Statoil’s chief executive Eldar Saetre said he “can’t afford the $100 way of thinking” as oil prices continue to decline. The boss of the Norwegian operator said oil companies have become too accustomed to a high oil price.
Aker Solutions today confirmed it had launched a five-month test programme for its carbon capture scheme in Norway.
JKX has blocked a pair of companies from attending or voting at is general meeting.
JKX Oil & Gas has been granted a further three licences in Hungary. The company said they will be three 35-year production licences covering an additional area of 124sq km within its original Hernad I and II exploration licence areas.
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.
Faroe Petroleum said it has been awarded six new exploration licenses in Norway. The company said it includes two operatorships under the 2015 Norwegian APA licence round.
JKX Oil & Gas has received backing from corporate governance specialist ISS in rejecting all resolutions proposed by Proxima Capital Group which is accused of trying to "seize control" of the company.
Eni has been given conditional consent to start using its Goliat FPSO (floating, production, storage and offloading) vessel by the Norwegian Petroleum Safety Authority.
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.
Norwegian operator Statoil is looking to reactivate a suspended rig to carry out well plugging work in the North Sea. The Scarabeo 5 had previously been suspended by the company from October last year.
Irish gas storage firm Infrastrata has secured funding drill a well at the Woodburn Forest project, onshore Northern Ireland.
The drop in global oil price has meant a decrease in Norway’s overall tax revenue since last year.
Norwegian operator Statoil will cut the development costs at the Johan Sverdrup field. The company’s partner,Det Norske Oljeselskap, said the move was being made as low oil prices continue.
Exillon Energy, the oil producer with assets in the Timan-Pechora and West Siberia regions of Russia, said average unaudited daily production was 15,298 barrels of oil per day in December, down slightly from 15,461 bopd in November.
Rosneft and BP have dissolved their existing refining joint venture at Ruhr Oel in Germany.
French energy firm Engie has confirmed that deputy chief executive Isabelle Kocher will take over the top job in May.
Frontera Resources continues operations to unlock what its chairman described as the "giant oil and gas potential" of the South Kakheti gas complex in Georgia.
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.
Regal Petroleum will pay less on its gas production in the Ukraine after the government decided to halt an emergency tax rate on the country's oil and gas production.
Investment firm Prospex Oil & Gas has agreed its first conditional acquisition since converting into an AIM investing company in April last year with a deal to buy a 49% stake in Hutton Poland.
JKX Oil & Gas said it welcomed the Ukraine government's decision to cut gas production tax in the country to 29% from 55%.
Amec Foster Wheeler has been awarded the engineering, procurement and construction contract by Sweden's Preem for a new vacuum distillation unit (VDU) at its Lysekil refinery.
Oil firm Total has been fined £1,125,000 for breaching offshore regulations which led to a major gas leak on one of its North Sea installations.
Providence Resources, the Irish based oil and gas exploration company, has entered into an exclusive agreement to acquire a 60% share in an option adjacent to the Barryoe oil field in the North Celtic Sea Basin.
Falcon Oil & Gas will receive $3.7million from Serbian oil company NIS following the termination of the oilfield services contract signed between the two companies in 2013.