Sleipnir removes North Sea Brent Alpha jacket with record lift

Heerema’s semi-submersible crane vessel Sleipnir has completed the single-lift removal of Shell’s 10,100-metric ton (11,133-ton) Brent Alpha platform jacket in the UK northern North Sea.   According to the company, this single jacket lift breaks the Sleipnir’s recent record for lifting the 8,100-metric ton (8,929-ton)…

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Insurance Jottings

Oil Leak from Cargo Ship Pollutes Mauritius Beaches as Insurers Assess Liability The oil clean-up from a leaking cargo ship which ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident.   The incident has…

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People in the News

Sompo International taps Barbican for new cyber head Sompo International has named Lauren Folkard as vice president and head of cyber for the London Market..   Oneglobal launches Asia operation with more former JLT hires Oneglobal has announced the launch of Oneglobal Group Asia and…

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US$5 billion Chevron Deal Wins Support from Israeli Official

Israel’s energy minister is “confident” the country’s regulators will allow Chevron to operate the local natural gas assets of Noble Energy,, despite a campaign by environmentalists to stop that from happening.   A public hearing about oil spills elsewhere in the world involving Chevron, which agreed…

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Review upgrades North Sea Selene gas resource

Prospective gas reserves have risen for the Selene prospect in the UK southern North Sea following new analysis.   Co-venturers Shell and Deltic Energy, operator of the surrounding P2437 licence, assessed reprocessed 3D seismic over the structure, applying a depth conversion technique and performing a…

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Petrobras to mothball Merluza platform offshore Brazil

Petrobras says it will mothball the Merluza platform (PMLZ-1) in the shallow-water Santos basin off Brazil.   Production from the platform stopped in March 2020 after the abrupt reduction in demand for natural gas.   The company said hibernation will allow the reduction of operating…

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US Shale Producers at a Crossroads

US shale producers are at a crossroads as they find themselves more efficient than ever.   They can keep drilling, and potentially dent oil prices, or use the money to pay down debt.   Producers across the Permian Basin are saving about 20% on well…

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