Lloyd’s to merge Council and Franchise Board Lloyd’s has announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from the 1st June 2020, after receiving widespread support from across the market. The news follows five months of consultation across…
Schnorr named CEO of StarStone’s Lloyd’s managing agency Enstar-owned StarStone has promoted its global head of marine and offshore energy Simon Schnorr to chief executive of its Lloyd’s business – StarStone Underwriting Limited Beazley names Diamond group head of claims as Hobkinson retires Blue…
BP Plc, Royal Dutch Shell Plc, Total SA and Vitol Group are among partners in a new exchange to trade Abu Dhabi’s flagship oil grade in what could become a new price benchmark for a fifth of the world’s crude. Intercontinental Exchange Inc Chairman…
The government of Timor Leste has signed a production sharing contract with Sunda Gas and TIMOR Gap – the national oil company of Timor-Leste – for an offshore block containing the Chuditch discovery. The licence, formally named the PSC TL-SO-19-16, is situated in the…
Saudi Aramco is joining the World Bank Initiative: ‘Zero Routine Flaring by 2030.’ The company says it is strongly committed to reducing flaring, which accounted for less than 1% of its total raw gas production during the first half of this year. Ahmad…
The New Zealand Rural Connectivity Group (RCG) has chosen Redflow zinc-bromine flow batteries to store energy in off-grid telecommunication sites in remote rural locations. Commercial negotiations to establish a direct relationship between RCG and Redflow to purchase batteries are now underway. The RCG…
Alberta’s delay in announcing the sale of its crude-by-rail contracts is hindering oil exports just when a pipeline shutdown has made train shipments vital. Oil producers are leaning on rail capacity now that TC Energy shut its 590,000 barrel-a-day Keystone pipeline due to a…
Australian oil and gas company Woodside has completed subsurface studies on the Scarborough gas field, resulting in a resource volume increase of 52 percent. Woodside said on the 8th November that the estimated gross contingent resource (2C) dry gas volume for the Scarborough field…
Ivory Coast wants more explorers for oil and gas as it seeks to boost economic growth, according to Energy Minister Abdourahmane Cissé. The West African nation opened a new licensing round for five offshore blocks which are close to other discoveries and infrastructure, Mr Cissé said…
Iran has discovered a new oil field in the southwest of the country which has the potential to boost its reserves by about a third, President Hassan Rouhani said on the 10th November. Mr Rouhani said that the National Iranian Oil Company had found…
