KNMI reports 3.4 magnitude earthquake in Groningen region

The Royal Netherlands Meteorological Institute (KNMI) has reported that in the Groningen town of Westerwijtwerd an earthquake has taken place with a magnitude of 3.4 on the Richter scale.   This is the worst earthquake since January 2018 in Zeerijp. That quake also had a…

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Kaefer Energy bags US$79 million Johan Sverdrup ISO contract

Norwegian oil company Equinor has awarded Kaefer Energy a contract for insulation, scaffolding and surface treatment (ISO) on the Johan Sverdrup field in the Norwegian sector of the North Sea.   The contract is worth more than a NOK 700 million (US$79.5) million. The contract…

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Nord Stream 2’s Job and Economic Impact on EU

The total economic benefit of the Nord Stream 2 project for the European Union, as of December 2018, is over US$11 billion (€9.9 billion), according to a new report from management consultancy company Arthur D Little (ADL).   The report, which was released on the…

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South Africa May Find South Sudan Oil Partners

South Africa’s Strategic Fuel Fund is welcome to bring in partners to help it execute a US$1 billion agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister has said.   Under the agreement, signed…

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Shell Australia approved for Bratwurst-1 wildcat

Shell Australia has been granted approval from the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for the drilling of proposed wildcat Bratwurst-1 in Ashmore Cartier permit AC/P64 in the Browse basin off Western Australia.   The well will be drilled in 155 metres…

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Sweden Looks to More Solar to Reach 100% Renewables by 2045

Sweden is currently eyeing plans to generate 100% of its electricity from renewable energy sources by 2045 and, despite the fact the country is often without any sunlight during winter, the country’s energy agency is still considering the role of solar PV in its plans….

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Insurance Jottings

Bank of England Warns Against Weakening Rules for Insurers, Banks After Brexit Weakening rules for banks and insurers after Brexit would be “anathema,” but Britain could change its style of regulating to respond faster to change, Bank of England Deputy Governor Sam Woods said on…

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