News

  • Woodside and BHP to finalise US$29 billion tie-up

    Australia’s BHP Group and Woodside Petroleum have signed a binding share sale agreement (SSA) for the merger of BHP’s oil and gas portfolio with Woodside, under which Woodside will acquire the entire share capital of BHP Petroleum in exchange for new Woodside shares.   The…

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  • Insurance Jottings

    Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty pay-outs.   Faced with increased…

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  • Maersk drillship gearing up for Namibian ultra-deep-water well

    French energy major TotalEnergies is preparing to drill a wildcat well in waters offshore Namibia, using a Maersk Drilling-owned drillship. According to the latest AIS data, the Maersk Voyager drillship departed Luanda, Angola on 14 November and was expected to reach Walvis Bay in Namibia…

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  • Petrobras Hits The Mark With Exploration Well Off Brazil

    Brazilian state-owned oil company Petrobras has identified the presence of hydrocarbons in the Santos Basin pre-salt, in a pioneer well in the Aram block.   The Curaçao well, otherwise designated as 1-BRSA-1381-SPS, is located 150 miles from the city of Santos, in the state of…

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  • TechnipFMC entering tidal energy venture

    TechnipFMC has a memorandum of understanding with Orbital Marine Power to collaborate in tidal energy.   The aim is to speed up commercialisation of Orbital’s technology and deliver the first commercial-scale floating tidal field.   Orbital’s floating turbine, according to TechnipFMC, is the most powerful developed to…

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  • German Gas Imports Fall 4% in Jan-Sept, Bill Jumps 57%

    Germany imported 4% less natural gas in the first nine months of 2021 versus a year earlier, but its bill rose 57% as prices surged, data from trade statistics office BAFA showed on the 17th November.   Tight gas supply has sent prices spiralling in Europe and elsewhere, and…

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