Faraday enters energy market with hire of former LSM head Pursey Lloyd’s insurer Faraday has appointed Richard Pursey to the newly created role of head of energy as the carrier enters the class of business. Tysers appoints Appleford to lead political violence and terrorism…
Norwegian energy companies Horisont Energi, Equinor, and Vår Energi have agreed to collaborate on the development of the carbon transportation and storage project Polaris, off the coast of Northern Norway. The parties have officially entered into an agreement, with Equinor as the operator of…
The KRG has published the reports containing verified statistics covering the Kurdistan Region’s oil exports, consumption and revenues for covering period 1 January 2021 to 30 June 2021. During the first half of 2021, the KRG exported 77.35 million barrels through Kurdistan Export Pipeline….
Invictus Energy Ltd has executed a Memorandum of Understanding with Exalo Drilling SA to drill the Muzarabani-1 exploration well with an additional exploration well option for the Caboro Bassa project, Zimbabwe. A binding rig agreement is expected to be signed in the new year,…
A consortium of QatarEnergy and ExxonMobil has signed an exploration and production sharing contract (EPSC) with the Republic of Cyprus for offshore Block 5, south-west of the island adjacent to Block 10. Block 5 covers an area of 4,500 square kilometres with water depths of…
Noreco and its partners have secured funding to develop a CO2 transport/storage concept for the Danish North Sea. Denmark’s authorities have agreed to provide DKK75 million (US$11.41 million) for Project Bifrost under the ‘Energy Technology Development and Demonstration Programme’ (EUDP) subsidy scheme. The…
US oil and gas producer ConocoPhillips will quit Indonesia, selling its assets there for US$1.355 billion to domestic energy company Medco Energi Internasional and beef up in Australia as it continues to reshape. The deals follow ConocoPhillips move to double down on US shale with a…
INEOS FPS has announced plans to deploy innovative artificial intelligence (AI)-driven optimisation technology at its Kinneil Terminal in Grangemouth, which will deliver further carbon emissions reductions from its operations. The decision follows the announcement of INEOS’ commitment to reduce greenhouse gas emissions from its…
Navitas Petroleum has agreed to work with Rockhopper Exploration on offshore projects in the North Falkland basin. This follows Harbour Energy’s recent decision to exit its offshore licences in the Falklands, which include the Sea Lion development. Under the Heads of Terms, which…
ExxonMobil has signed a Memorandum of Understanding (MoU) with two other companies to explore the use of hydrogen and carbon capture to reduce emissions in the Southampton industrial cluster. Exxon said that the MoU was signed with SGN and Macquarie’s Green Investment Group (GIG)….
