Europe ///

Britain raises Gulf shipping threat to highest level possible

Britain raised the threat level to the highest possible for ships operating in the Persian Gulf as tensions escalate in a region accounting for a third of seaborne petroleum trade.

NPD reports June production figures below forecast

Preliminary production figures for June 2019 show an average daily production of 1,409,000 bbl of oil, NGL and condensate, which is a decrease of 184,000 bpd compared to May. Total gas sales were 9.4 Bscm, which is a decrease from the previous month.

OGA launches 32nd Offshore Licensing Round on the UKCS

The Oil and Gas Authority (OGA) has launched the 32nd Offshore Licensing Round with 768 blocks or part-blocks on offer across the main producing areas of the UK Continental Shelf (UKCS). Acreage is on offer in the Central North Sea, Northern North Sea, Southern North Sea and the West of Shetlands.

Cuadrilla confirms return to UK frac operations

Cuadrilla today confirmed that it will return to hydraulic fracturing and flow testing of natural gas at its flagship Lancashire site in Preston New Road, near Blackpool.

Total divests UK assets to Petrogas for $635 million

Total has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding.

Capricorn Norge strikes out southeast of Norne field

Capricorn Norge AS, operator of PL 758, has completed the drilling of wildcat well 6508/1-3.

Giant bank sees natural gas plugging gaps in Europe’s energy shift

One of the world’s biggest clean energy lenders see a future for European natural gas investments.

JFMS survey clears Black Sea site to support future oil exploration

James Fisher Marine Services (JFMS) completes deep-towed subsea survey project for Lukoil, one of the largest publicly traded oil and gas companies in the world, in waters proven to preserve treasures dating back to Venetian golden era of centuries ago.

Equinor grabs bigger slice of giant oil field in deal with Lundin

Equinor ASA built up its share in Norway’s giant Johan Sverdrup oil field in a deal with Lundin Petroleum AB that saw it sell its 16% stake in the Swedish producer.

DTEK Oil & Gas to invest $37 million into Ukraine's Zinkivska Block

DTEK Oil & Gas and its subsidiaries have been selected as winners in a competition for the largest Product Sharing Agreement (PSA) in Ukrainian history.

Iran says seized oil tanker in Gibraltar wasn't sailing to Syria

Iran said an oil tanker that was seized by British forces near Gibraltar wasn’t destined for Syria.

Frame agreement results in triple contract completion for Rever Offshore

Rever Offshore, a leading subsea services provider to the oil and gas industry, continues to consolidate its North Sea presence, announcing the successful completion of three standalone contracts for energy major, Total E&P UK.

Equinor finds more oil in the Oseberg area

Equinor has, on behalf of the Oseberg partners, made a profitable oil discovery related to Oseberg Vestflanken.

British forces seize oil tanker for violating Syria sanctions

British special forces seized a supertanker off Gibraltar suspected of carrying Iranian oil to Syria in violation of European and U.S. sanctions against the war-torn country.

Over $430 million to be invested in the exploration of oil, gas fields in Ukraine

The results of nine international PSA tenders, covering 11.400 km2 of onshore acreages, have been concluded by Intergovernmental Commission on July 1.

Airborne Oil & Gas awarded second Anasuria contract in North Sea

Airborne Oil & Gas has secured a second award from Anasuria Operating Company Ltd (AOC) to deliver a second high-flow Thermoplastic Composite Pipe (TCP) Jumper Spool in the Central North Sea.

Marathon Oil closes on sale of its UK business

Marathon Oil Corporation (NYSE: MRO) announced today the company has closed on the sale of its UK business, which consists of the Brae area fields and Foinaven, to RockRose Energy PLC.

Tata Steel wins pipe contract for North Sea project

Tata Steel has secured a contract to provide high frequency induction (HFI) line pipe for an oil and gas project north-east of Shetland in the UK North Sea.

ConocoPhillips submits re-development plan for Tor field

On behalf of the licensees, operator ConocoPhillips has submitted a Plan for Development and Operation (PDO) for a re-development of Tor field, in the Greater Ekofisk area in the North Sea.

Aker BP discovers oil at Frosk, west of Stavanger

Aker BP ASA, operator of production license 340, has finalized the results after drilling wildcat well 24/9-15 S (Froskelår Nordøst) and appraisal well 24/9-15 A.