politician made his remarks after the Oscar-nominee hit out at the “corporate greed” od the oil and gas industry.
Lundin Petroleum commences drilling on the Fosen prospect
Lundin Petroleum said it has commenced drilling of exploration well 16/4-10 on the Fosen prospect. The well is 27km south of the Edvard Grieg field and 11km south of the Luno II discovery on the Norwegian Continental Shelf.
Statoil chief exec says he can’t afford “$100 way of thinking”
Statoil’s chief executive Eldar Saetre said he “can’t afford the $100 way of thinking” as oil prices continue to decline. The boss of the Norwegian operator said oil companies have become too accustomed to a high oil price.