UK Faces ‘Abject Future’ After Brexit, Warns Former Lloyd’s Chairman The UK is facing a grim future after Brexit because of the failure of the its politicians to govern responsibly, the former chairman of insurance market Lloyd’s of London has written in a letter to…
JLT taps Beazley, Marsh, Aon for European cyber expansion JLT Specialty has expanded its European cyber practice based in London and Stockholm with the appointment of four new members. Monica Tigleanu joins JLT as a partner from Beazley. Prior to this she was a…
On the 27th July it was reported that NOPSEMA (Australia’s National Offshore Petroleum Safety and Environmental Management Authority) has sent a team of inspectors to investigate an incident which occurred at the Triangle Energy-operated Cliff Head Alpha platform, 25 kilometres (15.5 miles) offshore Dongara, Western…
Global discoveries of conventional oil and gas totalled more than 4.5 Bboe during the first half of 2018, according to analyst Rystad Energy. Average monthly discovered volumes were 826 MMboe, roughly 30% higher than the comparable figure of 625 MMboe in 2017. Guyana…
KRG Prime Minister Nechirvan Barzani chaired a meeting of the KRG Oil and Gas Council on the 25th July. It was also attended by Deputy Prime Minister Qubad Talabani, relevant ministers, governors, supervisors of local administrations, and representatives of the Integrity Commission, Board of…
In the last three months since its previous fleet status report, offshore driller Transocean has landed new contracts and extensions but has also seen day-rates cut for several of its drillships while four floaters have been retired. According to the driller’s fleet status report,…
Europe will build more terminals to import US liquefied natural gas, the head of the European Commission told President Trump during a meeting aimed at averting a transatlantic trade war. “They want very much to do that, and we have plenty of it,” Mr…
Keppel Shipyard will soon deliver a converted FPSO to Perenco affiliate Dixstone Holdings for deployment on the Yombo Field offshore Republic of Congo. The FPSO was named La Noumbi during a ceremony at the yard witnessed by Jean-Marc Thysthere Tchicaya, Minister of Hydrocarbons for…
Norwegian operator DEA Norge has received consent from the Norwegian offshore safety body, the Petroleum Safety Authority (PSA), to drill an exploration well in the Barents Sea using the Island Innovator rig. The well, named 7321/4-1, is located in production licence 721 in the…
Oil major BP’s new long-term plan for Trinidad and Tobago could potentially see the company invest as much as US$8 billion dollars in nine new developments over the next ten years. New BPTT president Claire Fitzpatrick said at a media event held at BPTT’s…
