Markel moves insurance business from London to Munich ahead of Brexit Specialist insurer Markel International has moved its European insurance business from London-based company, Markel International Insurance Company, to its Munich-based company, Markel Insurance SE (MISE) ahead of UK plans to leave the European Union….
Helicopter operator NHV Group has been awarded a new long-term contract with Premier Oil to provide helicopter services to its North Sea assets. NHV said on the 4th April that daily flights with the H175 will depart from its base in Aberdeen for a period…
INNIO* has announced that it will supply six Jenbacher* gas engines for the LEMENE microgrid project in Finland, helping the Finnish government reach its climate goal of having 100 percent of its energy come from renewable sources by 2030. The LEMENE flagship project will…
Malaysian oil and gas company Petronas plans to bring online its second Floating LNG unit in the first quarter of 2020. The timeline was reportedly shared by Petronas’ CEO Wan Zulkiflee in Shanghai at LNG2019 conference on the 2nd April, Reuters has reported. …
The majority of LNG-focused oil and gas professionals believe several new LNG infrastructure projects will need to be initiated this year to ensure supply can meet demand after 2025. That’s according to a new report published by DNV GL, which also revealed that more…
Rockhopper Exploration says planning continues for a three-phased development of the Sea Lion oil field in the offshore North Falkland basin. Phase 1 is designed to produce around 220 MMbbl from licence PL032. Phase 2 will encompass a further 300 MMbbl from the…
It was a state secret and the source of a kingdom’s riches. It was so important that US military planners once debated how to seize it by force. For oil traders, it was a source of endless speculation. Now the market finally knows: Ghawar…
Not that long ago, California was the second most vital US oil producing state. Since peaking in 1985, however, output has plunged almost 60 percent to 460,000 barrels per day (bpd). This collapse is made even more discouraging by the fact that total US…
Maersk Drilling’s ultra-deep-water semi-submersible Mærsk Deliverer has received a three-year contract from Inpex Australia and joint venture participants for drilling at the Ichthys gas and condensate field in the Browse basin offshore Western Australia. The estimated contract value is US$300 million, including mobilisation. …
Russian oil and gas company Lukoil, the Ministry of Energy of Kazakhstan, and KazMunayGas have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh sector of the Caspian Sea. Zhenis Operating LLP – a fifty-fifty joint…
