Europe News


Norwegian Oil, Gas Plants Restart after Ship Collision

Nov 08, 2018

An oil tanker and a Norwegian navy frigate collided off Norway's west coast on Thursday, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway's top gas processing plant and several offshore fields…

BREAKING: Tanker, Frigate Collision Shuts Down Norwegian Oil, Gas to Europe

Nov 08, 2018

Norway has been forced to close the Sture Oil Terminal near Bergen and has started closing down the nearby Kollsness gas-and-condensate terminal — a lifeline of heating gas to Europe — after an early morning collision between a $440-million frigate and an oil tanker…

OKEA Gets Approval to Acquire Shell's Draugen, Gjoa Fields

Nov 07, 2018

Norway's Ministry of Petroleum and Energy and Ministry of Finance has approved the transaction from AS Norske Shell and OKEA concerning the transfer of the licenses associated with the Draugen field in the Norwegian Sea and the Gjøa field in the North Sea…

Panoro Energy Buys OMV Tunisia

Nov 07, 2018

London-based E&P company Panoro Energy said its Norwegian subsidiary Panoro Tunisia Production has reached an agreement with OMV Exploration & Production GmbH to acquire 100 percent of the shares of OMV Tunisia Upstream GmbH.According to the Oslo-listed company…

Serica Energy to Buy BHP Stake in North Sea Fields

Nov 06, 2018

North Sea operator Serica Energy has struck a deal with commodities giant BHP Billiton to up its stakes in two North Sea fields, taking it above 90 per cent ownership of the assets.Under the a sale and purchase agreement (SPA), Serica UK will acquire a 16…

Uptime International Bags Contracts for Gangway Supply

Nov 05, 2018

Norway’s Uptime International has entered into two new contracts with compatriot vessel provider Island Offshore.'Island Clipper has secured a three-year agreement with Equinor as combined PSV and walk to work vessel. The vessel will be equipped with battery package…

GC Rieber Bags 4-month Charter for Polar Queen

Nov 05, 2018

Norwegian shipping company GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV  Polar Queen for a fixed period of four months with options to extend by up to one month.A press note from the…

First Gas from Cuadrilla Fracking Site in Britain

Nov 04, 2018

The energy company Cuadrilla Resources has produced first gas from its fracking site in Lancashire in northwest England, after it began fracking operations there just over two weeks ago.The energy company said it has started to see natural gas flow at the Preston New Road exploration well…

Renewables Could Reach 38% of German Power Use

Nov 02, 2018

Germany is on track to produce enough green power to cover nearly 38 percent of its electricity consumption this year, up from about 36 percent in 2017, energy industry group BDEW and research institute ZSW said on Friday.Their forecast was…

DNO Beats Forecasts with Q3 Operating Profit

Nov 01, 2018

Norwegian oil firm DNO said on Thursday third-quarter earnings beat forecasts, helped by higher oil prices and rising output in the Kurdistan region of northern Iraq.The region's largest international oil producer posted a third-quarter operating profit of $71 million…

Petoro Flags Rising Costs for Oil Industry

Nov 01, 2018

Norway's oil industry must harness digital technology and foster deeper partnerships across the sector to contain rising costs, Petoro, which manages the government's stakes in the country's offshore fields, said on Thursday.Executives of oil…

Shipping Industry Welcomes EU Support to Green Fuel

Oct 31, 2018

The shipping industry and the European Independent fuel suppliers welcome the European Parliament’s support to incentivize the uptake of low-carbon and carbon-free alternative fuels and to remove disparities in energy taxation.On 25 October…

Kvaerner Wins Sverdrup Jacket Number Four

Oct 31, 2018

Norway's Equinor has awarded a NOK 900 million ($107 million) contract to local contractor Kvaerner for delivery of the steel substructure for the Johan Sverdrup Phase 2 process platform.The engineering, procurement and construction (EPC) award…

Bilfinger Secures Johan Sverdrup Contracts

Oct 30, 2018

German based Bilfinger said on Tuesday it has received follow-up orders from its contract partner, the Norwegian service company Aibel, that are to tie in with phase 1 of the Equinor operated Johan Sverdrup oil field project on the Norwegian continental shelf…

Seacat Services Eyes Growing Offshore Wind Market

Oct 29, 2018

U.K. based offshore energy support vessel (OESV) operator Seacat Services said it has seen unprecedented growth in demand for crew transfer vessel (CTV) services across 2018 in offshore wind.The fourth quarter of 2018, is, atypically, seeing surging demand for offshore wind crew transfer…

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