EurOil Top Story archive

25 May 2017, Week 20, Issue 401

UK-based petrochemicals group Ineos has continued its aggressive expansion into the North Sea this year after agreeing to acquire Dong Energy’s oil and gas business for up to US$1.3 billion.

18 May 2017, Week 19, Issue 400

Neptune Energy, a private equity-backed start-up, is poised to become one of Europe’s biggest independent E&P players by purchasing a 70% stake in Engie’s Exploration & Production...

11 May 2017, Week 18, Issue 399

Hurricane Energy was given a boost this week when an independent report confirmed the company’s own estimate that its Lancaster find holds over 500 million barrels of recoverable oil.

04 May 2017, Week 17, Issue 398

Chevron has accelerated the tendering process for its new FPSO at the Rosebank development West of Shetlands (WoS) ahead of a final investment decision (FID) anticipated in 2019.

27 April 2017, Week 16, Issue 397

Gazprom’s controversial Nord Stream 2 pipeline jumped a major hurdle this week as five European energy companies agreed to provide financing for the project.

13 April 2017, Week 14, Issue 395

Hurricane Energy has trebled its recoverable resource estimate for the basement Lancaster discovery West of Shetland (WoS) following a successful 2016 drilling campaign.

06 April 2017, Week 13, Issue 394

Ineos has agreed to pay up to US$250 million for BP’s Forties Pipeline System (FPS) and associated Kinneil Terminal in the UK North Sea.

30 March 2017, Week 12, Issue 393

ExxonMobil has agreed to sell the majority of its Norwegian exploration and production portfolio to oil company Point Resources, which is backed by private equity firm HitecVision.

23 March 2017, Week 11, Issue 392

An Italian government source has reportedly dismissed local media speculation suggesting Rome would offload its 4.3% stake in Eni as part of efforts to reduce Italy’s national debt.

16 March 2017, Week 10, Issue 391

Wood Group has launched a bid to take over fellow oilfield services firm AMEC Foster Wheeler in a move that could save the merged group GBP110 million (US$134 million) per year in costs.

09 March 2017, Week 09, Issue 390

Italy’s Eni on March 7 announced it had finalised a farm-in agreement with Total to acquire a 50% interest in Block 11 in the Cyprus offshore exclusive economic zone (EEZ).

02 March 2017, Week 09, Issue 389

Norway’s oil companies appear to be regaining a little of their verve. Statistics Norway indicated last week that companies in the oil and gas sector would invest slightly more in 2017 than...

23 February 2017, Week 07, Issue 388

Toronto-listed Pennine Petroleum has made its foray into Albania with the signing of a production-sharing agreement (PSA) for a block in the south of the country.

09 February 2017, Week 05, Issue 386

Royal Dutch Shell has marked a milestone for the offshore UK North Sea after filing the decommissioning programme for Brent oilfield to the UK government.

02 February 2017, Week 04, Issue 385

Royal Dutch Shell has taken a major step towards meeting its US$30 billion divestment target by selling roughly half of its net output in the UK North Sea to private equity...