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.
Europe
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.
Norway reports production fall
The Norwegian Petroleum Directorate (NPD) today confirmed a fall in production.
Aker wins £357.5m deal with Statoil
Aker Soutions has won as string of Johan Casterberg orders with Statoil totalling £357.5million (NOK4billion).
Wood wins multi-million dollar deal in Germany
Wood has landed a multi-million deal for the engineering, procurement and construction management services for a new biotech facility to be built in Marburg, Germany.
Lundin spuds Barents well
Lundin Petroleum this morning confirmed it had kick-started drilling of exploration well 7219/12-3 on the Hurri prospect in PL533 in the southern Barents Sea.
Prospex says drilling under way in Po Valley, Italy
UK-based investment firm Prospex Oil and Gas said today that drilling had started on an appraisal well in Italy.
Europa celebrates busy year, expects ‘more of the same’ in 2017/18
Europa Oil and Gas narrowed its losses during a 2016/17 financial year marked by “record levels” of corporate activity at the AIM-listed company.
Statoil stops refinery leak, launches investigation
Statoil confirmed it has successfully stopped a hydrocarbon leak at its Mongstad plant, two hours after first raising the alarm.
Updated: Statoil evacuates Mongstad refinery after hydrocarbon leak
Statoil this morning raised the alarm after a naphtha leak on its Mongstad refinery in western Norway.
Fracking protesters brought to ground after climbing 60ft up rig
The operators of a controversial fracking site have rescued two protesters who broke in and climbed 60ft on to a platform.
Norway’s production falls
Norway's monthly production faltered.
Crisis exit brings relief to Norway’s $1trillion piggy bank
After being tapped over the past two years by politicians scrambling to plug budget holes, Norway’s massive $1 trillion wealth fund is about to get some relief.
Union Jack acquires onshore portfolio of Cairn subsidiary
Union Jack Oil today confirmed its takeover of Nautical Petroleum's onshore portfolio.
Rosneft acquires 30% stake in Zohr field in $1.1bn
Rosneft has acquired a 30% stake in the Zohr field, the largest gas field in the Mediterranean Sea.
Angus Energy kickstarts onshore drilling
Angus Energy has kickstarted its drilling onshore in the Lidsey Oil Field near Bognor Regis.
Statoil makes gas discovery in formerly disputed area
Statoil has made a gas discovery in the formerly disputed area between Norway and Russia.
Lundin tests wider potential for Alta discovery
Ludin Norway drilled a series of appraisal wells to scope out the wider potential of its Alta oil and gas discovery.
Fire reported at Exxon’s Rotterdam refinery
ExxonMobil said no injuries had resulted from a fire at its refinery in Rotterdam.
Aker BP snaps up drilling rig
Aker BP has awarded a contract to Odfjell Drilling for the semi-submersible drilling rig Deepsea Stavanger woth $68million.
Shell to supply to power in the UK
Shell Energy Europe will begin to supply electricity to industrial customers in the UK, the oil major revealed today.
Big Oil’s dream of $65billion hidden off Norway is fading away
Norway’s oil industry has been salivating for years over the Arctic Lofoten islands, which could hold billions of barrels of crude. It will likely have to keep dreaming.
Statoil makes gas discovery in Barents Sea
Statoil this morning confirmed a new gas discovery in the Barents Sea.
Amec wins Total refinery revamp deal
Amec Foster Wheeler has secured a contract for Total's Donges refinery.