On the 30th August PGNiG Upstream Norway started drilling an exploration well on the Shrek prospect located in the Norwegian Sea, for the first time in the role of the operator. Before starting the drilling operations on the Shrek well, which is located in…
Equinor has approval from Norway’s Petroleum Safety Authority (PSA) to begin using the oil export facility at the Johan Sverdrup field in the central Norwegian North Sea. Production from the four-platform, first-phase development is due to start later this year. In addition, the…
Poland has toyed with the idea of nuclear power generation for decades. The first serious plans were established and put into action under communism when construction of the nuclear power plant in Zarnowiec took off. However, slated for completion in 1990, the Zarnowiec project…
The agreement providing for the sale of Obsidian Energy Ltd’s 55% interest in the Peace River Oil Partnership to Highwood Oil Company Ltd, Calgary, for C$97 million has been terminated as consent to the transfer of the company’s partnership units and consent of transfer of…
Everything about offshore wind just keeps getting bigger. Last month alone, New York awarded America’s single-largest renewables procurement to offshore wind, and General Electric unveiled the world’s largest-ever turbine nacelle, also for offshore wind. Offshore wind projects, meanwhile, are already exceeding the capacity…
Jadestone Energy has completed front-end engineering design (FEED) for the offshore facilities and pipelines for its proposed Nam Du/U Minh gas development off Vietnam. Earlier, the company submitted an environmental impact assessment for the project. The company is tendering for the major contracts…
Labuan and Swiss Re partner on event to drive captives in Asia More companies across Asia are open to the idea of using captives, according to officials from the Labuan Financial Services Association and Swiss Re Corporate Solutions. The pair recently held an event…
Liberty unveils new Bermuda property leader Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Nicholas Garside to the role of head of Bermuda property. Reporting to Steve Horton, president, Liberty Specialty Markets Bermuda, Mr Garside took up his new role…
Sri Lanka has signed agreements with Total and Equinor to help it become an oil and gas producing nation. According to several media reports, including Colombo Page, Ceylon Today, and Reuters, the country’s government on signed a two-year offshore exploration deal with France’s Total…
BP has agreed to sell its entire business in Alaska to Hilcorp Alaska for a total consideration of US$5.6 billion. The sale will include the company’s entire upstream and midstream business in the state, including BP Exploration (Alaska) Inc, which owns all of its…
