News

  • Somalia launches first offshore licensing round

    The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia has announced the launching of Somalia’s first offshore licensing round.   Due to the spread of the global pandemic, COVID – 19, and resulting restrictions, the Ministry decided to launch the licensing…

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  • Insurance Jottings

    Covid-19’s impact on marine market far from certain as price hardening continues Covid-19 has cast a web over many facets of the marine insurance market with protection and indemnity (P&I) carriers potentially on the hook for cruise company claims while the stock through-put sector possibly…

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  • Bureau Veritas creates new notation for floaters in Brazil

    Bureau Veritas (BV), the provider of testing, inspection, and certification (TIC) services, has formalised guidelines and a classification notation for floating, production, storage and offloading vessels (FPSOs) and floating production units (FPUs) designed for operation in Brazil’s deep waters.   BV said on the 14th…

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  • Nord Stream 2 Pipeline is Nearing Its Endgame

    Construction of the world’s most controversial natural gas pipeline is  about to enter the endgame of an energy dispute which has pitted the US against Russia and some of its closest trans-Atlantic allies, satellite images show.   The Nord Stream 2 pipeline, built to increase…

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  • OMV, Equinor cleared to drill offshore Norway

    Two of Norway’s leading offshore operators have secured approval for exploration drilling.   The Petroleum Safety Authority has sanctioned OMV’s plan to drill a well and side-track (6506/11-12 S and 6506/11-12) on the Hades prospect in Norwegian Sea licence PL 644.   The semi-submersible Island…

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  • Base selected for world’s largest offshore wind farm

    Equinor and SSE Renewables, the two companies behind the world’s biggest offshore wind farm Dogger Bank, have announced plans to build a new Operations and Maintenance (O&M) Base at the Port of Tyne.   Dogger Bank Wind Farm will be able to generate around 5%…

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  • Oil & Gas Council: 2020 EMEA Survey

    The Oil & Gas Council has released its 2020 EMEA Survey.   This survey represents the views of 1318 executives representing companies from a cross section of the Oil & Gas industry, from 63 countries. In her welcome to readers, CEO Amy Miller said, “As a…

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