Independent Oil and Gas, the development and production company focused on becoming a substantial UK gas producer, has now completed its farm-out transaction with CalEnergy Resources (‘CER’) as announced on 26 July 2019 and taken Final Investment Decision (‘FID’) on Phase 1 of its Core…
BASF SE is moving forward with its previously announced plan to expand production capacity of ethylene oxide (EO) and EO derivatives at subsidiary BASF Antwerpen NV’s Verbund manufacturing site in Antwerp. . At a total investment amounting to more than €500 million, the expansion will…
Marsh JLT Specialty appoints Louise Nevill to lead UK marine & cargo business Marsh, the insurance broker and risk adviser, has appointed Louise Nevill as chief executive for Marsh JLT Specialty’s UK Marine & Cargo business. She is expected to join the firm early next…
Premier Oil has renewed a long-term contract worth over £20 million (US$25.7 million) with international energy logistics provider Peterson. Peterson has worked with Premier since 2010 providing integrated logistics services to support its North Sea activity. According to Peterson’s statement on the 28th…
Alberto Fernandez strolled to victory in Sunday’s presidential elections in Argentina, a widely-expected outcome after he thrashed incumbent President Mauricio Macri in August’s primaries. After all the vague campaign speak, investors are now keen for clarity on policies. One thing is almost certain:…
Van Oord’s Aeolus has installed the first monopile for the Borssele III and IV offshore wind farm in the Dutch North Sea. Van Oord will install 77 monopiles for the Borssele III and IV wind farm and two for the innovation site Borssele V….
Angola’s battle to stem its steep production decline is proving to be a long one, with hopes rest on the country’s new licensing round — the first since 2011 — along with the outcome of reforms by President Joao Lourenco. The country’s oil bounty…
Kosmos Energy has announced that the BP-operated Orca-1 exploration well has made a major gas discovery offshore Mauritania in the BirAllah area. The results continue the 100 percent success rate from nine wells targeting the inboard gas trend in Mauritania/Senegal. The Orca-1 well,…
Norway’s sovereign wealth fund, popularly known as the oil fund, has grown to a record 10 trillion Norwegian crowns (NOK) or US$1,091,750,000,000. The fund had hit a one trillion-dollar value mark in 2017. The world’s largest sovereign wealth fund formally known as The Government…
South Sudan’s hopes of rebuilding its oil industry and shattered economy after a five-year civil war which killed almost 400,000 people hinge on a fragile peace accord which looks increasingly at risk of unravelling. Since negotiators from the US, UK and Norway coaxed President…
