News

  • Test production stabilising at Lancaster west of Shetland

    Hurricane Energy has issued an update on the early production system at the basement Lancaster oil field west of Shetland.   One of the two wells, 205/21a-6, has been producing on its own since the 17th May at around 10,300 b/d with a stable water…

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  • Equinor launches maritime climate ambitions

    On the UN’s World Oceans Day (8th June), Equinor launched its ambitions for reducing own emissions from ships and how the company will contribute to decarbonising shipping.   Equinor’s maritime climate ambitions are embedded in the company’s climate roadmap launched on 6 February 2020. The…

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  • Bahamas Petroleum Company announces Uruguay offshore licence award

    Bahamas Petroleum Company has announced that, in its efforts to expand the Company’s portfolio options, it has been awarded the AREA OFF-1 petroleum licence offshore Uruguay.   Highlights   BPC has been awarded the OFF-1 licence, offshore Uruguay   OFF-1 contains a management estimated resource…

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  • Gazprom plans fracturing in Western Siberia

    Gazprom Neft subsidiary Bazhenov Technology Centre will drill and complete in the Salymsky-3 block for commercial development of the Bazhenov formation, Khanty-Mansi Autonomous Okrug-Yugra of western Siberia.   Commercial production of non-conventional oil is expected in 2025.   The first exploration and appraisal well, with a one km-plus horizontal section,…

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  • Insurance Jottings

    Lloyd’s Creates Single Body for Governance to Improve Speed, Efficiency of Decisions Lloyd’s has announced it has merged the Council of Lloyd’s with the Franchise Board, creating one body to govern the marketplace.   The decision to merge the two entities was first announced in…

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  • People in the News

    Castel names Navigators exec as marine head Castel Underwriting Agencies, the MGA platform now part of Arch Capital Group, has named Gert van Middelkoop head of its new marine centre of excellence.   Gard names Nilssen UK managing director Marine insurer and P&I club Gard…

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  • LNG Exports From US Could Hit Bottom

    Market data have been showing a downward trend in US exports of liquefied natural gas.   Upcoming figures this week could reveal whether the trendline changes direction.   Read on to learn more about what to watch this week in the LNG – and oil…

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  • New report identifies five key changes in Gulf of Mexico E&P

    A new analysis on Gulf of Mexico E&P activities offered by Wood Mackenzie foresees a difficult year ahead in 2020 but with possible recovery taking place next year.   The new report, entitled “After the crash: five key changes in US Gulf of Mexico,” discusses…

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