Bank of England Tells Insurers, Banks to Continue Analyses of Impact of Climate Risk The Bank of England (BoE) has told banks and insurers to press ahead with analysing the impact of climate change on their operations, saying that guidance published on the 29th June…
Crude oil inventory data could become more bearish soon, predicts one regular Rigzone market-watcher. Keep reading to learn more, along with additional insights about what to watch this week in the oil market. Andrew Goldstein, President, Atlas Commodities LLC: Over the next few…
CNOOC Limited has made what it claims to be a significant oil and gas discovery of Huizhou 26-6 in the Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of…
OMV Petrom has been selected as the winner of the open international tender held by the Ministry of Economy and Sustainable Development of Georgia for the Offshore Block II. Peter Zeilinger, member of the Executive Board, responsible for Upstream, said: ‘We continue our plans…
Windpark Zeewolde BV, Vestas and Rabobank have closed contracts for wind turbines and financing for the Windpark Zeewolde project in the Netherlands. Windpark Zeewolde BV, a unique collaboration of more than 200 local farmers, residents and entrepreneurs of the Netherlands, has placed an order…
The Bureau of Safety and Environmental Enforcement (BSEE) has published its inaugural report which summarises the key lessons learned from 2018 and 2019 government initiated unannounced exercises on the US outer continental shelf. The inaugural report, whose purpose is to improve domestic and international…
India’s largest private refinery has halted purchases of Venezuelan oil, putting additional pressure on the Latin American country’s beleaguered oil industry. Reliance Industries Ltd, which runs the biggest refinery in the world in Jamnagar and accounted for 25% of Venezuela’s exports last year, has…
Norway’s recent tax relief package for the oil and gas industry is expected to cut breakeven prices by 40 per cent, thereby boosting the country’s rig demand while the UK’s plunges, according to Rystad Energy. A Rystad Energy assessment of the temporary tax relief…
The arrival at Able Seaton Port of another giant oil and gas platform was heralded as ‘a further example of how we are a world leader in an industry which can bring jobs and investment into Teesside for many years to come’ Peter Stephenson,…
Total and Sonatrach have signed an agreement to renew their partnership in the field of liquefied natural gas. This agreement notably allows to extend the existing supply contracts for three additional years in order to provide two million tons per year of Algerian LNG…
