Europe ///

Norway launches expanded licensing round

OSLO, Norway -- Norway’s Ministry of Petroleum and Energy has announced this year’s licensing round for the geologically well know areas on the Norwegian Continental Shelf—Awards in Predefined Areas (APA) 2015.

Sen. Menendez, Congressman Pallone to introduce offshore drilling ban in Atlantic Ocean

Senator Bob Menendez (D-NJ) and Congressman Frank Pallone (D NJ-06) announced Monday, on the five-year anniversary of the Deepwater Horizon oil spill, that they will introduce a bill to ban offshore drilling in the Atlantic Ocean.

Deep Sea Supply appoints new CEO

Deep Sea Supply's board of directors has appointed Jon Are Gummedal as the company's new CEO.

BP readies defenses as oil industry responds to Shell’s BG raid

As the oil industry takes stock of Royal Dutch Shell’s $70 billion move for BG Group, one company has more to chew on than most.

AGR awarded frame agreement with DEA

Global oil and gas service company AGR has announced the award of a well engineering and operational support services contract with DEA Norge.

Statoil chief says more oil deals likely after Shell-BG merger

WASHINGTON, D.C. -- The CEO of Norway’s largest oil producer said the industry will probably see more deals after Royal Dutch Shell’s $70 billion to BG, especially if crude prices remain depressed.

BG Norge strikes out near Knarr field

BG Norge AS, operator of production license 373 S, is completing the drilling of exploration well 34/3-5, located approximately five km southeast of Knarr field in the Northern North Sea. The well is dry.

Petrofac develops maintenance program for Nexen's Golden Eagle field

Petrofac has completed a project for Nexen Petroleum UK Ltd.’s Golden Eagle Development Area, delivered through its Plant Asset Management consulting business.

Valemon officially opened, Statoil says

NORTH SEA -- Norway’s petroleum and energy minister, Tord Lien, has officially opened the Valemon gas and condensate field in the North Sea, Statoil announced Thursday. Expected recoverable reserves from the field are 192 MMboe.

TGS, Dolphin to conduct survey in Western Barents Sea

TGS has signed a joint venture agreement with Dolphin Geophysical to acquire 4,500 km2 of 3D multi-client seismic data over the western part of the Hammerfest basin in the Barents Sea.

Hydro Group, EnerMech join forces to develop new product innovation

Hydro Group has teamed up with EnerMech to launch an innovative new product offering to the market. The companies have combined their expertise to deliver a new hydraulics hose product, offering lay-up and over-sheathing of hydraulic hoses for use in umbilical, topside and well intervention projects in the oil and gas industry.

Upstream M&A activity takes $2 billion slump in March 2015, GlobalData says

Merger and Acquisition (M&A) values in the upstream oil and gas sector decreased significantly to $829.8 million in March 2015, compared with $2.9 billion in the previous month, according to research and consulting firm GlobalData.

Southern England oil discovery estimates wildly optimistic, GlobalData says

The recent announcement by UK Oil & Gas Investments that there could be up to 100 Bbbl of oil onshore beneath the South of England, following its discovery at a well near Gatwick airport, is wildly optimistic, says an analyst with GlobalData.

Oil CEO wages immune to price slump as shareholders vote on pay

Oil’s plunge has forced the world’s biggest energy producers to lay off workers and stall projects. Their CEOs have so far proved immune.

IEA sees OPEC supply jumping most in four years on Saudi surge

OPEC production climbed by the most in almost four years as Saudi Arabia, Iraq and Libya boosted output amid a stronger outlook for global oil demand, according to the International Energy Agency.

Amec Foster Wheeler bags BP operations, maintenance contract

Amec Foster Wheeler has been awarded a contract by BP to provide operations, maintenance and project support for the Forties Pipeline System and the Central Area Transmission System terminal in Teesside, northeast England.

Supermajors' Q1 earnings to be the weakest in recent memory: Douglas-Westwood

Despite major cost reduction measures, first-quarter earnings for supermajors are expected to be the weakest in recent memory, according to Douglas-Westwood's DW Monday.

Oil reaches one-week high on speculation output growth slowing

NEW YORK (Bloomberg) -- Oil rose to a one-week high, amid speculation U.S. production growth is slowing.

Oil-rich nations selling assets at record pace

LONDON (Bloomberg) -- In the heady days of the commodity boom, oil-rich nations accumulated billions of dollars in reserves they invested in U.S. debt and other securities. They also occasionally bought trophy assets, such as Manhattan skyscrapers, luxury homes in London or Paris Saint-Germain Football Club.

Deloitte Center for Energy Solutions names Andrew Slaughter as new executive director

HOUSTON -- Deloitte has appointed Andrew Slaughter as its new executive director for The Deloitte Center for Energy Solutions.