The laying of the cable for the supply of the Johan Sverdrup field with power from shore started last week. This will help make the North Sea giant one of the oil and gas fields with the lowest CO2 emissions worldwide, Statoil said on the…
Reuters has reported ”Conoco moves to sell North Sea oilfields,” citing unnamed industry and banking sources, who reportedly said that Conoco was looking to focus on its shale operations in the US. Writing about the Conoco North Sea portfolio, the news agency mentioned the…
Oil Shippers Face Insurance Uncertainty with Return of US Sanctions on Iran Oil tanker owners are facing a nervous wait to find out whether they can carry on doing business with Iran after President Trump said on the 8th May he was reinstating a raft…
Standard Syndicate taps London Market for head of claims Charles Taylor-managed Standard Syndicate 1884 has appointed London Market expert Paul Crockford to the role of head of claims. Standard Syndicate focuses on providing a broad range of marine and non-marine insurance covers to the…
Another darling of the Trump administration is poised to gain from the Iran deal break-up as oil surges: natural gas exports. With the move to curb Iran’s oil output encouraging more shale drilling, prices for natural gas produced alongside crude in West Texas could…
Angus Energy, a conventional oil and gas production and development company, has announced that, having received Oil and Gas Authority (‘OGA’) approval for the transfer and paid £2million to the Sellers, it has now completed the acquisition of a 25.0% interest in licence PEDL244 (which…
The Scottish government claims that it has not issued a ban on fracking in Scotland, according to Tom Pickering, operations director at Ineos Shale. “We were astonished to learn during proceedings that the Scottish government claims that it has not issued a ban on…
Equatorial Guinea’s government plans to construct a natural gas mega-hub, Minister of Mines and Hydrocarbons Gabriel Mbaga Obiang Lima announced on the 10th May at the Africa Oil and Power conference in London. The project, led by the Ministry of Mines and Hydrocarbons in…
A pipeline project which would vastly expand Canadian oil exports to Asia is dividing the country, pitting indigenous groups and people who fear damage to the scenic coastline near Vancouver against the central government and the influential energy industry. The Trans Mountain pipeline expansion…
Surging oil prices mean the big Arab countries of the Gulf — especially Saudi Arabia — look set to gain financially as well as politically from US President Donald Trump’s decision to pull out of the Iran nuclear deal. In 2014, Saudi Arabia was…
