Neste to restructure Finnish refining operations

Neste Corporation plans to restructure its refining operations in Finland as part of the operator’s strategy to ensure long-term competitiveness of its oil products business under a program that would involve permanently shuttering processing and production at its 58,000-b/d Naantali refinery.   Under the proposed…

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Genel Energy Publishes Sustainability Report

Genel Energy has published its first comprehensive Sustainability Report, prepared in accordance with the Global Reporting Initiative (‘GRI’) Standards core option.   Bill Higgs, Chief Executive of Genel, said: “Genel has had a longstanding commitment to positively impact the communities in which we operate. This…

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Insurance Jottings

Sri Lanka oil tanker fire threatens latest large P&I market loss The marine market is bracing for another potential sizeable loss as it closely monitors the situation off the coast of Sri Lanka where a very large crude carrier (VLCC) carrying two million barrels of…

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People in the News

Swiss Re CorSo Canada names third property and energy head in two years Swiss Re Corporate Solutions (CorSo) has appointed its third head of property and energy Canada in just over two years with James Gasco stepping up and taking on the role.   Munich…

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Premier’s Tolmount platform heads for North Sea

UK oil and gas firm Premier has seen the jacket and topsides sent off to their final destination at the Tolmount field in the Southern North Sea.   The infrastructure will meet the Sleipnir heavy lift vessel for installation in late September / early October….

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BP Says Oil Demand Growth Era Over

BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more.   Oil consumption may never return to levels seen before the coronavirus crisis took hold,…

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PGS launches seismic survey in the Barents Sea

PGS’ Ramform Tethys has started a new project in the Barents Sea which uses what the company claims is the most advanced configuration ever towed by a seismic streamer vessel.   Last weekend, the Ramform Tethys reconfigured from a wide-tow triple source set-up to an…

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