News

  • DNV GL Energy Transition Outlook

    In this edition of PERSPECTIVES, we focus on the implications of our latest modelling of the energy transition on the oil and gas industry.   We also explore how enhanced methodologies for safe and sustainable operations can create more value for our sector.   Our…

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  • Oil Tanker Rates Soar to New Records

    Nothing right now is stopping a surge in oil tanker rates that’s given owners of the vessels one of the biggest boosts in years.   Rates have rallied so high that a second-hand supertanker could theoretically pay for itself in a couple of voyages, according…

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  • NIOC reports gas strike in southern Iran

    National Iranian Oil Company has reported a major discovery of natural gas in Fars Province, southern Iran.   It estimates the field, Eram, holds 13 tcf of recoverable gas with 19 tcf in place.   Eram is 200 kilometres south of Shiraz.   NIOC says…

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  • Floating wind turbines to part-power giant North Sea fields

    Equinor and its partners in the Snorre and Gullfaks fields in the North Sea have committed to the Hywind Tampen offshore wind farm development.   The company is submitting updated plans for development and operation to the Norwegian authorities.   Pending approvals, the two fields’…

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  • UKOG commences coring operations at Horse Hill oil field

    UK Oil & Gas (UKOG) has commenced an extensive conventional coring programme in its 85.635% owned Horse Hill-2 (‘HH-2’) Portland pilot well.   The first 60 ooft core, starting at a drilled depth of 2,049 feet below rig floor, has been successfully landed at surface…

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  • Insurance Jottings

    Canopius completes AmTrust at Lloyd’s takeover Canopius Group has completed its acquisition of AmTrust at Lloyd’s, making the carrier a top-five player at Lloyd’s.   New Specialty Re/Insurer Convex Authorised to Write Excess and Surplus Lines in US Convex Group, the Bermuda-based international specialty insurer…

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  • People in the News

    Convex engages XL Catlin energy alumnus Hunt as greenfield pressures upstream market Stephen Catlin and Paul Brand’s underwriting start-up, Convex, employed the services of former XL Catlin energy product line leader, Geoff Hunt, as a consultant for its energy business as the new venture is…

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  • Offshore investments on the rise in 2019, Rystad says

    As investments in tight oil increased from 2016 to 2018 and offshore investments decreased, according to Norwegian energy intelligence group Rystad Energy.   Tight oil investments almost reached the same level as offshore in 2018, Rystad added.   However, in 2019 the table has turned….

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