News

  • Insurance Jottings

    High Court approval of Lloyd’s Brexit transfer ensures continuity of cover for customers Lloyd’s confirmed on the 25th November that it has received final approval from the High Court of England and Wales to transfer EEA policies to Lloyd’s Insurance Company SA, with its registered…

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  • Keppel Bags Multimillion FPSO Deal

    Keppel Offshore & Marine Ltd revealed on the 26th November that its wholly owned subsidiary, Keppel Shipyard Ltd, has secured a contract from “a repeat customer” worth around US$75 million (S$100 million) for fabrication and integration work on a Floating Production Storage and Offloading vessel….

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  • BP and Ithaca produce first oil from North Sea project

    Partners BP and Ithaca Energy have started production from the Vorlich development, located in the UK North Sea. The project was the target of environmental protests back in 2019.   Announcing the project start-up on the 26th November, BP said this was the third major…

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  • APA Group to build new gas pipeline in WA

    The APA Group plans to build a 580-km, 304-mm diameter gas pipeline to connect emerging fields in the North Perth basin to the goldfields region in Western Australia.   APA will invest up to A$460 million in the new Northern Goldfields Interconnect (NGI), which is…

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  • Angola to Sell Stake in National Oil Company

    Angola plans to start a partial disposal of national oil company Sonangol and diamond firm Endiama by the end of 2021 or early 2022, possibly through initial public offerings, Finance Minister Vera Daves de Sousa said.   The sale is part of a push by…

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  • Total contracts Maersk rigs for offshore Suriname drilling

    Total has issued a conditional letter of award to Maersk Drilling for two deep-water rigs for exploration and appraisal in block 58 offshore Suriname.   The campaign is set to start early next year, with an estimated firm duration (for the two rigs combined) of…

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  • Venezuela cracks down on oil industry critics, arrests union leaders

    Venezuela has continued its crackdown on oil industry critics and whistle-blowers in an attempt to block information leaks about state-owned Petroleos de Venezuela (PDVSA), the country’s deteriorating oil facilities, and unsafe working conditions.   On the 19th November Venezuelan authorities arrested Eudis Girot, an oil…

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