Cluff Natural Resources has received the required regulatory consent from the Oil and Gas Authority (OGA) in relation to the farm-out of Licence P2437 to Shell and the farm out has been completed. Cluff Natural Resources entered into a binding, conditional farm out agreement…
Australian utility Alinta Energy is ramping up its push into renewables, citing stunning low costs which will enable dispatchable wind and solar to compete with existing fossil fuel plants. In a wide-ranging interview on RenewEconomy’s Energy Insiders podcast, Alinta CEO Jeff Dimery said the…
Mactavish research shows that insurers win in 68% of disputed claims cases New research by Mactavish has found that companies are likely to lose in more than two in three cases when taking their insurer to court over non-payment of a claim. Only 32%…
Markel appoints Nunn as energy underwriter Markel has appointed Mark Nunn as an energy underwriter in Singapore, succeeding Tim Foister who returns to the energy team in London after three years in Asia. Chaucer creates new head of underwriting role for Dublin-based company Specialty…
An unusual split vote by Texas regulators over the flaring of natural gas shows that the days of giving a free pass to the controversial practice in the Lone Star state may be numbered. The chairman of the Texas Railroad Commission, which oversees the…
Philippines’ Palawan55, a subsidiary of Phinma Petroleum and Geothermal, has entered into the appraisal period of Service Contract No 55 (SC 55), located in the Palawan basin offshore Philippines, committing to drill one deep-water well within the first two years of this period. The…
The Neutrino Energy Group is the world’s pre-eminent developer of neutrino energy technology. With CEO Holger Thorsten Schubart at the helm, this partnership of American and German organisations seeks to solve today’s fossil fuel crisis with the power of neutrinos. Banks Will No Longer…
Arnlea, a global leader in industrial mobile software for tracking, inspection and maintenance work in the oil and gas industry, has launched a new version of its software product for use in hazardous areas of operations. The upgraded IntrinsixEX is set to capitalise on the increasing…
Alberta’s oil production curbs finally appear to be draining inventories, at least for now. Crude supplies in Western Canada fell by 2.75 million barrels last month to the lowest since November 2017, Genscape Inc said on the 7th August. The decline is welcome…
Dutch FPSO provider SBM Offshore has revealed that a Chinese yard has started building its third Fast4Ward FPSO hull. Fast4Ward is SBM Offshore’s me aimed to standardize the FPSO construction and delivery process, thus reducing cost and speeding up the time to the market…
