Fibre optic cables, it turns out, can be incredibly useful scientific sensors. Researchers at Lawrence Berkeley National Laboratory (Berkeley Lab) have studied them for use in carbon sequestration, groundwater mapping, earthquake detection, and monitoring of Arctic permafrost thaw. Now they have been awarded new grants…
On the 30th March, President of SOCAR Rovnag Abdullayev met with Head of Equinor Representative Office in Azerbaijan Fawad Quraishi. They discussed the issues related to the discovery of the Karabagh oil field and exchanged views on the prospective cooperation in new areas, including…
Grupa Lotos SA and subsidiary Lotos Asfalt Sp Z o o have completed reliability testing to officially conclude the long-planned effective refining programme (EFRA) to increase the yield of high-margin middle distillates while simultaneously reducing output of less-profitable heavy products at the companies’ jointly shared…
How Coronavirus Crisis Has Changed Underwriting at Lloyd’s Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won’t need them. Working at home due to the coronavirus lockdown, they have abandoned…
The United States’ energy dominance is now under direct threat, according to six US senators. That is according to an open letter sent to US Secretary of State Mike Pompeo on the 25th March, which was signed by six US senators. “During this…
Norwegian oilfield services provider Aker Solutions, in a joint venture with PTAS Sdn Bhd, has signed a five-year agreement to provide offshore maintenance and modification services to Shell in Brunei. Aker Solutions said on the 29th March that the scope of work covers maintenance…
The Equinor-operated Johan Sverdrup field in the North Sea is expected to reach plateau production for the first phase in early May, which is earlier than anticipated. Equinor said on the 29th March that, due to higher plant capacity, plateau production would increase from…
INEOS’ announcement that it would postpone its scheduled maintenance for the Forties pipeline system (FPS) in the UK central North Sea could add several hundred thousands of extra barrels a day to the market, Rystad Energy has warned. The consultant has consequently raised its…
Rosneft has announced the termination of its operations in Venezuela and the disposal of its assets, related to operating in Venezuela. Rosneft has concluded an agreement with the company 100% owned by the Government of Russian Federation, to sell all of its interest and…
Carnegie-Brown provides Covid-19 leadership with “jeopardy” warning As political pressure grows on insurers across the globe to Coronavirus-related claims even if there are valid exclusions in place, the Lloyd’s chairman has warned the industry it could be “in jeopardy” if they succeed. Insurance should…
