News

  • Qatar fund is said to explore asset sales as new deals on hold

    Qatar’s sovereign wealth fund is weighing more asset sales after reducing holdings in Credit Suisse Group AG and Rosneft PJSC to support the country’s economy amid a standoff with its neighbours.   The Qatar Investment Authority, which holds shares in companies ranging from Glencore Plc to…

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  • Statoil, Shell, Total partner on Norway CCS project

    Statoil ASA is leading a new partnership with Norske Shell AS and Total E&P Norge AS to develop a large-scale carbon capture and storage (CCS) project on the Norwegian continental shelf.   The project will store carbon dioxide captured from onshore industrial facilities in Eastern…

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  • Finland reviewing Nord Stream 2 pipeline proposals

    Nord Stream 2 AG has applied for permission to construct the twin 1,200-kilometre (745-mile) Nord Stream 2 gas pipelines through the Finnish Exclusive Economic Zone (EEZ) in the Baltic Sea.   The pipeline will run for 374 kilometres (232 miles) across the Finnish EEZ, which…

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  • Plexus wins wellhead orders offshore Vietnam, the UK

    Rosneft Vietnam has contracted Plexus Holdings to supply its POS-GRIP high-pressure/high-temperature (HP/HT) adjustable rental exploration wellhead equipment for an exploration well offshore Vietnam.   This will be Plexus’ first project in Vietnam. The company says that it clinched the award based on factors such as…

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  • Insurance Jottings

    Top Challenges for London’s Re/Insurers Are Soft Market, Brexit, Regulations: IUA The top three challenges facing London market companies are the soft market, Brexit and regulatory compliance, according to a survey of International Underwriting Association (IUA) members.   In an online questionnaire, members also cited…

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  • Petrobras scoops six offshore blocks in 14th bidding round

    Brazil’s oil giant Petrobras has acquired seven blocks in the 14th Round of Bids under the Shared Production regime, six of which offshore and one onshore Brazil.   The bidding round was held on the 27th September by the National Agency of Petroleum, Natural Gas…

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  • Gas flowing again at Tamar in eastern Mediterranean

    Production has restarted at the Tamar platform offshore Israel, according to partner Delek Group.   Operator Noble Energy shut down the facility last week after finding a crack in the exhaust pipe used to release natural gas and pressure, for routine operational reasons and during…

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