Danish helicopter operator Uni-Fly expands into offshore oil and gas flights
Danish helicopter firm Uni-Fly appears to be further expanding into offshore oil and gas operations with AW169 contracts in Spain and the Southern North Sea.
Europe
European Oil and Gas news
Equinor Q1 results beat forecasts thanks to production growth
Equinor (OSLO: EQNR) has beaten forecasts to deliver higher than expected first-quarter results, boosted in part by higher production thanks to its stake in the UK’s Buzzard field.
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.
Shareholders to pitch splitting TotalEnergies CEO and chairperson roles
Investors 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.
All Europe Posts
Sound Oil on track in Italy
Sound Oil has confirmed that it is still on track for production from its Nervesa gas discovery in Italy by the end of the year.
Europa eyes extra oil from Lincolnshire prospect
Europa Oil & Gas believes there may be more oil in its Lincolnshire well than it had earlier thought.
Total offloads Turkish retail network for $356million
Total has agreed to offload its service station network and commercial assets in Turkey to the Demirören conglomerate for $356 million.
Rockhopper eyes cash boost from new Mediterranean well
UK independent Rockhopper Exploration hopes to boost its coffers following the completion of a new sidetrack well in the Mediterranean.
Unite seeks U-turn on North Sea ‘copters decision
The Unite union has called on the UK Government to “urgently revisit” the recommendation of the previous parliament’s transport select committee for a public inquiry into offshore helicopter safety.
Lansdowne comes up dry in Celtic Sea
Lansdowne Oil and Gas, the independent oil and gas company focussed on offshore Ireland, has drilled a dry well in the Celtic Sea.
Galicia Energy to sell Ukraine licence
Galicia Energy has reached an agreement in principle to sell its the licence for its Ukraine oil and gas asset.
Rockhopper moves ahead with Italian field development
Rockhopper has received approval from the Italian government for its environmental impact assessment of the Ombrina Mare field development in the Mediterranean. The move comes on the same day it struck a deal with Beach Energy for the acquisition of a number of assets in Egypt.
Lukoil borrows $1billion for Asian gas project
Lukoil has agreed a $1 billion dollar loan agreement with a consortium of banks to ensure the company’s participation in the next stage of giant Shah Deniz gas field development in Azerbaijan.
Sound Oil changes name to Sound Energy
An increasing focus on gas production has led Sound Oil to change its registered name to Sound Energy.
Songa Offshore hits 100% operational efficiency thanks to Statoil
Drilling contractor Songa Offshore has issued a July fleet update.
Sound secures Italian job with Shell
Sound Oil, the Mediterranean focused upstream gas company, has signed a gas sales agreement with Shell for the Casa Tonetto production concession.
Poland’s PGNiG to begin German oil and gas exploration
Poland's biggest gas distributor PGNiG will start oil and gas exploration in eastern Germany, as part of a bigger plan to boost production assets outside Poland.
Edison Norge comes up dry on North Sea well
Edison Norge's first exploration well for its North Sea licence has come up dry. The company said the wildcat well 2/11-11 was drilled about seven kilometres southwest of the Valhall field and about five kilometres west of the Hod field.
Galicia Energy exits Polish project
Galicia Energy Corporation has exited from its 24% interest in the Bieszczady project in Poland.
San Leon drops Polish licences
The company revealed in June it planned to reduce exploration activity and refocus on appraisal, development and production to secure operational cash-flow. In line with this decision, San Leon has relinquished four licences, in addition to PKN Orlen taking on its interests in several other blocks.
Technip secures trans-Adriatic pipeline contract
Technip has secured a project management services contract with Trans Adriatic Pipeline (TAP) to transport gas from the Shah Deniz field to the European market.
Sound Oil secures Italian job
Sound Oil, the Mediterranean focused upstream gas company, can begin commercial production from the onshore Casa Tonetto production concession after receiving the go-ahead from the Italian government.
Ukraine raises gas imports from Slovakia
Ukraine will take about 21 percent more gas from Slovakia to boost deliveries to underground storage after the country suspended imports from Russia over a pricing dispute, transport monopoly Ukrtransgaz said on Friday. Ukraine plans to import 16.5 million cubic metres (mcm) of gas on Friday from Slovakia, up from daily imports of 13.6 mcm so far this month, a spokesman for the company said. He said Ukraine pumped 27 mcm of gas per day from July 1-9 and collected 12.2 billion cubic metres of gas in reserves as of July 10.
EU energy regulator to get enforcement powers
EU energy regulator ACER, until now largely toothless, will be given legal powers to enforce plans for a single energy market that breaks down national barriers under a proposal from the bloc's executive arm. At a conference on Thursday in Slovenia, where the Agency for the Cooperation of Energy Regulators is based, European Commission Vice President Maros Sefcovic and Energy Commissioner Miguel Arias Canete laid out their plans to bolster ACER. Already next week in Brussels, the Commission will publish its thoughts on how to improve cross-border power and gas flows to try to bring down energy costs and curb the need for fossil fuels imported from nations such as Russia.
Russia’s Gazprom cancels Saipem deal on the Black Sea gas pipeline
Russia's Gazprom has cancelled a contract with Italian oil services group Saipem to build the first line of a gas pipeline beneath the Black Sea, the Russian state gas company said in a statement on Wednesday. Gazprom said it will start talks with other potential contractors to build the first line of the Turkish Stream pipeline, which would run beneath the Black Sea to Turkey. The project would consist of four lines, each capable of carrying 15.75 billion cubic metres of gas per year. Saipem said last month it was asked by Gazprom to start work on a pipeline under the Black Sea, which should avoid Ukraine as a transit country for roughly half of Russian gas shipped to Europe.
Chinese firm invests in East Siberian oilfield
A small Chinese energy firm has signed a deal with a state-controlled Russian oil company to invest in an East Siberian oilfield project. CEFC China Energy signed the deal with Gazprom Neft, the oil arm of Russia's top natural gas producer, on July 6, according to a statement on the Shanghai-based company's website. The private chemicals and fuel company said it is investing in three blocks holding 1.9 billion barrels of oil in the Baikal project, 90 kilometres away from the East Siberia-Pacific Ocean (ESPO) pipeline that supplies China with Russian oil.
Romanian prosecutors seize Lukoil assets in probe, report says
Romanian prosecutors seized assets of Russian oil firm Lukoil worth up to 2 billion euros ($2.22 billion) in an investigation on suspicion of money laundering, a local court was quoted as saying on Wednesday by state agency Agerpres. In October of last year Romanian prosecutors, police and customs inspectors raided the offices of Lukoil near the city of Ploiesti in an investigation into alleged tax evasion and money laundering concerning an estimated 230 million euros. As a result, Lukoil briefly shut down its local refinery.
Russia’s Rosneft signs preliminary deal to buy into Essar’s Vadinar refinery
Russia's top oil producer Rosneft has made a significant step in its efforts to expand its global reach by signing a preliminary deal with Essar Group about acquiring up to 49 percent of the Vadinar oil refinery in India. Rosneft, the world's top listed oil producer, has long sought to increase its exposure to the global markets but its efforts have been hampered by Western sanctions over Moscow's role in the Ukraine crisis. State-controlled Rosneft said on Wednesday that it has also finalised a deal to supply 10 million tonnes of oil a year (200,000 barrels per day) to the refinery over 10 years.
In shale-wary France, an attempt to revive former coal region with gas
France could get the equivalent of 10 years of gas consumption by exploiting the methane trapped in the former coal mines of its deprived eastern regions, a French company running a rare domestic exploration programme said on Wednesday. France, which slammed the door on developing shale gas due to environmental concerns and blocked many exploration permits, has discretely supported efforts by Française de l'Energie, based in the Lorraine region, to exploit so-called coalbed methane. "France is completely dependent on imports, so it's rather interested in seeing we can produce a gas which is clean and near existing infrastructure," said Julien Moulin, head of the company formerly known as European Gas.