News

  • Russian Barents Sea oilfield getting ice management upgrade

    Gazprom Neft’s Prirazlomnaya offshore platform in the south-eastern Russian Barents Sea has produced its 12-millionth metric ton (13.23 MM ton) of ARCO (Arctic-blend) oil.   The shipment was delivered by the Kirill Lavrov ice-class shuttle tanker to the storage tanker in Kola Bay, for onward transport to…

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  • Solar Provider Group Plans to Invest US$50 million in Brazil

    Solar Provider Group, a Toronto-based global solar development company, has arranged a team to enter the Brazilian solar market with the goal to complete investments totalling US$250 million over the next five years.   The solar market in Brazil is growing exponentially, with 3.3 GW…

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  • People in the News

    Alliant recruits energy & marine advisor from Marsh US specialty insurance broker Alliant Insurance Services has announced the appointment of Karey Vaught as Executive Vice President, Managing Director.   Joining the company from Marsh, Mr Vaught will provide insurance and risk advisory services to energy…

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  • Exxon Secures Exploration Acreage Offshore Egypt

    Exxon Mobil said on the 30th December it has secured more than 1.7 million acres for exploration offshore Egypt.   The oil powerhouse’s acquisition includes 1.2 million acres in the North Marakia offshore block and 543,000 acres in the North East El Amriya offshore block…

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  • Fugro to become sole owner of Seabed Geosolutions

    Dutch geophysical services provider Fugro has entered into an agreement to acquire CGG’s 40 percent shareholding in Seabed Geosolutions.   Fugro said on the 30th December that this would terminate the Seabed Geosolutions’ joint venture agreement effective the 30th December in exchange for a cash…

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  • Novatek secures Bukharinskiy licence for another LNG project

    Russian oil and gas company Novatek has secured the rights to explore the Bukharinskiy licence through its Arctic LNG 1 unit.   Novatek said last week that Arctic LNG 1 won on the auction for geological survey, exploration and production licence for the Bukharinskiy subsoil…

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  • Global LNG Outlook 2020

    Nick Prowse and Penny Cygan-Jones, Norton Rose Fulbright, UK, take a look at what’s on the horizon for the year ahead.   2019 has seen the start of a re-shaping of the LNG industry, with the promise of further changes in 2020 and beyond. As well as…

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