The New Zealand government has announced an end to new oil and gas exploration permits in the country. The announcement was made on the 12th April by Labour Party leader and New Zealand Prime Minister, Jacinda Ardern, speaking at Victoria University on the government’s environment…
BP has signed a Memorandum of Understanding to explore areas of cooperation with Brazilian oil giant Petrobras. The MoU was signed in London on the 11th April by heads of the two companies to complement and reaffirm the commitments contained in the Letter of Intent…
Lloyd’s broker AFL taps chief commercial officer from JLT Independent Lloyd’s broker AFL has appointed Jonathan Bines, formerly a specialty property & casualty senior partner at JLT, as chief commercial officer. Mr Bines previously worked at Marsh as vice president and Integro Insurance Brokers…
ExxonMobil expects to restart production from its Papua New Guinea liquefied natural gas project at the start of May after it was shut following an earthquake in February, ExxonMobil LNG Vice President Emma Cochrane said on the 11th April. The US$19 billion LNG facility,…
ON the 11th April, Saudi Aramco signed an initial deal with a consortium of Indian refiners to build a US$44 billion refinery and petrochemical project on India’s west coast, as the kingdom moves to secure buyers for its crude in a market awash with oil. …
BP has announced that, together with its partner the Oman Oil Company Exploration & Production, it has approved the development of Ghazeer, the second phase of the giant Khazzan gas field in Oman. The final investment decision (FID) for Ghazeer follows the successful start-up…
Italian oil company Eni expects its production to increase by 3.5% per year over the next four years with plans to invest €900 million (US$1.1 billion) per year on exploration activities and discover two billion barrels of new resources. On the 10th April Eni CEO…
Exxon Mobil Corporation is in talks with Qatar over a possible deal which could see the country investing in the company’s US shale gas resources, the Wall Street Journal reported on the 10th April. The deal could take the shape of a joint venture…
Abu Dhabi National Oil Company has launched its first competitive oil and gas licensing round, offering four onshore and two offshore blocks that cover nearly 30,000 square kilometres. The company has opened a website dedicated to the round where interested bidders can register and…
As a direct response to New Jersey Governor Phil Murphy’s goal to promote the development of 3,500 MW of offshore wind by signing Executive Order #8 in January 2018, EDF Renewable Energy (EDF RE), who has been preparing for the New Jersey market to open…
