India’s two largest state-owned upstream oil and gas companies are seeking partners to assist with enhanced recovery in marginal oil fields. Oil & Natural Gas Corporation has opened international competitive bidding for 64 fields in 17 contract areas with total oil and gas in…
Azinam, the Seacrest Capital-backed South West African-focussed oil & gas exploration company, has announced that Azinam and Africa Oil Corporation have entered in an agreement under which Africa Oil shall acquire a 20% participating interest in Block 3B/4B Orange Basin, offshore South Africa. The…
Venezuela’s state-owned oil company is taking an unusual step to try and increase production: shut fields. Starting in July, Petroleos de Venezuela SA will prioritise 13 fields in the Faja, a 55,000 square-kilometre (21,235 square-mile) strip north of the Orinoco River containing heavy crude…
Kuwait Oil Company has signed an offshore drilling services contract with US oilfield services major Halliburton. The contract is for six high-pressure high-temperature (HPHT) exploration wells on two jack-up rigs in the Arabian Gulf. While the parties did not share the financial details of…
Block Energy, the exploration and production company focused on the Republic of Georgia, has entered into an oil storage leasing agreement with Georgian Oil and Gas Corporation (‘GOGC’), the state-owned national oil company of Georgia, which will allow oil production to restart in approximately seven…
Heerema Marine Contractors said the Sleipnir, its newest semi-submersible crane vessel, has completed sea trials and crane load tests. During the sea trials all major systems performed according to specifications or better, the company said. When all eight thrusters were deployed, the vessel…
Highview Power, the global leader in long-duration energy storage solutions, has announced that it has developed a modular cryogenic energy storage system, the CRYOBattery™, which is scalable up to multiple gigawatts of energy storage and can be located anywhere. This technology reaches a new…
Three campaigners who protested against fracking in Lancashire have been found guilty of contempt of court. They had taken part in a ‘lock-on’ protest at Cuadrilla’s site on Preston New Road last July. They breached an injunction obtained by Cuadrilla to ban trespassers blocking…
XL Catlin’s Will Steeds joins Apollo as senior political risk underwriter Specialist re/insurer Apollo Syndicate Management has appointed William Steeds as senior political risk underwriter for Syndicate 1969. Honan’s new hire from Starr to drive growth, strategic expansion across Asian market Honan Insurance Group,…
This year, the US will surpass Malaysia to become the world’s third largest seller of LNG. The country could even eclipse Qatar and Australia to take the top spot by 2024. This is truly staggering growth considering that LNG exports from the contiguous 48…
