Regional News: Europe & Russia

 
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Total Steps Up Renewables Drive With EREN, GreenFlex Deals
Tuesday, September 19, 2017 Total steps up its expansion into renewables with investments in solar and wind energy producer EREN RE and energy efficiency firm GreenFlex.

EU Cuts Duties On Argentine Biodiesel, Challenge To Come
Tuesday, September 19, 2017 The European Union will lower import duties on Argentine biodiesel after the WTO ruled against initial measures.

Russia's Sistema Appeals Against Court Decision To Pay Rosneft
Tuesday, September 19, 2017 Sistema says it had appealed against a court ruling that it should pay damages to Rosneft.

Big Oil Becomes Greener With Progress in Cutting Pollution
Monday, September 18, 2017 It's no secret that oil majors are among the biggest corporate emitters of pollution.

Russia's Rosneft Clinches Gas Pipeline Deal With Iraq's Kurdistan
Monday, September 18, 2017 Rosneft will invest in gas pipelines in Iraq's autonomous Kurdistan, expanding its commitment to the region ahead of an independence referendum.

  


How to Become a Geologist
Friday, September 15, 2017 Petroleum geoscientists use a broad set of technical, conceptual and practical skills.

Ifax: Saipem To Conduct Feasibility Study On Rosneft Chemical Plant
Friday, September 15, 2017 Rosneft has commissioned Saipem to conduct a technical and commercial feasibility study of Rosneft's planned petrochemical plant.

French Nuclear Regulator Investigations Fuel Winter Supply Doubts
Friday, September 15, 2017 France could face a second winter of tight power supply as nuclear reactors undergo a review of hundreds of components and increased scrutiny demanded by the country's watchdog.

Netherlands To Receive LNG Cargo From US Sabine Pass Plant
Thursday, September 14, 2017 The Netherlands will receive its second-ever LNG shipment from Cheniere Energy's Sabine Pass export facility in the United States.

Oil, Gas Industry Leadership Group to Take on Work of Energy Jobs Taskforce
Thursday, September 14, 2017 After two years, the taskforce created by First Minister Nicola Sturgeon is disbanding.

Trafigura CFO Sees Puma Listing Within Five Years
Thursday, September 14, 2017 Puma Energy is likely to become a listed company within the next five years, Trafigura's CFO Christophe Salmon says.

Seadrill Files for Bankruptcy in Bid to Shrink Debt Burden
Wednesday, September 13, 2017 Seadrill files for bankruptcy protection after working out a deal with almost all its senior lenders to inject $1B of new money into the company.

IEA Sees Strongest Global Oil-Demand Growth in Two Years
Wednesday, September 13, 2017 Global oil demand will climb this year by the most since 2015, the IEA says, amid stronger-than-expected consumption in Europe and the US.

Norway Gas Pipeline Investors Go To Top Court Over Tariff Cut
Wednesday, September 13, 2017 A group of investors in Norway's gas pipeline network are going to the country's highest court in a final attempt to overturn a government decision to cut pipeline tariffs.

Aker BP Plans To Drill 6-8 Exploration Wells In 2018
Wednesday, September 13, 2017 Aker BP plans to drill between six and eight exploration wells off Norway next year, including four in the Barents Sea.

Kemp: Mind The Gap - Brent And WTI Point In Opposite Directions
Tuesday, September 12, 2017 Commodity markets abhor a gap and will find a way to arbitrage it away.

Glasenberg Emerges From Rosneft Flip With Oil Deal and Medal
Tuesday, September 12, 2017 Nine months after surprising the world with an $11 billion venture to buy a stake in Russia's state oil company, Glencore is selling most of it.

OPEC Sees Higher Oil Demand, Signs Of Tighter Market
Tuesday, September 12, 2017 OPEC forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market.

Once Fringe Players, Swiss Traders Grab $10 Billion Slice Of LNG Market
Tuesday, September 12, 2017 Swiss trading houses are muscling in on the global market for LNG, until now the preserve of energy giants, and expect to grab a $10 billion share of the rapidly growing business this year.

Norway's Right-Wing Government Wins Re-Election Fought On Oil, Tax
Monday, September 11, 2017 The oil industry could be affected by the vote, because Solberg will need support from two green-minded, centre-right allies to ensure a majority to pass legislation in parliament.

CEO: Russia's Rosneft Prepares For Oil At $40-$43 In 2018
Monday, September 11, 2017 Rosneft expects average global oil prices between $40 and $43 a barrel in 2018 and is preparing for such a level, Chief Executive Igor Sechin says.

Energean Gets Approval To Develop Field Offshore Greece
Friday, September 08, 2017 Energean says it secured approval to develop the Kataloko field in Western Greece, its third such project in the eastern Mediterranean.

Kemp: Oil Traders Expect A Tighter Market In 2018
Thursday, September 07, 2017 While the headlines have been dominated by the devastation wrought by Hurricane Harvey, oil traders have quietly become more bullish, or at least less bearish, about 2018.

JOGMEC Interested In Global Investments Including Rosneft
Thursday, September 07, 2017 JOGMEC is interested in investing in energy companies worldwide, including Russian state energy company Rosneft, JOGMEC President Keisuke Kuroki told reporters.

Oil Services Group Bourbon Sees Brighter Outlook After 1H Profit Slump
Thursday, September 07, 2017 Bourbon says that oil companies are restarting projects, which should help its business pick up after profits fell sharply in the first half.

Keel Laid for Fully LNG-powered Cruise Ship
Wednesday, September 06, 2017 AIDAnova to be first of seven LNG-powered cruise ships.

France Plans to End Oil Output by 2040 With Exploration Ban
Wednesday, September 06, 2017 France will stop granting new exploration permits next year as it seeks to end all oil and gas production by 2040, according to a draft bill presented at a cabinet meeting.

Norway Defends Tax Deductions On Arctic Drilling
Wednesday, September 06, 2017 Norway's plan to shield oil companies from UN fees if they produce oil far from land in environmentally sensitive Arctic regions is in line with long-standing tax policies, the Oil and Energy Ministry says.

Norway Receives More Bidders For Mature Areas Oil Licensing Round
Wednesday, September 06, 2017 Norway's licensing round to explore for oil and gas in mature offshore areas attracted bids from 39 companies.

Poland's PGNiG To Receive LNG Spot Delivery From Statoil In September
Tuesday, September 05, 2017 PGNiG says it will buy 140,000 cubic metres of LNG from Norway's Statoil on the spot market this month.

Storm Harvey Opens Up Rare Jet Fuel Exports from Europe to US
Friday, September 01, 2017 The US is usually a jet fuel exporter to Europe.

OPEC Oil Output Slips From 2017 High On Renewed Libyan Outages
Thursday, August 31, 2017 OPEC oil output has fallen this month by 170,000 bpd from a 2017 high, a Reuters survey finds.

Future Of Oil Takes Center Stage In Norwegian Election
Thursday, August 31, 2017 The future of Norway's oil sector is emerging as a key issue for voters in a Sept. 11 parliamentary election.

Offshore Start-Up Borr Drilling Aims To Expand Fleet, Keep Costs Low
Wednesday, August 30, 2017 The start-up, launched last year and backed by Schlumberger, said it aimed to have the lowest cash break-even costs in the industry.

Gazprom Says Sanctions Won't Stop Nord Stream 2 Pipeline Project
Wednesday, August 30, 2017 The Nord Stream 2 project to add a second Russian trans-Baltic gas export pipeline will be implemented regardless of how new US sanctions are interpreted, Gazprom says.

Russia's Gazprom Does Not Rule Out More LNG Flows To Europe From Rivals
Wednesday, August 30, 2017 Gazprom did not rule out an increase in liquefied natural gas flows to Europe from its rivals, a company official says.

Norway's Arctic Oil Ambitions Suffer As Most Promising Well Yields None
Tuesday, August 29, 2017 Norway's hope of discovering a large oilfield in the Barents Sea has suffered a major setback.

Russia's Gazprom 2Q Net Income Drops 80% YOY, Misses Forecast
Tuesday, August 29, 2017 Gazprom says its second-quarter net income fell by more than 80% year-on-year.

European Oil Product Margins Spike in Harvey's Wake
Tuesday, August 29, 2017 Buyers in the United States and in Latin America, which has been reliant on US exports, could turn to Europe, traders said.

Russia's Novatek Recommends 1H Dividend Of 6.95 rbls Per Share
Friday, August 25, 2017 The board of Russia's largest non-state gas producer Novatek has recommended a first-half dividend payment of 6.95 roubles per share.

German Chemical Industry Warns of Disruption After Rail Closure
Friday, August 25, 2017 Deutsche Bahn has said that Rhine Valley Railway line would remain closed until Oct. 7.

Germany's 'Diesel Fear' Sees $5 Billion in Used Cars Gather Dust
Thursday, August 24, 2017 Germany's back and forth over potential bans for diesel cars in cities is sapping demand for the vehicles and causing a backlog of used models on dealer lots.

Greater Engagement Needed to Keep Oil, Gas Staff
Thursday, August 24, 2017 More needs to be done by employers to ensure staff remain in the sector.

Oil Slump No Obstacle to 300% Return for Norwegian Driller
Thursday, August 24, 2017 While other offshore rig operators are still struggling to survive the worst oil-market slump in a generation, one Norwegian company has managed to turn things around.

Surviving Oil Crash, Norway's PM Builds Hope for Second Term
Wednesday, August 23, 2017 The economic recovery could be coming just in time for Norwegian Prime Minister Erna Solberg in her bid for a second term.

Russian Court Orders Sistema To Pay Rosneft $2.3B In Damages
Wednesday, August 23, 2017 Russian court ruled that conglomerate Sistema should pay more than $2.3 billion to Rosneft in a dispute over Bashneft.

Fire Breaks Out At Exxon's Refinery In Rotterdam, Netherlands
Tuesday, August 22, 2017 ExxonMobil says a fire broke out at its refinery in Rotterdam but that there were no injuries.