A fresh wave of offshore project sanctions across South-east Asia could boost greenfield investments in the oilfield service space by almost 70% in 2020, according to energy intelligence firm Rystad Energy. The growth will be driven by a handful of new mega-projects across Malaysia,…
The energy transition is undoubtedly impacting corporate upstream strategies in significant and sometimes disruptive ways. Coupled with the post-2014 downturn in oil prices, Wood Mackenzie sees seismic changes in the way the industry allocates capital across development, exploration, and mergers and acquisitions. While the…
The main difference between the two welded pipes of spiral welded pipe and straight welded pipe is the difference in welding form. Spiral welded pipe is a low carbon structural steel or a low alloy structural steel strip rolled into a tube blank with a…
Gazprom has started filling the first of the two new TurkStream offshore pipelines in the Black Sea with gas. This represents the final step in the commissioning process. First commercial supplies through the system are due to begin by year-end. The twin pipelines will…
Germany based energy company ‘RWE’ delivered its first Liquified Natural Gas cargo to Milford Haven LNG Terminal in Great Britain RWE shipped around 150,000 m3 of LNG will be re-gasified through a Milford Haven LNG Terminal, located close to RWE’s 2,000 megawatt Pembroke B…
Anglo African Oil & Gas has entered into a rig option agreement with Société de Forage Pétroliers (‘SFP’) for the provision of a rig to carry out drilling operations on well TLP-103C-ST at the Tilapia field in the Congo, in which the company has a…
Lloyd’s to merge Council and Franchise Board Lloyd’s has announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from the 1st June 2020, after receiving widespread support from across the market. The news follows five months of consultation across…
Schnorr named CEO of StarStone’s Lloyd’s managing agency Enstar-owned StarStone has promoted its global head of marine and offshore energy Simon Schnorr to chief executive of its Lloyd’s business – StarStone Underwriting Limited Beazley names Diamond group head of claims as Hobkinson retires Blue…
BP Plc, Royal Dutch Shell Plc, Total SA and Vitol Group are among partners in a new exchange to trade Abu Dhabi’s flagship oil grade in what could become a new price benchmark for a fifth of the world’s crude. Intercontinental Exchange Inc Chairman…
The government of Timor Leste has signed a production sharing contract with Sunda Gas and TIMOR Gap – the national oil company of Timor-Leste – for an offshore block containing the Chuditch discovery. The licence, formally named the PSC TL-SO-19-16, is situated in the…
