Japan’s Foreign Ministry says a Japanese navy surveillance aircraft has spotted a Dominican-flagged oil tanker apparently transferring fuel to a North Korean tanker in the open seas. A ministry statement said on the 24th January that the possible transfer in violation of UN Security…
Norway’s offshore safety regulator, the Petroleum Safety Authority (PSA), has given its consent to Aker BP to use the Maersk Interceptor jack-up rig in the North Sea. The consent covers the use of the Maersk Interceptor rig for drilling and completion of two water…
China’s General Administration of Customs has confirmed what liquefied natural gas industry insiders have been speculating for weeks: There is a new Number Two in town. China imported 38.1 million tons of LNG in 2017, according to customs data released on the 23rd January….
Oil’s advance slowed after prices hit a new three-year high amid signs that US crude stockpiles increased last week. Futures were little changed in New York after closing on the 23rd January at the highest level since December 2014. Industry data signalled inventories rose…
Premier Oil has lifted the first export cargo of oil of approximately 500,000 barrels from its Catcher development set in the UK sector of the North Sea. The development was brought on stream on the 23rd December 2017, and the first cargo was lifted on Tuesday,…
Tulip Oil Netherlands Offshore BV has awarded Heerema Fabrication Group (HFG) an Engineering, Procurement, Construction and Installation (EPCI) contract for the Q10-A unmanned offshore platform. Koos-Jan van Brouwershaven, CEO of Heerema Fabrication Group, stated, “We are very pleased with this award from Tulip Oil,…
Iceland’s hope of finding oil offshore its coast is fading after China and Norway decided to back out of the island nation’s only remaining exploration licence. Cnooc Ltd, China’s state-controlled producer, and Petoro AS, Norway’s state-owned oil company, have decided to relinquish their interest…
Libya’s state energy producer National Oil Corporation has announced the restart of production at Wintershall’s Sara oil fields more than two months after they were closed by protests, in the latest sign that the OPEC nation’s oil industry may be stabilising. The fields will…
Rapidly evolving climate policies and technological breakthroughs appear likely to have the biggest impacts in Canada’s energy future, forecasters from that country’s National Energy Board suggested on the 23rd January. “Obviously, economic growth will be a key energy demand determinant. But demand will depend…
Keeping pace with the development of onshore renewable energy technology. Dennis Culligan discusses this. Dennis Culligan of risk, insurance and claims management company Longdown|EIC Risk Consulting Ltd believes a full understanding of the onshore energy sector and its risks will be vital if insurers are…
