News

  • ExxonMobil begins Canje block drilling offshore Guyana

    ExxonMobil has started drilling at the Bulletwood-1 wellsite on Canje block, offshore Guyana.   The block lies 180 km offshore in 1,700-3,000 metres of water adjacent to Stabroek block.   Bulletwood-1 is a 500 million bbl oil prospect targeting a Liza lookalike, confined channel complex…

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  • People in the News

    Aquiline-backed ERS continues specialty build-out with Hiscox’s marine and energy underwriter Lloyd’s managing agent ERS has continued on its hiring spree as it expands beyond its traditional motor focus, adding another Talbot alumnus to its ranks in the form of Phil Furlong.   Aviva adds…

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  • Qatar and Four Arab States to Fully Restore Ties

    Saudi Arabia and three other Arab states agreed to fully restore ties with neighbouring Qatar on the 5th January after a sustained US push for the countries to unite against Iran.   The breakthrough ending a dispute among some of the world’s top oil and…

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  • Russia: Annual oil production at lowest level since 2011

    Russia’s oil production declined last year for the first time since 2008 and reached its lowest level since 2011 following a global deal to cut output and low demand due to the coronavirus.   According to an article by Reuters, Russian oil and gas condensate…

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  • CDPQ, Cathay PE join Greater Changhua 1 offshore wind farm

    Caisse de dépôt et placement du Québec (CDPQ) and Cathay PE have agreed to acquire a 50% ownership share of Ørsted’s 605-MW Greater Changhua 1 wind farm offshore Taiwan.   CDPQ will be the majority owner among the two new partners.   The Greater Changhua…

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  • Santos makes FID on Bayu-Undan development drilling

    Santos Ltd, Adelaide, operator of Bayu-Undan gas field in the East Timor jurisdiction of the Timor Sea, has made a final investment decision for the US$235-million Phase 3C infill development programme.   The programme will involve drilling of three production wells, two from the fixed…

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