EurOil Top Story archive

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...

26 January 2017, Week 03, Issue 384

France’s Total is now expected to drill its first exploration well offshore Cyprus in June or July, a source close to developments told NewsBase this week.

19 January 2017, Week 02, Issue 383

Aker BP’s first capital markets day drew a mixed response from analysts and investors, as critics poured cold water on its projections for expenditure and reserves.

01 December 2016, Week 47, Issue 378

Danish companies Maersk Oil and Dong Energy have started negotiations regarding a possible merger of their oil and gas operations.

24 November 2016, Week 46, Issue 377

Turkish pipeline operator Botas has announced plans to install two floating storage and regasification units (FSRUs) to increase the country’s LNG import capacity.

03 November 2016, Week 43, Issue 374

The UK’s Oil and Gas Authority (OGA) has said it will use new powers to fine or revoke licences from companies that fail to extract as much oil as possible from North Sea fields.

13 October 2016, Week 40, Issue 371

Suncor Energy UK has completed its purchase of a 30% stake in Chevron’s Rosebank project West of Shetland (WoS) after paying an initial US$50 million consideration to Austria-based OMV.

06 October 2016, Week 39, Issue 370

Newly-formed Aker BP has bought Tullow’s interests in eight licences on the Norwegian Continental Shelf (NCS).

15 September, Week 36, Issue 367

Hurricane Energy believes it has vindicated its reservoir model at the Lancaster basement development West of Shetland after encountering a 2,034-foot (620-metre) oil column at the 205/21a-7...