News

  • Insurance Jottings

    Cefor releases 2018 marine hull claims trends from the Nordic Marine Insurance Statistics (NoMIS) database, elects new Chair and members of the Board Sea of tranquillity? “2018 was the third consecutive year with an exceptionally low claim cost, but the start of 2019 could mark…

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  • Significant Gas Discovery at Karish North

    Energean Oil and Gas plc announced the 15th April that the Karish North exploration well offshore Israel has made a “significant” gas discovery.   Preliminary analysis of the find indicates initial gas in place estimates of between 1 and 1.5 trillion cubic feet, according to…

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  • Sonangol Ramping Up Oil Production in Iraq

    Sonangol has said it plans to increase production at its Najmah and Qayara oilfields to about 230,000 barrels per day (bpd).   The Angolan state oil company owns 75 percent of the oilfields, south of the city of Mosul, with estimated oil reserves of more…

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  • Aramco unit buys stake in Hyundai Oilbank

    Aramco Overseas Company BV, a subsidiary of Saudi Aramco, will purchase a 17% stake in South Korean refiner Hyundai Oilbank, supporting Aramco’s oil placement strategy by providing a dedicated outlet for Arabian crude to South Korea.   Abdulaziz Al-Judaimi, Aramco’s senior vice-president of downstream, said…

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  • Maersk Supply Service to pilot energy advisory system

    Maersk Supply Service has a signed a contract with Eniram, a Wärtsilä company, to install an energy advisory system on its vessels.   Proof of concept will be carried out on two of Maersk Supply Service’s vessels: one M-class anchor handling tug supply vessel and…

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  • Exxon, Others Add to Claims That US Sold Toxic Crude

    Exxon Mobil Corporation is the latest company to raise concerns that a stockpile of US government crude is tainted with poisonous gas.   The American energy giant said some of the oil it purchased last year from the Energy Department’s Strategic Petroleum Reserve, or SPR,…

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