Exxon’s loss in European court could boost carbon market
ExxonMobil’s loss in a court case in Europe may translate into a gain for carbon prices in the continent’s emissions trading system.
Europe
Wood grows chemicals business with new contract in Germany
Aberdeen-headquartered Wood has been picked for a construction job at a chemicals plant in Germany.
Europeans have bigger issues than Brexit
For our European neighbours, there are other big issues around apart from Brexit.
ExxonMobil makes ‘world-leading’ discovery offshore Cyprus
US major ExxonMobil has made a huge gas find off the coast of Cyprus, which is being touted as one of “the biggest discoveries of the year”.
‘Frustrated’ Providence delays Barryroe survey after legal challenge
Providence Resources has decided to hand in a fresh application for surveys on the site of the Barryroe field following a legal challenge.
Wintershall Dea’s chief financial officer appointed
BASF and LetterOne have agreed to hire Paul Smith as future chief financial officer of Wintershall DEA.
Updated: Providence shares soar as extra wells added to Barryroe drilling campaign
Shares in Providence Resources jumped by almost 10% in London this morning after the Irish oil firm beefed up its drilling programme for the Barryroe field.
Total completes Irish oilfield acquisition
Providence Resources said today that it had completed the divestment of a 35% stake in an Irish oilfield to Total.
Ineos to build £2.4bn plant in Europe
Ineos has committed to building a £2.4 billion ethane cracker and a propane dehydrogenation unit in northern Europe.
Seismic vessel gears up for Newgrange data gathering mission
Irish oil explorer Providence Resources said today that Gardline's M/V Kommandor survey vessel was en route to the Newgrange prospect, where it will conduct a seismic data shoot.
As Trump riles Europe on trade, Putin offers more natural gas
As Donald Trump’s trade policy risks worsening economic conflict with the European Union, Russia’s Vladimir Putin is strengthening ties with the region.
Baker Hughes, GE to weigh up LNG plant job in Italy
Baker Hughes, a GE company (BHGE) will help develop infrastructure to boost sustainable mobility in heavy duty trucks in Italy.
Russia tightens grip on Europe’s gas supply with Gazprom deal
Russia’s natural gas export monopoly is set to expand its position as the dominant fuel supplier to Europe after a deal between the two resolved a seven-year-old anti-trust dispute.
Norwegian gas exporter warns Europe may be on verge of blackouts
Europe is facing power generation capacity shortages and may even risk blackouts without additional use of natural gas, one of the continent’s biggest producers of the fuel said.
Farm-outs ‘shore up’ Providence finances, bring Barryroe oil closer
Providence Resources’ boss said today that farm-out deals had helped the Irish explorer “shore up” its finances and bring first oil from the Barryroe discovery closer.
Heerema to close pipe laying division, 350 redundancies expected
Dutch firm Heerema Marine Contractors (HMC) will lay off 350 workers after deciding to close down its offshore pipe laying business.
Total strikes £1.2bn deal for European utility
Energy giant Total has struck a deal to buy 74.33% of European utility firm Direct Energie for £1.2billion.
Chinese firm buys into Irish offshore oil field
Providence Resources said today that Chinese firm Apec will buy into the Barryroe oil field, off the south coast of Ireland.
Energean hopes to raise £360m in IPO
Energean said today it plans to forge ahead with an initial public offering.
Groningen production restrictions to prove costly for Dutch government, says WoodMac
Planned production cuts to the Europe’s largest gas field is to cost the Dutch state-run Enrgie Beheer Nederlands $5billion over the life of the field as well as cause the continent to look elsewhere for supply, according to analysts Wood Mackenzie.
“Major intervention” needed after production around Dutch gas field brings powerful earthquakes
The Netherlands’ Climate minister has been warned production needs to be reduced significantly around a major gas field following a series of increasingly powerful earthquakes.
Western Europe’s biggest oil producer is getting another fix
A rally in the price of black gold is giving Norway another fix.
Iceland’s oil dream in peril as China, Norway give up last block
Iceland’s hope of finding oil offshore its coast is fading after China and Norway decided to back out of the island nation’s only remaining exploration license.
Tulip to develop Q10 field in North Sea
Tulip Oil has decided to press ahead with the development of the Q10 gas field in the North Sea.
Output from Dutch gas field to be reduced after earthquake
Dutch operator NAM has proposed reducing output from the Groningen gas field after an earthquake struck the area earlier this week.