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We wish our many friends around the world a happy, healthy and wealthy New Year!

All restrictions on the flow of oil and gas from platforms feeding into the Forties pipeline system have been fully lifted.   Ineos, the operator of the pipeline system which carries the North Sea oil and gas to shore, said on the 28th December that…

Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days, another step in its plan to become a regional energy hub.   The new 2.5 kilometre wharf is being built by…

New oil exploration in Arctic federal waters is underway this week with the spudding of a new oil well from an existing man-made island in the Beaufort Sea, according to a news release issued by the Bureau of Safety and Environmental Enforcement.   The agency…

Australia’s Santos will evaluate the Paus Biru prospect located in the Sampang PSC offshore Indonesia with a new exploration well, which will be drilled in the fourth quarter of 2018.   Santos is the operator of the Sampang Production Sharing Contract (PSC) with a 45% interest with Singapore…

US officials have approved a 60-million ton expansion of a south-eastern Montana coal mine which serves one of the largest power plants in the western United States, Interior Secretary Ryan Zinke’s office said.   The approval will extend the life of Westmoreland Coal Company’s Rosebud…

Trump rolls back offshore safety rules born from BP’s Macondo disaster The Trump administration is rolling back offshore drilling rules put in place after the 2010 Macondo well blowout and resulting Deepwater Horizon disaster killed 11 workers and spewed millions of barrels of oil into the…

Reinsurers have a crucial role to play in Cyber Solutions. Dennis Culligan sets out his thoughts. The debate over cyber cover continues and Dennis Culligan of risk, insurance and claims management company Longdown|EIC Risk Consulting Ltd warns that the market has to ensure that what…

Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand because the industry has cut back so sharply on higher-risk mega-projects.   Discoveries of new reserves this year were the fewest on record and replaced just…

Repsol has brought Sagari gas-condensate field on stream on Block 57 in Peru. The block’s production is expected to be quickly ramped up to 5.6 million cu m/day, equivalent to one fourth of Peru’s natural gas demand.   Sagari was discovered in 2012. Production is…