News

  • Lundin upgrades resources in North Sea Grieg area

    Lundin Energy has raised its estimate of recoverable reserves from the Edvard Grieg field in the Norwegian Sea to 350 MMboe.   This is 90% higher than envisaged in the original plan for development and operation.   The 50-MMboe increase, audited by ERC Equipoise, follows…

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  • Oil and Gas Discovery Close to North Sea Fram Field

    Equinor and its licence partners Petoro AS and Wellesley Petroleum AS have found oil and gas in the Swisher prospect.   Recoverable resources are estimated to be in the range of 2-6 million standard cubic metres of oil equivalent, corresponding to 13-38 million barrels of…

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  • People in the News

    Berkley Offshore launches ocean cargo line with AmWINS hire Berkley Offshore Underwriting Managers has launched a new ocean cargo product line within its marine division, with Mark Bernas joining from AmWINS to take responsibility for the offering.   Astaara hires ex-RSA marine product head Potter…

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  • Fuel Flotilla Heads to Venezuela

    The first vessel in an Iranian convoy of ships bringing desperately needed fuel arrived in Venezuela, demonstrating both nations’ determination to undermine US efforts to isolate the governments in Tehran and Caracas.   The Iranian tanker Forest entered Venezuelan waters early on the 28th September,…

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  • The Outlook for the World’s Largest Biofuels Market

    The US is the world’s largest biofuels market. Bolstered by more than a decade of supportive policy, almost one in every ten barrels of road fuel consumed in the US is biofuel.   Yet the growth potential of conventional biofuels is limited, and there is…

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  • Third successive well completed at North Sea Sillimanite Unit

    Wintershall Noordzee has successfully converted its recent Sillimanite South field discovery well in the Dutch North Sea to a development side track.   This was the third well drilled in sequence after the two Sillimanite Unit field development wells came onstream earlier this year.  …

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