News

  • People in the News

    Schnorr named CEO of StarStone’s Lloyd’s managing agency Enstar-owned StarStone has promoted its global head of marine and offshore energy Simon Schnorr to chief executive of its Lloyd’s business – StarStone Underwriting Limited   Beazley names Diamond group head of claims as Hobkinson retires Blue…

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  • EU Majors Take Stakes in Abu Dhabi Oil Bourse

    BP Plc, Royal Dutch Shell Plc, Total SA and Vitol Group are among partners in a new exchange to trade Abu Dhabi’s flagship oil grade in what could become a new price benchmark for a fifth of the world’s crude.   Intercontinental Exchange Inc Chairman…

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  • Timor-Leste awards Chuditch offshore block to SundaGas

    The government of Timor Leste has signed a production sharing contract with Sunda Gas and TIMOR Gap – the national oil company of Timor-Leste – for an offshore block containing the Chuditch discovery.   The licence, formally named the PSC TL-SO-19-16, is situated in the…

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  • Aramco commits to zero flaring

    Saudi Aramco is joining the World Bank Initiative: ‘Zero Routine Flaring by 2030.’   The company says it is strongly committed to reducing flaring, which accounted for less than 1% of its total raw gas production during the first half of this year.   Ahmad…

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  • RCG Chooses Redflow for Off-Grid Energy Storage in New Zealand

    The New Zealand Rural Connectivity Group (RCG) has chosen Redflow zinc-bromine flow batteries to store energy in off-grid telecommunication sites in remote rural locations.   Commercial negotiations to establish a direct relationship between RCG and Redflow to purchase batteries are now underway.   The RCG…

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  • Alberta Oil Exports Curbed

    Alberta’s delay in announcing the sale of its crude-by-rail contracts is hindering oil exports just when a pipeline shutdown has made train shipments vital.   Oil producers are leaning on rail capacity now that TC Energy shut its 590,000 barrel-a-day Keystone pipeline due to a…

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  • Woodside increases gas estimate for Scarborough project

    Australian oil and gas company Woodside has completed subsurface studies on the Scarborough gas field, resulting in a resource volume increase of 52 percent.   Woodside said on the 8th November that the estimated gross contingent resource (2C) dry gas volume for the Scarborough field…

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  • Ivory Coast seeks oil majors as it opens oil & gas licensing round

    Ivory Coast wants more explorers for oil and gas as it seeks to boost economic growth, according to Energy Minister Abdourahmane Cissé.   The West African nation opened a new licensing round for five offshore blocks which are close to other discoveries and infrastructure, Mr Cissé  said…

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