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Europe

Arup is close to installing the Arup Concept Elevator (ACE) platform on Xcite Energy Resources' Bentley Oil Field located in the UK section of the northern-North Sea.   Working with Xcite, Amec Group and Aibel, the company has successfully completed the conceptual design and assurance scopes of work and has…
Cairn Energy has sold a 10% stake in its Catcher development in the North Sea and nearby fields to Dyas UK for approximately $182m.   Under the deal, Cairn will retain a 20% interest in the Catcher licence and trim down its capital expenses on the project from $380m to…
Rosneft has completed drilling at the Universitetskaya-1 well in the Arctic and discovered oil at the East-Prinovozemelskiy-1 licence area in the Kara Sea.   The company said the sea depth at the drilling site is 81m, while the designed depth of the vertical well is 2,113m.   The drilling resulted…
German lawmakers backed an extensive revision of the country’s EEG clean-energy law to curb subsidies and slow gains in power prices that are the second-costliest in the European Union.   The legislation, which introduces limits on how much onshore wind and biomass capacity qualifies for the full subsidies and lowers…
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