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
Aker launches test programme for CO2 Capture project in Norway
Aker Solutions today confirmed it had launched a five-month test programme for its carbon capture scheme in Norway.
JKX blocks pair from voting in general meeting
JKX has blocked a pair of companies from attending or voting at is general meeting.
JKX Oil & Gas wins three Hungarian licences
JKX Oil & Gas has been granted a further three licences in Hungary. The company said they will be three 35-year production licences covering an additional area of 124sq km within its original Hernad I and II exploration licence areas.
Gazprom warns EU of impending gas crisis
Gazprom has warned the EU of a wide-scale gas market crisis and underinvestment amid falling commodity prices unless Brussels revises its "contradictory" energy policies.
Faroe Petroleum gains six new licences in Norwegian round
Faroe Petroleum said it has been awarded six new exploration licenses in Norway. The company said it includes two operatorships under the 2015 Norwegian APA licence round.
JKX gets backing in feud with Russian investor
JKX Oil & Gas has received backing from corporate governance specialist ISS in rejecting all resolutions proposed by Proxima Capital Group which is accused of trying to "seize control" of the company.
Eni receives consent from PSA for Goliat FPSO
Eni has been given conditional consent to start using its Goliat FPSO (floating, production, storage and offloading) vessel by the Norwegian Petroleum Safety Authority.
Statoil chooses FPSO for Johan Castberg
Norwegian operator Statoil has decided to develop its Johan Castberg discovery in the Barents Sea using an FPSO (floating, storage and offloading vessel). The company’s chief executive Eldar Saetre told a seminar in Norway that the planned concept would work well in moving the project forward at a lower cost.
Statoil finds temporary work for Scarabeo 5 rig
Norwegian operator Statoil is looking to reactivate a suspended rig to carry out well plugging work in the North Sea. The Scarabeo 5 had previously been suspended by the company from October last year.
Infrastrata secures partners to progress NI onshore well
Irish gas storage firm Infrastrata has secured funding drill a well at the Woodburn Forest project, onshore Northern Ireland.
Drop in oil price dents Norway’s overall tax revenue in 2015
The drop in global oil price has meant a decrease in Norway’s overall tax revenue since last year.
Statoil to cut development costs on Johan Sverdrup field
Norwegian operator Statoil will cut the development costs at the Johan Sverdrup field. The company’s partner,Det Norske Oljeselskap, said the move was being made as low oil prices continue.
Exillon production figures down in December
Exillon Energy, the oil producer with assets in the Timan-Pechora and West Siberia regions of Russia, said average unaudited daily production was 15,298 barrels of oil per day in December, down slightly from 15,461 bopd in November.
Rosneft and BP dissolve refining joint venture
Rosneft and BP have dissolved their existing refining joint venture at Ruhr Oel in Germany.
Isabelle Kocher set to lead Engie
French energy firm Engie has confirmed that deputy chief executive Isabelle Kocher will take over the top job in May.
Frontera continues to unlock “giant oil and gas potential” in Georgia
Frontera Resources continues operations to unlock what its chairman described as the "giant oil and gas potential" of the South Kakheti gas complex in Georgia.
Eni cleared to sell Saipem stake
Italy’s Eni has confirmed the European Commission has cleared its plans to sell a 12.5% stake in fellow Italian firm Saipem. The Commission has published its authorisation for the transaction following the positive outcome of the anti-trust procedure.
Regal Petroleum gets tax break in Ukraine
Regal Petroleum will pay less on its gas production in the Ukraine after the government decided to halt an emergency tax rate on the country's oil and gas production.
Prospex makes first Polish acquisition
Investment firm Prospex Oil & Gas has agreed its first conditional acquisition since converting into an AIM investing company in April last year with a deal to buy a 49% stake in Hutton Poland.
Ukraine gas tax cut welcomed by JKX
JKX Oil & Gas said it welcomed the Ukraine government's decision to cut gas production tax in the country to 29% from 55%.
Amec Foster Wheeler wins Preem refinery contract in Sweden
Amec Foster Wheeler has been awarded the engineering, procurement and construction contract by Sweden's Preem for a new vacuum distillation unit (VDU) at its Lysekil refinery.
Total fined more than £1million following major gas leak on North Sea platform
Oil firm Total has been fined £1,125,000 for breaching offshore regulations which led to a major gas leak on one of its North Sea installations.
Providence agrees 60% share in Irish Sea option
Providence Resources, the Irish based oil and gas exploration company, has entered into an exclusive agreement to acquire a 60% share in an option adjacent to the Barryoe oil field in the North Celtic Sea Basin.
Falcon agrees $3.7million settlement with NIS
Falcon Oil & Gas will receive $3.7million from Serbian oil company NIS following the termination of the oilfield services contract signed between the two companies in 2013.
Statoil to sell TAP pipeline stake to Snam
Statoil has agreed to sell its 20% stake in the Trans Adriatic Pipeline to Italian gas infrastructure firm Snam for EUR208million.
