Western Europe ///

Merkel stands by Nord Stream 2, but is open to discussing Russia with Biden

“We need to also discuss which economic relations in the gas sector are possible with Russia, and which aren’t,” Merkel said during a news conference in Berlin Thursday, referring to planned talks with Joe Biden’s government. “My basic position on Nord Stream 2 hasn’t changed,” she added, when asked about plans to complete the pipeline between Germany and Russia.

Europe turns down more U.S. LNG on greenhouse gas concerns

The latest setback for exporters is the expiry of a 2017 accord between U.S. LNG developer NextDecade Corp. and the Port of Cork to build an import terminal in Ireland.

BP’s Caspian Sea project emerges as Russia’s rival for European gas market

Gas pumped from the BP-led Shah Deniz deposit in the Caspian Sea began flowing into Italy, Greece and Bulgaria on Dec. 31, BP and Azerbaijan’s state energy company Socar said in a joint statement. The European Union has worked for years to ease its dependence on Russia, which accounts for about a third of the region’s gas supplies.

Russia accelerates Nord Stream 2 project to beat U.S. sanctions

When complete, Nord Stream 2 will allow Russia to expand deliveries of gas to Europe and circumvent the traditional transport corridor through Ukraine. The U.S. and Eastern European nations say the pipeline will make Germany and the European Union too reliant on Russian gas.

Asian oil demand strengthens North Sea crude markets

Over the past several weeks, Asian refineries have snapped up crude oil from the Middle East, the U.S. and Russia as buyers received more government allowances to boost imports after the start of next year. Demand for North Sea barrels was slow to pick up, but even that’s now started to change.

Schlumberger to de-list from London Stock Exchange

Schlumberger has announced that the company's board of directors in January 2020 approved the cancellation of the listing of the company’s common stock on the standard segment of the Official List of the London Stock Exchange and the cancellation of admission to trading of such shares on the main market of the LSE.

Jersey Oil and Gas details Buchan’s "significant" resources

Jersey Oil and Gas PLC has revealed the findings of a new independent evaluation of its recently acquired Greater Buchan Area project in the North Sea.

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector

Oil majors reluctant to place bets on aging North Sea, as output descends

Emily Querubin, World Oil

Since the 1960s, the North Sea has remained a highly sought-after region for oil and gas E&P.

Achilles launches 6,000 member oil and gas supplier network for Europe

Achilles Information, a supply chain risk and performance management provider, has launched the most comprehensive supplier network available for the oil & gas industry: Oil and Gas Europe.

ION aligns with Danish Energy Agency on new 3D reimaging program offshore Denmark

ION Geophysical announced a new 3D multi-client reimaging program offshore Denmark, aligned with the Danish Energy Agency's objective to boost exploration activity by providing a modern, affordable 3D depth-imaged data set.

Neptune Energy to acquire interests in German fields from Wintershall Dea

Neptune Energy has agreed to acquire interests in certain oil and gas fields in Emsland and the Grafschaft Bentheim region in Germany from Wintershall Dea.

UK warship arrives to protect Hormuz as Seoul mulls deployment

Efforts to secure safe passage through the Strait of Hormuz are ramping up as the UK said a second warship arrived in the area and South Korea may deploy its own unit as part of a multinational force.

Aker BP completes drilling of wildcat northeast of the North Sea's Alvheim field

Aker BP ASA, operator of production license 442, has completed the drilling of wildcat well 25/2-21 (Liatårnet).

New CEO appointed at EnerMech

EnerMech, the Aberdeen-headquartered provider of specialist services to the energy and infrastructure sectors, has today announced that John Guy has been appointed as CEO, succeeding company founder Doug Duguid, who will assume the role of deputy chairman.

Turkey scoffs at EU rebuke, vows to keep drilling off Cyprus

Turkey rebuffed measures by the EU and vowed to go ahead with its exploration in a growing dispute with EU member Cyprus.

Improved reservoir recovery anticipated for Norway’s Gudrun field with new investment

The Gudrun partners have decided to invest in a water injection plant on the Gudrun field to improve reservoir recovery. This will extend the field life by three years compared to the original plan.

Equinor drills dry Norwegian well west of Johan Sverdrup

Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7.

Decommissioning in Shetland expands with the arrival of more North Sea structures

The Dales Voe decommissioning facility in Shetland is one step closer to becoming a center of excellence for recycling offshore structures from the North Sea with the arrival of two new installations for decommissioning by strategic partners Veolia and Peterson.

Norwegian Petroleum Directorate reports high activity in the first six months of the year

Production on the Norwegian shelf is holding steady at a high level. Many projects are in the development or planning phases.