Coro Energy, the south-east Asian focused upstream oil and gas company, has provided an operational update in relation to the drilling campaign in the Duyung Production Sharing Contract (‘PSC’) in the West Natuna basin, offshore Indonesia, in which Coro holds a 15% interest. The…
In this edition of PERSPECTIVES, we focus on the implications of our latest modelling of the energy transition on the oil and gas industry. We also explore how enhanced methodologies for safe and sustainable operations can create more value for our sector. Our…
Argentina has urged oil companies to stop activities related to offshore oil and gas exploration and production in the disputed areas near the Falkland Islands. In a statement issued last week, the Argentine foreign ministry said three oil companies – Rockhopper, Premier Oil, and…
Nothing right now is stopping a surge in oil tanker rates that’s given owners of the vessels one of the biggest boosts in years. Rates have rallied so high that a second-hand supertanker could theoretically pay for itself in a couple of voyages, according…
National Iranian Oil Company has reported a major discovery of natural gas in Fars Province, southern Iran. It estimates the field, Eram, holds 13 tcf of recoverable gas with 19 tcf in place. Eram is 200 kilometres south of Shiraz. NIOC says…
Equinor and its partners in the Snorre and Gullfaks fields in the North Sea have committed to the Hywind Tampen offshore wind farm development. The company is submitting updated plans for development and operation to the Norwegian authorities. Pending approvals, the two fields’…
REC Group, an international pioneering solar energy company with a Scandinavian heritage, has announced the mass production start of the REC Alpha Series solar panel in Singapore. To produce the REC Alpha Series, REC has invested a total of US$150 million into the site…
UK Oil & Gas (UKOG) has commenced an extensive conventional coring programme in its 85.635% owned Horse Hill-2 (‘HH-2’) Portland pilot well. The first 60 ooft core, starting at a drilled depth of 2,049 feet below rig floor, has been successfully landed at surface…
Canopius completes AmTrust at Lloyd’s takeover Canopius Group has completed its acquisition of AmTrust at Lloyd’s, making the carrier a top-five player at Lloyd’s. New Specialty Re/Insurer Convex Authorised to Write Excess and Surplus Lines in US Convex Group, the Bermuda-based international specialty insurer…
Convex engages XL Catlin energy alumnus Hunt as greenfield pressures upstream market Stephen Catlin and Paul Brand’s underwriting start-up, Convex, employed the services of former XL Catlin energy product line leader, Geoff Hunt, as a consultant for its energy business as the new venture is…
