Europe

Europe

Gazprom warns EU of impending gas crisis

20/01/2016

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.

Europe

Statoil chooses FPSO for Johan Castberg

19/01/2016

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.

Europe

Eni cleared to sell Saipem stake

12/01/2016

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.

Breaking