News

  • Insurance Jotting

    What Will Brexit Trade Deal Mean for City of London? Britain, which left the European Union in January, loses full access to the bloc under transition arrangements that end at 23:00 GMT on the 31st December.   The 27-nation EU is Britain’s biggest financial services…

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  • Troops Fight Off Attack Near US$20 billion LNG Project

    Mozambique said its security forces have repelled an attack by Islamist insurgents on a town close to the site where Total SE is building a US$20 billion natural gas facility.   The attack took place about 21 kilometres (13 miles) from Total’s project overnight on…

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  • Golar to continue FSRU operations offshore Croatia

    Golar LNG has sold its FSRU LNG Croatia (ex-Golar Viking) to LNG Hrvatska.   The sale should release around US$47 million of free cash to Golar following repayment of the vessel debt facility and settlement of remaining conversion and commissioning costs.   Golar will now operate…

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  • KrisEnergy starts up Cambodia’s first offshore oil field

    KrisEnergy started producing oil from Cambodia’s first oil field in the offshore Block A concession on the 28th December 2020.   KrisEnergy said  that the Apsara field began flowing from a single development well and the flow rate will take at least 24 hours to…

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  • Gazprom Moving Forward With its LNG Projects

    The Gazprom Board of Directors has taken note of the information about the ongoing implementation of the liquefied natural gas production and supply projects.   It was highlighted that the new coronavirus pandemic has had a negative impact on the long-term outlook for the global…

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  • Russian pipelayer leaves Nord Stream 2 construction site

    The Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in the Baltic Sea which could mean that the 2.6-kilometre pipeline stretch off Germany could be completed.   According to AIS data from the 28th December, the Fortuna vessel left…

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  • Santos grabs exploration permit off Australia

    Australian energy major Santos has been granted an offshore exploration licence in Australia’s Northern Carnarvon Basin.   The Exploration Permit WA-546-P was granted by National Offshore Petroleum Titles Administrator (NOPTA) last week, with the expiration date set at 20 December 2026.   Santos applied for…

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  • Eni Finds Oil in Egypt Desert

    Eni has announced a new oil discovery in the Meleiha Concession in the Western Desert of Egypt.   Achieved through the Arcadia 9 well on the Arcadia South structure, the find is located a mile south of the main Arcadia field already in production. The…

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  • Canadian Government Supports Hibernia Project

    The Premier of Newfoundland and Labrador, Andrew Furey, has announced financial support for the Hibernia Project.   Under the support package, Hibernia Management and Development Company Ltd (HMDC) will receive up to US$38 million to restart well work, perform drill rig upgrades and invest in…

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