Europe

Subsea 7 Awarded Two Offshore Pipeline Contracts

Subsea 7 has received contracts for two offshore pipeline projects, BP's Alligin subsea development, located approximately 140 kilometers west of the Shetland Islands, and ExxonMobil's Production Uplift Pipeline, located off the coast of Nigeria.

Gazprom Says Gas Transit via Ukraine to Europe May Fall to 10-15 Bcm Per Year

Future Russian gas transit flows through Ukraine to Europe may decline significantly, Alexei Miller, head of gas giant Gazprom, says.

German Chancellor Seeks to Assure Ukraine on Russian Gas Link

German Chancellor Angela Merkel says she will consider the impact of a new Russian-German gas pipeline on Ukraine as plans progress.

Gazprom Gets Finnish Approval to Build Nord Stream 2 Gas Pipeline

Finland approves the construction of the Nord Stream 2 gas pipeline through Finland’s economic zone.

Deloitte: North Sea Pipeline Deals to Rise this Year

The North Sea will see a rise in infrastructure deals this year, with private equity funds playing an increasing role in midstream assets, according to business advisory firm Deloitte. Against the backdrop of a low oil price, more oil and gas companies are looking to rationalize their portfolios an..

Europe’s Final Hope For Energy Independence From Russia

Europe’s reluctance towards reliance upon Russian natural gas trade is no secret. It’s also no surprise, due to fallouts between Russia and Ukraine (a major transit country for the trade) in 2006, 2009 and 2014. Currently Russia and Ukraine do not even have a bilateral gas trade, but Russian gas is ..

The U.K. Is About To Boost Oil Exploration With An Old Trick

In 2000, Canadian miner Goldcorp changed its fortunes through a unique strategy: giving away its proprietary technical data. Dubbed the “Goldcorp Challenge”, the firm made all of its geological information available to the public. And offered $575,000 in prize money to geologists who could use the ..

Shell Shareholders OK $49 Billion Deal to Buy UK Rival BG

LONDON (AP) — Royal Dutch Shell shareholders have overwhelmingly backed the $49 billion bid to buy BG Group, despite a slide in oil prices that have had some critics wondering about the wisdom of the mega-deal. More than 80% of shareholders approved the move on Wednesday. The deal will boost Shel..