National Iranian Oil Company has reported a major discovery of natural gas in Fars Province, southern Iran. It estimates the field, Eram, holds 13 tcf of recoverable gas with 19 tcf in place. Eram is 200 kilometres south of Shiraz. NIOC says…
Equinor and its partners in the Snorre and Gullfaks fields in the North Sea have committed to the Hywind Tampen offshore wind farm development. The company is submitting updated plans for development and operation to the Norwegian authorities. Pending approvals, the two fields’…
REC Group, an international pioneering solar energy company with a Scandinavian heritage, has announced the mass production start of the REC Alpha Series solar panel in Singapore. To produce the REC Alpha Series, REC has invested a total of US$150 million into the site…
UK Oil & Gas (UKOG) has commenced an extensive conventional coring programme in its 85.635% owned Horse Hill-2 (‘HH-2’) Portland pilot well. The first 60 ooft core, starting at a drilled depth of 2,049 feet below rig floor, has been successfully landed at surface…
Canopius completes AmTrust at Lloyd’s takeover Canopius Group has completed its acquisition of AmTrust at Lloyd’s, making the carrier a top-five player at Lloyd’s. New Specialty Re/Insurer Convex Authorised to Write Excess and Surplus Lines in US Convex Group, the Bermuda-based international specialty insurer…
Convex engages XL Catlin energy alumnus Hunt as greenfield pressures upstream market Stephen Catlin and Paul Brand’s underwriting start-up, Convex, employed the services of former XL Catlin energy product line leader, Geoff Hunt, as a consultant for its energy business as the new venture is…
As investments in tight oil increased from 2016 to 2018 and offshore investments decreased, according to Norwegian energy intelligence group Rystad Energy. Tight oil investments almost reached the same level as offshore in 2018, Rystad added. However, in 2019 the table has turned….
Iran said missiles struck one of its tankers in the Red Sea, the latest in a series of attacks on oil infrastructure in the region that have roiled energy markets. The Islamic Republic’s tanker company initially said the attacks probably came from Saudi Arabia,…
The Aruban government has reached an agreement with Citgo Petroleum Corporation to take back control of former Valero Energy Corporation’s 235,000-b/d refinery and terminal in San Nicolas, Aruba, which Citgo Aruba Refinery NV previously intended to restart. Following the signing of a Memorandum of…
India is expected to lead with 18% capacity share in the global LNG regasification industry from new-build (planned and announced) projects between 2019 and 2023, according to GlobalData. The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals –…
