News

  • Ampelmann wins five offshore wind contracts

    Ampelmann, the Dutch offshore access provider, has secured five new contracts in offshore wind over the course of a month with Norwegian companies BOA, Volstad, Olympic Shipping, Siem Offshore and DOF.   The company will provide two A-type and three E1000 systems, which will aid…

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  • BP to divest global petrochemical assets

    INEOS AG subsidiary INEOS Styrolution Group GmbH has agreed to purchase the entirety of BP PLC’s standalone global petrochemical assets in a deal worth US$5 billion.   The proposed sale – which includes INEOS’s purchase of 14 of BP’s petrochemical manufacturing plants in the Asia…

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  • Insurance Jottings

    Bank of England Tells Insurers, Banks to Continue Analyses of Impact of Climate Risk The Bank of England (BoE) has told banks and insurers to press ahead with analysing the impact of climate change on their operations, saying that guidance published on the 29th June…

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  • Another Crude Build Could Be on the Horizon

    Crude oil inventory data could become more bearish soon, predicts one regular Rigzone market-watcher.   Keep reading to learn more, along with additional insights about what to watch this week in the oil market.   Andrew Goldstein, President, Atlas Commodities LLC: Over the next few…

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  • BSEE report highlights response preparedness

    The Bureau of Safety and Environmental Enforcement (BSEE) has published its inaugural report which summarises the key lessons learned from 2018 and 2019 government initiated unannounced exercises on the US outer continental shelf.   The inaugural report, whose purpose is to improve domestic and international…

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  • Refiners Shun Venezuelan Crude

    India’s largest private refinery has halted purchases of Venezuelan oil, putting additional pressure on the Latin American country’s beleaguered oil industry.   Reliance Industries Ltd, which runs the biggest refinery in the world in Jamnagar and accounted for 25% of Venezuela’s exports last year, has…

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