Category: Europe

Chevron halts gas search in Romania after protests

Hundreds protested in a field where Chevron plans to launch its operation  More »

Cyprus gas field smaller than initial estimate

Cyprus’ energy minister says that a gas field off the country’s southern coast contains between 3.6 and 6 trillion cubic feet (0.1-0.17 trillion cubic meters) of natural gas, noticeably less than an earlier estimate.  More »

Rosneft sets price for remaining TNK-BP shares

The price is far less than the majority shareholders received.  More »

Rosneft says it will buy out minority shareholders in TNK-BP

Shares in TNK-BP soared 12 percent on the comments.  More »

US receives mediocre ratings for energy sustainability

The United States is trailing most of Europe in creating a sustainable energy system, according to a report released Tuesday.  More »

Norway’s government may sell $11B of Statoil shares

Norway may sell as much as 16 percent of state-owned oil producer Statoil ASA, a stake currently valued at more than $11 billion, after the Conservative-led opposition won elections.  More »

Commentary: On fracing in the UK, both sides have a lot in common

That camp paints a pretty bad picture of oil & gas professionals also, but of course, either way those are all crude generalizations, and their effects are the same: they further reinforce an “us vs. them” mentality, and ignore the fact that both pro and anti-industry groups actually have plenty of common ground from which to start a more productive exchange than what’s currently going on in the English countryside.  More »

OMV pays record $2.65 billion for Statoil North Sea oil, gas

OMV AG (OMV), the biggest central European energy company, paid $2.65 billion to Statoil ASA (STL) in its largest deal on record for stakes in four North Sea oil and gas fields as it seeks stable output after disruptions in Libya and Yemen.  More »

Commentary: “EVs, hybrids & diesels! Oh my!”

If we’re really serious as a country about curbing emissions and altering driving behaviors for the betterment of the environment, let’s be prepared to make tough choices and institute real measures to encourage those positive shifts in individual behaviors.  More »

Three Nails in the Coffin of Peak Oil

This post is based on a talk I gave as an “undistinguished speaker” to the American Association of Petroleum Geologists (AAPG) oil finders lunch in Aberdeen a few weeks ago. This will be one of my last posts on The Oil Drum. There should be enough con…  More »

Total earnings slip on lower oil, gas prices

French oil company Total SA said its core earnings slid 3 percent in the second quarter as lower crude and gas prices offset slightly higher production.  More »

Statoil sees 2Q earnings sink on weak oil prices

Norway’s Statoil says second quarter earnings sunk 84 percent compared to a year ago due to lower prices for oil and gas and poor trading results.  More »