News

  • Demand for Russian Gas In France Continues To grow

    A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Isabelle Kocher, CEO of Engie, took place in St Petersburg on the 15th March.   Through their respective representants, Gazprom and Engie discussed current Russian gas supplies to France.   By…

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  • Insurance Jottings

    Brexit Makes It Harder for Fintech, Financial Services Firms to Recruit Top Talent: Report Leaving the European Union is making it harder for fintech firms in Britain to recruit top talent, a report said on the 19th March, threatening to slam the brakes on a…

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  • Iraq gets new Sanctions Waiver to buy Iranian Energy

    The Trump administration has reportedly granted Iraq a further 90-day extension to the waiver exempting it from US sanctions on Iran.   CNBC quoted a senior State Department official as saying on condition of anonymity: “While this waiver is intended to help Iraq mitigate energy…

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  • Gabon Oil Company enters BW Offshore’s Dussafu licence

    BW Offshore, through its subsidiary BW Energy Gabon, has sold a ten percent interest of the Dussafu licence to the Gabon Oil Company (GOC).   BW said on the 19th March that the transaction was subject to the fulfilment of certain conditions, including approval from…

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  • Drilling starts on Blackrock west of Shetland

    Diamond Offshore’s semi-submersible Ocean GreatWhite has spudded the Blackrock prospect west of Shetland for operator Siccar Point Energy E&P.   The rig is also contracted to drill the first well on the Lyon prospect north of Shetland for Siccar Point and INEOS, with the campaign…

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  • Noble withdrawing from offshore Israel licence

    Noble Energy has agreed to transfer its operating rights in the 367/Alon D licence offshore Israel to Ithaca Energy.   This follows Noble’s recently decision to withdraw from exploration of the licence.   Ithaca, which operates the Greater Stella Area hub in the UK North…

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  • When Will the Oil Service Market Match 2014 Highs?

    The global oil service market will not return to previous highs until 2025.   That is according to energy research and business intelligence company Rystad Energy, which forecasts that global service market revenues will match the US$920 billion mark seen in 2014 in around six…

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  • Spirit Energy brings Oda field online

    E&P company Spirit Energy has started oil production from the Oda field located in the North Sea, offshore Norway, almost five months earlier than the original plan.   Oda was discovered in 2011 and the plan for development and operation (PDO) was approved in May 2017….

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  • Trestakk project cleared for start-up preparations

    Equinor has approval from Norway’s Petroleum Safety Authority to use the Trestakk field pipeline and subsea production facilities in the Norwegian Sea.   The field, 20 kilometres (12.4 miles) south of Åsgard in licence 091, is due to come onstream later this year through a…

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  • Pipeline Issues Delay Israel Gas to Egypt for Months

    Egypt will begin receiving gas from Israel under a US$15 billion deal around the middle of the year, after unexpected issues with the pipeline connecting the countries delayed the start-up by several months.   Shares of the largest Israeli partner in the gas fields fell….

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