Asta to launch Agora syndicate Lloyd’s third-party managing agent Asta said on the 22nd September that it received “in principle” approval from the Lloyd’s Franchise Board to establish and manage Agora syndicate 3268. In 2015, Asta and leading marine insurance provider Skuld announced the…
Sri Lanka is in talks with two Chinese companies about investing up to US$3 billion to build in a new refinery at its Chinese-controlled port, a top government official said on the 22nd September. Sri Lanka wants to build a new refinery in its…
Total E&P USA Inc has entered into an agreement to capture seven prospects operated by Chevron USA Inc in the deepwater Gulf of Mexico. The agreement covers 16 blocks. The associated prospects are located in two promising plays and areas of the GoM: Wilcox…
Clontarf Energy has issued details of prospective targets in block 18 offshore Equatorial Guinea, which the company was awarded under the country’s 2017 Bid Round. The concession extends more than 5,056 square kilometres (1,952 square miles) of undrilled deepwater acreage with various play types. Clontarf’s…
Iran Marine Industrial Company (SADRA) is currently constructing ten offshore gas platforms, according to news service Shana. Three should be ready for installation by the end of late March 2018. Hessamodin Amiri, director of project control at Pars Oil and Gas Company, said…
This week Norway’s sovereign wealth fund, popularly known as the oil fund, has reached a staggering value of one trillion US dollars (US$1,000,000,000,000) for the first time. The world’s largest sovereign wealth fund got its first capital in 1996 when the oil revenue from…
Irish oil and gas company Providence Resources has decided to push forward drilling plans of the Barryroe oil discovery offshore Ireland, despite the farm-in talks not progressing as planned. Barryroe lies in standard exploration licence (SEL) 1/11 operated by Providence’s wholly owned subsidiary Exola…
The technology group Wärtsilä has been contracted to provide the generating equipment for a new 48 MW power plant to be built in Indonesia. The plant will be operated by PT PLN, the Indonesian Government owned utility, which already has a number of power…
The Shah Deniz consortium has reported that the topsides of the production and risers (PR) platform for the Shah Deniz Stage 2 project has been installed in the Azeri sector of the Caspian Sea. This follows the safe and successful sail away and offshore…
Statoil is partnering with Techstars to create a global accelerator programme for innovators and entrepreneurs who aspire to shape the future of energy. Techstars will reach out through its global network to identify, recruit, and select the world’s ten most promising energy innovators and…
