Europe ///

Merkel defends Russian gas link expansion protested by Poland

German Chancellor Angela Merkel threw her country’s weight behind the Nord Stream 2 gas pipeline from Russia, boosting the chances that the controversial link will become reality.

Oil CEOs urge Norway to throw a lifeline to carbon capture

Three of the world’s biggest oil companies called on Norway to help maintain funding for carbon capture and storage technology that is stagnating amid concerns about whether it can ever be cost-effective.

Venezuela plight has U.S. rushing for heavy UK crude

Oil refineries in the U.S. Gulf of Mexico are buying the most crude from the UK North Sea in more than seven years as they scramble to replace lost supplies from Venezuela.

OGIC to strengthen innovation ties with China

A selection of Scotland’s leading oil and gas research and development institutions will be heading to China next month (March 5-10) to strengthen ties, share knowledge and increase business opportunities with leading innovation houses in Beijing.

Norway, Russia sent record gas volumes to Europe in 2017, Rystad says

Gas exports to Europe from both Russia and Norway climbed to record levels in 2017, according to fresh analysis by Rystad Energy. Russian and Norwegian gas exports to Europe (including Turkey) reached 194 Bcm and 122 Bcm, respectively, in 2017.

Hurricane Energy announces successful trial fit testing of buoy, FPSO turret at Lancaster field

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to provide an operational update on activities related to the Early Production System at Lancaster field (Lancaster EPS).

Statoil awards Kværner the contract for the Johan Castberg topsides

The contract includes the construction and installation of the topside structure for the floating production, storage and offloading vessel (FPSO) to be located on the Johan Castberg field in the Barents Sea. The contract has a total value of about NOK 3.8 billion.

Aker Solutions to deliver modules for Johan Castberg FPSO

Aker Solutions will as a subcontractor of Kvaerner deliver modules for the floating production, storage and offloading (FPSO) vessel for the Statoil-operated Johan Castberg development, the largest oil discovery in the Norwegian Barents Sea.

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) has introduced the iSeries NXT platform to its portfolio of Tolteq MWD/LWD directional systems and tools.

Booming Asian gas demand ripples all the way to Norway

Asia’s rapacious thirst for liquefied natural gas is sucking supplies from surprising places.

Faroe Petroleum divests 17.5% stake in Fenja development

Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has executed a transaction with Suncor Energy Norge AS (Suncor) for the sale of a 17.5% working interest in the Fenja development, located in PL586 in the Norwegian Sea.

Poland bets on LNG, Norway gas as divorce with Russia looms

Russia’s oldest natural gas buyer is ready to break up after more than 74 years.

North Sea pipeline resumes after second halt in two months

The North Sea’s Forties Pipeline System -- one of the world’s most important crude oil conduits -- resumed overnight after a short halt, coming on the heels of a more significant stoppage in December.

Statoil granted drilling permit for wildcat on Norway's PL 167

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 16/1-29 S, cf. Section 15 of the Resource Management Regulations.

Statoil increases value of Johan Sverdrup

Statoil and partners further increase the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.

Europe's frozen relationship with Gazprom shows signs of thawing

A rapprochement is emerging between the European Union and its biggest natural gas supplier.

Total, Mitsui O.S.K. Lines sign long-term charter contract for pioneer LNG bunker vessel

Total Marine Fuels Global Solutions (TMFGS) and Mitsui O.S.K. Lines, Ltd. (MOL) have signed a long-term charter contract for a large LNG bunker vessel of 18,600 m³, to be delivered in 2020.

Rockhopper Exploration, Diamond Offshore sign Letter of Intent for Sea Lion Phase 1

Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland basin and the Greater Mediterranean region, is pleased to provide the following update relating to Sea Lion Phase 1, in the North Falkland basin (RKH 40% working interest).

Faroe Petroleum commences drilling of Fogelberg appraisal well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, is pleased to announce the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9-4S &4A in the Norwegian North Sea (Faroe 28.3%).

One of the oldest oil fortunes weighs fossil fuel exit

The guardian of one of the world’s first oil fortunes, made by striking exploration deals across the Middle East a century ago, said it’s holding talks about the sale of its investments in fossil fuels.