News

  • Insurance Jottings

    Standard Club Circular Please read the attached article: https://www.standard-club.com/risk-management/knowledge-centre/news-and-commentary/2020/12/21-december-2020-standard-uk-circular-brexit-update-the-standard-club-uk-limited.aspx   Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability The Lloyd’s market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in…

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  • ADNOC Signs Exploration Deal with Eni and PTTEP

    The Abu Dhabi National Oil Company (ADNOC) revealed on the 21st December that it has signed an exploration concession agreement with a consortium led by Eni Abu Dhabi BV, a wholly-owned subsidiary Eni, and PTTEP MENA Ltd, a wholly-owned subsidiary of PTT Exploration and Production…

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  • Shearwater secures 3D contract offshore India

    Seismic exploration company Shearwater GeoServices has won a contract by ONGC to provide a 3D broadband marine seismic acquisition services in the Western Offshore India area.   The four-month campaign covers two areas totalling 2,800 square kilometres in the Arabian Sea off the west coast…

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  • Norway, UK heading for offshore pick-up in 2021

    Investment in the UK and Norwegian offshore sectors should rise next year, according to Westwood Global Energy Group, with exploration potentially recovering to 2019 levels.   On the UK continental shelf, production looks set to fall slightly to 1.64 MMboe/d, due to operators this year…

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  • Pakistan to Build Pipeline with Russia for LNG

    Pakistan will start building a 1,100 kilometre (684 mile) pipeline in July with Russia that will allow the South Asian nation to operate more liquefied natural gas terminals.   The South Asian nation will have a majority share of 51% to 74% in the project,…

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  • Van Oord orders cable-lay vessel

    Van Oord has contracted Vard in Norway to build a DP-2 cable-laying vessel.   The vessel, based on the VARD 9 02 design, is expected to be fully operational in 2023.   According to the company, the vessel has been designed with sustainable technologies to…

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  • Aker BP to produce Gråsel field late 2021

    Aker BP and licence partners will go forward with development of Gråsel in the Norwegian Sea, about 210 km west of Sandnessjøen. Final investment decision was made on the 17th December.   First oil is expected fourth-quarter 2021.   Gråsel (Grey Seal) is within the…

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