Fyne news: Oil field project hits key regulatory milestone
The Fyne oil field, which is being developed by Rapid Oil, Ping Petroleum and Hibiscus Petroleum, has moved from the assessment phase into the authorisation phase.
The Fyne oil field, which is being developed by Rapid Oil, Ping Petroleum and Hibiscus Petroleum, has moved from the assessment phase into the authorisation phase.
By Michael BehrInvestors in French oil major TotalEnergies (LON: TTE) will call for the division of the role of CEO and chairperson of the company, claiming this could speed up its transition towards clean energy.
First-of-its kind case leads to landmark climate ruling, which is likely to have ramifications across Europe.
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.
Statoil has agreed to sell its 20% stake in the Trans Adriatic Pipeline to Italian gas infrastructure firm Snam for EUR208million.
Lukoil, Russia’s second largest oil producer, said third-quarter profit dropped 62% after crude prices fell amid the global supply glut.
InfraStrata, the independent petroleum exploration and gas storage company, has completed its 2015 work programme on the Islandmagee gas storage project in Northern Island, allowing it to start the process of attracting investors to the project.
Russia's plans to extend its gas link to Germany run counter to EU interests and risk further destabilising Ukraine, 10 European governments said in a letter to the European Commission that called for a summit-level debate on the issue.
Russian Energy Minister Alexander Novak said Moscow would cut gas supplies to Ukraine this week because Kiev had not paid up front for more gas and might also halt coal supplies to Ukraine in retaliation for a power blackout of Crimea.
Lundin Petroleum has commenced drilling the exploration well 7130/4-1 on the Ørnen prospect.
BG Group has taken a 35% holding in Block 12 offshore Cyprus which includes the Aphrodite gas discovery.
A plan for developing Norway's Zidane natural gas field could be presented in the second or third quarter of 2016, with the early parts of summer being the most likely time frame, Austria's OMV has indicated.
Urals Energy snapped up two private Russian companies, RK-Oil and BVN Oil for almost $5.3million.
San Leon Energy has spudded a new well in Poland as it continues it exploration focus in Europe and North Africa.