News

  • Turkmenistan adding new units at Turkmenbashi, Seydi refineries

    Turkmenistan is proceeding with construction of new units at its Turkmenbashi Complex of Oil Refineries (TCOR), which includes the Turkmenbashi and Seydi refineries.   Westport Trading Europe Ltd (WTL) is currently accelerating engineering, procurement, and construction (EPC) activities on a €120-million project to add a…

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  • Insurance Jottings

    Lloyd’s may only write German reinsurance business via Brussels from October Managing agencies will only be able to provide reinsurance to German cedants via the Lloyd’s Brussels platform from the end of October unless the UK secures Solvency II equivalence before then, the Corporation has…

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  • Neptune Makes Largest 2020 Norway Discovery

    Neptune Energy has announced the commercial discovery of oil at the Dugong well in the Norwegian sector of the North Sea.   The find, which Neptune says is the largest discovery in Norway so far this year, is estimated to contain between 40 and 120…

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  • UOG scoops Tullow’s stake in Jamaican offshore licence

    Oil and gas company United Oil & Gas (UOG) has been assigned Tullow Oil’s stake in the Walton Morant licence off Jamaica, which the company now fully owns.   UOG said on the 3rd August that the government of Jamaica assigned Tullow Jamaica’s 80 per…

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  • Who Will Own the Hydrogen Future: Oil Companies or Utilities?

    Within the span of a week, major utilities Iberdrola, Uniper and NextEra all made moves into the hydrogen market, in a reminder that the miracle molecule is not the sole domain of the oil and gas sector.   But whether utilities will have the ability — or need — to compete…

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  • Kish pipeline shore pull completed offshore Iran

    Shore-pulling operations have finished for an extension of the Kish-Garzeh offshore gas pipeline project in the Persian Gulf.   Pars Oil and Gas Company official Abdullah Mehrabi told news service Shana that the programme on the 2.2-km (1.37-mile) subsea pipeline extension started on the 21st…

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  • Marathon permanently idles two US refineries

    Marathon Petroleum Corporation is permanently shuttering crude oil processing at two of its US refineries as part of the operator’s strategy to increase its overall competitiveness as a result of decreased product demand caused by the ongoing coronavirus health crisis.   MPC has decided to…

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