News

  • Insurance Jottings

    UK Must Avoid Being a ‘Mere Taker’ of EU Financial Services Rules in Return for Access Britain should not submit to the European Union’s financial services rules just to get better access to the bloc’s market after Brexit, Bank of England Governor Andrew Bailey said…

    Read more
  • New Proposed Board Appointments for Premier Oil

    Premier Oil has announced the proposed appointment of three additional directors to its board.   Alan Ferguson, Margareth Ovrum and Andy Hopwood will be appointed following the completion of the proposed merger between the company and Chrysaor Holdings Limited by way of reverse takeover. The…

    Read more
  • Chrysaor granted permits for two North Sea wells

    The Norwegian Petroleum Directorate (NPD) has granted Chrysaor drilling permits for two wells located in the North Sea offshore Norway.   The NPD said on the 11th January that Chrysaor had been granted a drilling permit for wildcat well 15/12-25 and another one for wildcat…

    Read more
  • Greek Investor Buys Second Australian Solar Farm

    Construction is expected to begin “shortly” on the 110MW Moura solar farm in Queensland’s Banana Shire after the project was bought by Greek industrial company, Mytilineos.   Esco Pacific said on the 5th January that it had completed the sale of the power purchase agreement-backed…

    Read more
  • Consortium to study offshore green hydrogen production

    The European Commission’s Fuel Cells and Hydrogen 2 Joint Undertaking has awarded the Oyster project consortium €5 million (US$6 million) to investigate and demonstrate a combined offshore wind turbine and electrolyser system designed for operation in marine environments.   The consortium, which consists of ITM…

    Read more
  • Ghana is set to open sub-Saharan Africa’s first liquefied natural gas-to-power project as it moves to position itself as a hub for the cleaner and cheaper fuel in the region.   LNG-to-power projects have been booming from Asian to Latin American in recent years as…

    Read more
  • Saudi Arabia ends blockade of Qatar

    In June 2017 Saudi Arabia, Egypt, the United Arab Emirates and Bahrain commenced a blockade on Qatar by land, air and sea. The decision to sever relationships with Qatar was seen as an attempt to force them to change a number of diplomatic policies, in…

    Read more
  • PGNiG granted regulatory approval for North Sea acquisitions

    PGNiG Upstream Norway has received formal approvals from the Norwegian petroleum authority to acquire interests in licences covering Equinor-operated Kvitebjørn and Valemon fields in the North Sea.   Interests in four licences were acquired by the PGNiG SA subsidiary in September 2020 from Norske Shell….

    Read more
  • Prosafe support rig heading to Trinidad and Tobago

    Prosafe has signed a contract with an unnamed company to provide accommodation and construction support using the Safe Concordia in Trinidad and Tobago.   The contract is expected to start in 2Q 2021.   Source: Offshore Magazine

    Read more