News

  • People in the News

    Liberty appoints senior war and terrorism underwriter Liberty Specialty Markets (LSM) has appointed Jennie Beard to the new role of senior underwriter war and terrorism.   Based in LSM’s London headquarters, Ms Beard will report to Paul Beattie, underwriting manager war & terrorism. Ms Beard…

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  • Lundin drilling focus on Barents Sea, Edvard Grieg

    Lundin Petroleum has issued an update on its exploration and development drilling programmes offshore Norway.   The company has chartered Ocean Rig’s semi-submersible Leiv Eiriksson for a flexible term with multiple well option slots. Lundin currently plans to deploy the rig for all its operated…

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  • Bluestream Successfully Inspects HVDC Platforms

    Offshore HVDC platforms DolWin alpha, BorWin alpha and DolWin beta in the German section of the North Sea have been fully inspected by Den Helder-based Bluestream, provider of innovative inspection services for the offshore oil, gas and wind industry.   Bluestream’s ability to deliver multidisciplinary…

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  • Three-year Strategic Plan for Basra Oil and Gas

    The southern Governorate of Iraq, Basra, now has a three-year strategic plan for oil and gas.   As a key pillar of Basra’s economy, this industry is supposed to employ thousands of workers and generate billions of dollars of revenue each year. Unfortunately, the industry…

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  • Iraq Increases Oil Export Capacity

    Oil Minister Jabar Ali al-Luaibi said on the 2nd November that oil export capacity at Iraq’s southern ports has increased to 4.6 million barrels per day (bpd), following the completion of its fifth single floating terminal.   The new terminal has a capacity of 900,000…

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  • Third Liwan gas development on track for 2021 start-up

    Husky Energy is working towards sanction of the Liuhua 29-1 development, the third deepwater gas field serving the Liwan gas project in the South China Sea, after concluding a gas sales agreement.   Construction should start next year followed by first gas in 2021. Production…

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  • Insurance Jottings

    New back office deal to save London market £100 million A new five-year contract which will see bureau services for the London market continue to be outsourced to DXC Technology has been heralded by the London market for its future cost savings.   The Lloyd’s Market Association…

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  • Africa’s oil industry needs to harness innovation, technology

    The oil and gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and local talent together with new expectations from investors and regulators. “Africa’s oil & gas industry is experiencing significant change and upheaval. There…

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  • Shell Completes Sale of Gabon Onshore Interests

    Royal Dutch Shell Plc, through its affiliates, has completed the sale of its entire Gabon onshore oil and gas interests to Assala Energy Holdings Ltd a portfolio company of The Carlyle Group, for a total of US$628 million including amount equivalent to interest.   This…

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