Noble Energy has said achieved its quarterly record in gas sales in Israel during the third quarter of the year. The company, which produces gas in Israel from its Tamar offshore field, said on the 1st November that it had sold a record of…
Encana Corporation, Calgary, has agreed to an all-stock transaction valued at US$7.7 billion – including the assumption of US$2.2 billion net debt – to combine with Newfield Exploration Company, The Woodlands, Texas, entering the oil-rich STACK-SCOOP in the Anadarko basin. The deal creates North…
Lloyd’s to write fac, non-proportional XoL treaty reinsurance from Brussels Specialist re/insurance market Lloyd’s of London has revealed that it will write facultative reinsurance and non-proportional excess of loss (XoL) treaty reinsurance on Lloyd’s Brussels paper from the 1st January 2019 across all markets in…
Houston-based oil and gas company Apache plans to accelerate initial production from its Garten discovery located in the UK North Sea. In its financial report for the third quarter 2018 published on Wednesday Apache said it would fast-track first production from the Garten discovery…
Higher OPEC oil production and longer voyages are propelling shipowners back to good times. Just a month ago, hiring a supertanker for the benchmark Middle East Gulf-to-China route cost about US$18,000 a day. That almost tripled to US$51,000 a day as of the 29th…
The industry has finally moved past years of “cautious optimism” to a less delicate approach. Oil and gas executives are largely optimistic about the 2019 outlook for the industry, reveal findings from a new Deloitte survey. According to Deloitte’s 2018 oil, gas and…
Panoro Energy has plans to use the CTF-4, a 2,000-horsepower onshore rig for the drilling of the Salloum West-1 well (“SAMW-1”) located in the Sfax Offshore Exploration Permit, offshore Tunisia. The oil company has signed a Heads of Terms for the supply of the…
The Chancellor of the Exchequer Philip Hammond has delivered the 2018 Autumn Budget, which included several points relevant to the UK oil and gas industry. The budget report outlined that the government is maintaining headline tax rates at their current level, which “will help…
Construction works have started for the 105-kiloometre (65-mile) offshore section of the Trans Adriatic Pipeline (TAP), with pipelay due to follow next year. TAP project director John Haynes said: “This is the first time for engineering works of such a scale and magnitude to…
Equinor has awarded a jacket contract for the processing platform for Johan Sverdrup phase 2 to Kværner. The contract value is around NOK 900 million (US$107 million). With this award Kvaerner will deliver the fourth substructure for the Johan Sverdrup field located offshore Norway,…
