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Latest Europe Update

Gazprom Neft to upgrade Moscow oil refinery in Russia for $1.5bn
24 May, 2013
Russian oil producer Gazprom Neft said that it will invest RUB50bn ($1.5bn) to upgrade its Moscow oil refinery between 2013 and...
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Puralube Holding to build waste oil recycling plant in Germany
Thursday, May 23, 2013 Puralube Holding plans to invest €40m to build a waste oil recycling plant at Zeitz Chemical and Industrial Park in...

OMV Petrom to redevelop Oprisenesti oil reservoir in Romania
Tuesday, May 21, 2013 OMV Petrom said that it will invest €90m to redevelop the Oprisenesti oil reservoir, located in the Braila County in...

UK indicates support for EU to import Canadian tar sands
Friday, May 17, 2013 Leaked reports seen by The Guardian show that the UK has rejected a proposal in European Union (EU) negotiations to classify oil from tar sands as highly polluting, giving a strong indication...

Neste Jacobs and Global Oil Shale sign agreement to collaborate on oil shale development
Wednesday, May 15, 2013 Finland-based Neste Jacobs and Global Oil Shale Group (GOS) have signed an oil shale development and engineering...

Exxon Mobil, Qatar Petroleum sign agreement to transport LNG to UK
Monday, May 13, 2013 US-based Exxon Mobil and Qatar Petroleum have signed an agreement to transport liquefied natural gas (LNG) to...

San Leon Energy agrees to provide fracturing services in Baltic Basin, Poland
Thursday, May 09, 2013 Ireland-based San Leon Energy has signed an agreement with United Oilfield Services (UOS) to provide hydraulic well fracturing services for its Baltic Basin wells in...

BP’s earnings rise in first quarter; TNK-BP deal lifts profit
Tuesday, April 30, 2013 UK-based oil and gas company BP has reported a $4.2bn profit in the first quarter of 2013, which is an increase compared to $3.9bn in the fourth quarter of last year, but a fall from the $4.7bn...

Asset Guardian Solutions secures software management tool contract from Stena Drilling
Thursday, April 18, 2013 UK-based Asset Guardian Solutions (ASGL) has received a contract from Stena Drilling for an undisclosed...

Greek parliament approves intergovernmental agreement on Trans Adriatic Pipeline
Monday, April 15, 2013 The Greek Parliament has approved the Intergovernmental Agreement (IGA) between Albania, Italy and Greece, related to the construction and operation of the Trans Adriatic Pipeline (TAP)...

Petrofac consortium secures $3.7bn Upper Zakum field development contract in Abu Dhabi
Friday, April 12, 2013 UK-based Petrofac has said that its joint venture company with Mubadala Petroleum, Petrofac Emirates, has received a contract worth $3.7bn from Zakum Development Company (ZADCO), for...

Aventa Systems receives contracts from Talisman, Dana Petroleum
Thursday, April 11, 2013 UK-based integrated production data solutions specialist Aventa Systems has secured two specialist contracts from Talisman Sinopec Energy and Dana Petroleum, worth about...

New research identifies fracking as ‘not significant’ cause for earthquakes
Thursday, April 11, 2013 A new research published in the Journal of Marine and Petroleum Geology has said that fracking is not an important cause for earthquakes that can be felt on the...

Yamal-Europe 2 pipeline project could be complete by 2019
Tuesday, April 09, 2013 The second branch of the gas route of Gazprom's Yamal-Europe 2 pipeline project could be completed by 2019 and requires investment worth...

Albania approves tri-lateral agreement on Trans Adriatic Pipeline project
Wednesday, March 27, 2013 The Albanian Parliament has approved the Intergovernmental Agreement (IGA) signed between Albania, Italy and Greece, related to the construction and operation of the Trans Adriatic Pipeline...

Centrica signs agreement with Cheniere to buy LNG
Tuesday, March 26, 2013 UK-based Centrica has signed a 20-year agreement with Cheniere Energy Partners to buy 91,250,000 mmbtu or 89 billion cubic ft of annual liquefied natural...

Rosneft, BP complete TNK-BP deal
Monday, March 25, 2013 Russia-based Rosneft has paid $16.65bn to UK-based BP, as part of the sale and purchase agreement of TNK-BP, which was announced in October...

Interconnector restarts gas flow at Bacton Terminal in England
Monday, March 25, 2013 UK-based Interconnector (IUK) has said that it has restored full flow of gas at the Bacton Terminal in...

UK introduces tax breaks in 2013 budget to encourage shale gas exploration
Thursday, March 21, 2013 The UK government in its 2103 budget has introduced a series of new tax breaks to encourage shale gas exploration in the...

Europa Oil & Gas begins 2D seismic analysis on PEDL licence in England
Wednesday, March 20, 2013 Europa Oil & Gas announced that it has commenced acquisition of 78km line of 2D seismic on PEDL 181 licence, located in east Lincolnshire,...

DNV KEMA launches new multiphase flow laboratory in the Netherlands
Tuesday, March 19, 2013 Netherlands-based energy consulting and testing and certification company DNV KEMA has opened a new multiphase flow laboratory (MPFL) in Groningen, the...

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