The recent attacks on Saudi’s oil infrastructure would have undoubtedly had a much larger impact on the world’s oil markets. Now, less than a month later, the prices of West Texas Intermediate and Brent crude are actually below the prices prior to the attacks. …
AIG looks to Chubb for energy head James Langdon will become UK head of energy & construction for general insurance. Markel builds new claims leadership team for wholesale and national markets business Specialist insurer Markel International has formed a new leadership team for claims…
ODE Asset Management (ODE AM), a subsidiary of engineering and operations support services contractor ODE Group, has been appointed as an installation operator of the Tolmount Platform in the Southern North Sea. The Tolmount platform and associated gas export pipeline comprise the Humber Gathering…
Shell and its partner Ithaca Energy (UK) Limited have taken a final investment decision on the Pierce Depressurisation Project in the UK Central North Sea. The move will enable Shell to start exporting gas from the Pierce field, Shell said on the 3rd October….
Abu Dhabi’s government-owned energy giant has kicked off the potential sale of a stake in its natural gas pipelines, in a deal which could fetch about US$5 billion, people with knowledge of the matter said. Abu Dhabi National Oil Company, producer of about a…
BP Exploration has awarded Subsea 7 two contracts for the Azeri Central East (ACE) project in the Caspian Sea. The work scopes comprise engineering and fabrication of subsea structures, engineering, transport and installation of spools, the launching of a 16,200-metric ton jacket, and the…
By converting natural resources into sustainable electricity, renewable energy technology is opening the door toward a cleaner and healthier environment. The global renewable energy market is expected to exceed US$1.5 trillion by the year of 2025. Some of the world’s largest corporations are…
Cyber-Attacks Named as Top Business Risk in US, Canada and Europe, by WEF Survey Cyber-attacks are named as the leading risk for business executives in the United States, Canada and Europe, according to a survey of business leaders published by the World Economic Forum. …
Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a substantial rebound is not expected, said IHS Markit in a recent report. The low levels in discoveries come as a result of a pullback…
After rebounding in second quarter of 2019, US upstream mergers and acquisitions (M&A) activity maintained its momentum in third quarter, according to analysis released on the 2nd October by oil and gas data analytics company, Enverus. Deals surpassed US$17 billion in the third quarter,…
