UK Oil & Gas (UKOG) has completed the acquisition of Magellan Petroleum (UK) Investment Holdings from Tellurian Investments for a total consideration of £12 million in cash and UKOG shares. The addition of Magellan’s 35% direct interest in the Horse Hill oil field, held…
Gas production at the Groningen field in the Netherlands will be halted entirely by 2022, eight years earlier than initially planned by the Dutch government, broadcaster NOS reported on the 10th September. Citing anonymous government sources, NOS said production would be capped below 12…
AXA XL reinsurance structure to undergo massive revamp; Bermuda and London platforms to merge Re/insurer AXA XL is simplifying its reinsurance organisational structure, aligned around its key markets and intended to enhance the focus on its ‘payer to partner’ strategy. The changes, effective the 2nd…
Pioneer expands renewables practice with Bishop hire MGA Pioneer Underwriters has hired Sam Bishop as an underwriter in its renewable energy team. MS Amlin Names Beazley as Head of Reinsurance, Replacing Few Who Joins TigerRisk Global re/insurer MS Amlin announced that Chris Beazley, CEO…
Mexico’s conservative budget for next year depends in part on its oil company boosting production by about 17%, something that the country hasn’t achieved in almost four decades. Pemex, as the Mexican national oil producer is known, is expected to increase its output to…
Equinor has received consents from the Petroleum Safety Authority (PSA) to use the facilities on the Vigdis and Tordis fields – both located in the North Sea off Norway – beyond their original operating life. Consent for operation of the Vigdis field expires on…
The US solar market has previously been dominated by California. It has always been the big beast, by any metric. Now, as federal support for the industry slackens off, a number of states, utilities and regulators are pressing on regardless. The benefits for California…
Hurricane Energy has confirmed that a drillstem test on the Lincoln Crestal exploration well west of Shetland has produced oil to surface, resulting in a flare. The company issued its statement in response to speculation that the 205/26b-14 well, drilled by the semi-sub Transocean…
Suncor has announced it is replacing its coke-fired boilers with two cogeneration units at its Oil Sands Base Plant. The cogeneration units will provide reliable steam generation required for Suncor’s extraction and upgrading operations and generate 800 megawatts (MW) of power. The power…
Freeport LNG Development LP expects to take final investment decision in the “next several months” as the company and Westbourne Capital have executed definitive agreements to help finance the natural gas liquefaction train, which will be integrated into its existing gas liquefaction and LNG export…
