Indian Essar Oil Ltd has been renamed Nayara Energy Ltd. The company operates the 400,000-b/d Vadinar refinery in Gujarat and a retail network with about 4,500 service stations. Rosneft and an investment combine acquired control of Essar Oil last year Source: Oil…
Associated natural gas is the gas which also comes along as a basically free by-product when crude oil (petroleum) gets produced. Especially with oil prices rising this year (which obviously encourages more drilling), associated gas continues to be an integral part of the US…
Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000’s list of the biggest and most powerful public companies, surpassing last year’s leader Exxon Mobil Corporation. The Anglo-Dutch oil and gas giant ranked 11th among all companies…
Liberty’s long-serving marine and energy underwriter departs Liberty Specialty Markets’ global manager for energy exploration and production, Richard Pursey, has left the company. XL Catlin appoints global cargo leader from Brit Re/insurer XL Catlin has appointed Andrew Coutts to the position of global practice…
Arch expands Irish operations to write EU business post-Brexit Bermuda-based Arch Capital Group is planning to expand the group’s underwriting operations in Ireland to ensure continuity of its operations across the European Union once the UK leaves the EU. Lloyd’s threatens to close under-performing…
On the 10th June Morocco and Nigeria signed a joint declaration in Rabat laying out the next steps for the completion of a gas pipeline deal which will be built onshore and offshore, Moroccan state news agency MAP said. The two countries agreed to…
GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil and Chile, has announced further expansion in the Neuquen basin in Argentina with the acquisition of Los Parlamentos block in partnership…
Sapura Energy Berhad has made its ninth gas discovery offshore Sarawak, following the completion of its 2017 drilling campaign within the SK408 Production Sharing Contract (PSC). Sapura Energy’s wholly-owned subsidiary, Sapura Exploration and Production (Sarawak) Inc. (formerly known as SapuraKencana Energy Sarawak Inc; “Sapura…
Subsea 7 has announced the award of a contract by Shell for the Penguins Redevelopment Project, located approximately 150 miles north-east of the Shetland Islands. The engineering, procurement, construction and installation (EPCI) contract incorporates the fabrication of two Pipeline Bundles containing pipe-in-pipe production flowlines,…
Equinor announced on the 8th June, World Oceans Day, that it has become a founding patron in the United Nations Global Compact Action Platform for Sustainable Ocean Business. The action platform, which was launched today at the UN headquarters in New York, is a…
