Shares in Irish oil explorer Providence Resources sank in London yesterday after the firm confirmed it would seek a new partner for its Barryroe asset off the south coast of Ireland.
Gulf Marine Services (GMS) has made progress in shoring up its future but much rests on its negotiations with lenders.
London-listed Solo Oil is cutting assets it no longer sees a future in and shaking up its personnel, in part of its drive to become a mid-cap exploration and production company.
Novatek has signed deals with Mitsui OSK Lines (MOL) and the Japan Bank for International Co-operation (JBIC) on its LNG transhipment projects.
Total’s investor presentation walked a fine line between commitments to new projects and steps to secure the confidence of investors.
Finland’s NEOT has become the first company to bunker LNG from the Kairos vessel, in Sweden’s Port of Södertälje.
Even the seller of natural gas from Europe’s largest field was taken aback by the Dutch government’s decision last year to close it forever.
Neptune Energy will acquire interests in a number of oil and gas fields in Emsland and the Grafschaft Bentheim region in Germany from Wintershall Dea.
ExxonMobil’s loss in a court case in Europe may translate into a gain for carbon prices in the continent’s emissions trading system.
Aberdeen-headquartered Wood has been picked for a construction job at a chemicals plant in Germany.
For our European neighbours, there are other big issues around apart from Brexit.
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”.
Providence Resources has decided to hand in a fresh application for surveys on the site of the Barryroe field following a legal challenge.
BASF and LetterOne have agreed to hire Paul Smith as future chief financial officer of Wintershall DEA.
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.
Providence Resources said today that it had completed the divestment of a 35% stake in an Irish oilfield to Total.
Ineos has committed to building a £2.4 billion ethane cracker and a propane dehydrogenation unit in northern Europe.
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 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, a GE company (BHGE) will help develop infrastructure to boost sustainable mobility in heavy duty trucks in Italy.
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.
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.
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.
Dutch firm Heerema Marine Contractors (HMC) will lay off 350 workers after deciding to close down its offshore pipe laying business.
Energy giant Total has struck a deal to buy 74.33% of European utility firm Direct Energie for £1.2billion.
