Category: Europe

Q&A: Accenture’s shale expert Melissa Stark on unconventional plays worldwide

Melissa Stark, managing director of Accenture’s New Energy Business, is the consulting firm’s expert on shale development. The firm recently published an update on the outlook for unconventional plays in nine countries. Stark, who’s worked in the United Kingdom for 20 years, spoke with the Chronicle recently about what’s on the horizon for shale and tight oil and gas worldwide.  More »

Poland resumes gas deliveries to Ukraine

The spat between Poland and Russia came amid concerns that Moscow is ready to use its energy exports as a political weapon over the crisis in Ukraine.  More »

German firm buys shares in North Sea oil, gas

Wintershall’s deal is with Norwegian company Statoil for $1.25 billion. Norway, along with Russia, is a key supplier of gas to Europe.  More »

Sanctions threaten Putin’s oil deals with Exxon Mobil, Shell

Russian President Vladimir Putin called Exxon Mobil “an old and reliable partner” during a ceremony last month marking the start of drilling at an offshore Arctic prospect.  More »

Russian gas supplies to Poland drop by a quarter

Some commentators believe it to be retaliation by Moscow against Poland for its decision to help Ukraine with gas.  More »

Nine countries that could hold the next Eagle Ford

The U.S. economy has enjoyed an energy renaissance thanks to technology like fracking and horizontal drilling that unlocked previously inaccessible geological formations. Some of that same technology is now poised to be used around the world.  More »

Exxon drilling Russian Arctic shows oil sanctions lack bite

After more than two years’ planning Exxon and its partner OAO Rosneft, Russia’s state oil producer, will start drilling the Universitetskaya prospect tomorrow, the Kremlin said in a statement Friday.  More »

Norway’s Statoil comes up dry at Arctic wells

Statoil said this year’s exploration campaign ended without any commercial discoveries.  More »

Shell beats estimates, takes gas writedown

Royal Dutch Shell, Europe’s biggest oil company, beat analyst second-quarter earnings estimates while pushing ahead with a restructuring program that saw it write off about $1.9 billion in U.S. gas assets.  More »

Total pledges cost cuts after record-low output hurts profit

Total is counting on new projects to increase its oil production to 2.6 million barrels a day in 2015 and to about 3 million barrels two years later.  More »

Britain reopens way for fracking

Business and Energy Minister Matthew Hancock said shale gas has the potential to increase the country’s energy supply but stressed national parks will be protected.  More »

U.S. sanctions hit Russian energy, other companies

Among the companies hit were OAO Rosneft, Russia’s largest oil company,  More »
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