Drilling activity offshore the UK remains depressed, according to Oil & Gas UK’s 2018 Economic Report. During the first half of the year, 41 development wells were drilled, six fewer than in the corresponding period in 2017. The dip was due to reduced…
Cairn Energy and its partners are aiming for approval later this year of their development plan for the deep-water SNE oil field offshore Senegal. The field extends over ~350 square kilometres (135 square miles) and according to Cairn has two distinct horizons, with a…
Had California and Germany invested US$680 billion into new nuclear power plants instead of renewables like solar and wind farms, the two would already be generating 100% or more of their electricity from clean (low-emissions) energy sources, according to a new analysis by Environmental Progress….
The United Kingdom and seven major companies have joined the EV30@30 campaign, which aims to speed up the deployment of electric vehicles and target at least 30 percent new electric vehicle sales by 2030. The expanded membership will strengthen the collective and coordinated approach…
With the Cambo well operations shortly due to complete, Siccar Point Energy and its JV partner have elected to defer the drilling of the Lyon exploration well (Licence P.1854) until 2019. This is primarily to mitigate the risk of weather downtime as the well…
TransRe plans Luxembourg subsidiary in European expansion TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, is planning a subsidiary in Luxembourg as it looks to restructure and bolster its presence in the European Union. The new simplified…
John Neal appointed as Lloyd’s CEO Lloyd’s has confirmed that former QBE boss John Neal will replace outgoing CEO Inga Beale. In a statement, Lloyd’s said Mr Neal will take the helm in just over a month’s time, well before Ms Beale’s expected departure,…
Governor of California Edmund Brown has signed two pieces of legislation proposed by Senator Hannah-Beth Jackson and Assembly member Al Muratsuchi to block new federal offshore oil drilling along California’s coast. The governor signed the bills over the last weekend and announced the state’s…
Heads of Gazprom and PetroVietnam have signed a memorandum of cooperation concerning a gas field development offshore central Vietnam. They plan to supply gas from the Bao Vang field, discovered by Vietgazprom – a joint venture between the two companies – to a power plant which will be built in the Quang Tri…
PetroChina Company has signed a deal with Qatargas Operating Company to purchase 3.4 million tons of liquefied natural gas annually, the Chinese company’s biggest supply deal, amid a brewing trade war with the US which threatens to stifle the Asian nation’s purchases of American fuel….
