Saipem has been awarded several EPCI contracts in various countries around the world worth over US$500 million. The first EPCI contract has been awarded by Saudi Aramco in the Kingdom of Saudi Arabia as part of the Long-Term Agreement in force until 2021. The…
Rosneft PJSC has entered an agreement to supply Indian Oil Corporation Ltd (IOC) with Russian crude oil for processing at IOC’s refineries in India by year-end 2020. As part of the term contract, signed on the 5th February, Rosneft will deliver up to two…
Britain’s Insurance Sector Urged to Compete by Selectively Diverging from EU Rules A senior official from Britain’s insurance sector on Wednesday laid out the case for selective divergence from EU rules to add to London’s appeal as a competitive global financial centre. Britain left…
Codan appoints new global offshore wind head RSA’s Nordic marine insurance offshoot Codan has promoted Igor Silence to the position of global head of offshore wind energy.
Speaking at an event in London to promote the United Nations’ COP26 climate conference in Scotland later this year, UK Prime Minister Boris Johnson pledged that his government would accelerate a major facet of its decarbonisation plan. Mr Johnson’s government seeks to end the sale…
Norwegian oil major Equinor has launched a new climate roadmap for the upcoming period of energy transition, in line with the Paris Agreement. Equinor said on the 6th February that it would reduce the net carbon intensity, from initial production to final consumption, of…
Nakilat-Keppel Offshore & Marine (N-KOM) has completed fabrication of the new living quarters platform for Qatargas’ North Field expansion project offshore Qatar. This was the first major offshore quarters structure constructed entirely in Qatar, in accordance with Qatargas’ commitment to Qatar Petroleum’s Tawteen the…
Touchstone Exploration has announced that flowback testing of the first stage of the Cascadura-1ST1 well on the Ortoire Block in Trinidad has been completed, confirming that the well is a significant liquids rich natural gas discovery. Highlights Cacadura-1ST1 production testing commenced on the…
Since 2008, the shale revolution has boomed US natural gas production 60 percent to 95 Bcf/d. Long high and volatile, gas prices have become low and stable in the “shale-era.” Further, gas emits some 50 percent less CO2 than coal and has very few…
Ocean Infinity, a seabed survey and ocean exploration company, has launched of a new pioneering marine technology and data company named Armada. Ocean Infinity said that Armada, with a focus on combining technology and sustainability, would initially add fifteen bespoke designed marine robots to…
