News

  • Ampelmann expands Russia presence with new Sakhalin office

    Ampelmann, an offshore access solutions provider, has opened a new office in Sakhalin in a move to expand its presence in the local market.   Ampelmann said on the 12th February that the office would be manned by a full-time team of two – operations…

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  • Somalia opens offshore licensing round

    Somalia is inviting bids for 15 blocks across various basins under the country’s 2019 offshore licensing round.   Delegates from the country’s Federal Ministry of Petroleum and Mineral Resources outlined the terms in London last week at an event organised by Spectrum Geo.   The…

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  • Chevron Pledges to Work With US to Remain in Venezuela

    Chevron Chief Executive Officer Mike Wirth pledged to work closely with the US to remain in Venezuela despite a spiralling crisis which has led rival oil major Total to retreat.   “Our strong intent is to stay on the ground in Venezuela and be part…

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  • Energy plots grassroots refinery for Permian basin

    Meridian Energy Group Inc has let a contract to Winkler Companies LLC to provide site control for a full-conversion refinery in Winkler County, Texas, in the heart of the Permian basin.   The Permian basin refinery, which will process local crude form the Delaware basin…

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  • Perenco reported to be considering sale of North Sea gas fields

    According to a report in ‘The Telegraph’, Perenco is preparing to sell a swathe of North Sea fields in one of the basin’s ­biggest deals in recent years.   French energy giant Perenco, which produces around 15 percent of the UK’s ­domestic gas, has hired advisers…

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  • Insurance Jottings

    France draws up insurance emergency measures as hard Brexit nears As the deadline for a no deal Brexit moves closer, the French government has published emergency measures relating to financial services and insurance, global law firm Clyde & Co has confirmed. John Neal reveals new…

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  • People in the News

    Duclos named non-exec-chairman of Lloyd’s Global Network Lloyd’s has named industr5y veteran David Duclos as non-executive chairman of Lloyd’s Global Network where he will play a key advisory role in the development of Lloyd’s international network.   Mr Duclos has had extensive international industry experience…

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  • BP brings two more gas fields onstream offshore northern Egypt

    BP has produced first gas from two more fields in the West Nile Delta (WND) concession in the Mediterranean Sea offshore Egypt.   According to partner DEA Deutsche Erdoel, gas is flowing from eight recently completed wells on the Giza and Fayoum fields through newly…

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  • Kuwait Petroleum to Reassess US$500 billion Spending Plan

    Kuwait Petroleum Corporation is reassessing plans to spend about US$500 billion in capital investment and may decide this year to combine its eight business units into four to streamline the company.   Lower oil prices, Kuwait’s reduced output under a deal by OPEC to pump…

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