BP will use gas cloud imaging (GCI) as well as other instruments to detect, measure and reduce methane emissions in its future projects worldwide. The UK-based supermajor said on the 10th September that continuous measurements will be rolled out to all the company’s major…
Norwegian oil and gas company Equinor has reported that there is currently no observed leakage of oil to the sea from its South Riding Point terminal in the Bahamas. In the aftermath of Hurricane Dorian, Equinor said earlier this week it would clean up…
Making sense of the internal politics of Saudi Arabia has never been easy because of the kingdom’s closed power structure. But major changes have taken place at the top of the Saudi energy industry in recent days, and they will likely have an impact…
Wood Mackenzie expects more than 60 exploration wells to be drilled in the North Sea in 2019, up 25% compared with 2018. According to Glenn Morrall, an analyst with the upstream research team said: “While many of the prospects drilled will be infrastructure-led, we…
UK Oil & Gas (UKOG) has completed the acquisition of Magellan Petroleum (UK) Investment Holdings from Tellurian Investments for a total consideration of £12 million in cash and UKOG shares. The addition of Magellan’s 35% direct interest in the Horse Hill oil field, held…
Gas production at the Groningen field in the Netherlands will be halted entirely by 2022, eight years earlier than initially planned by the Dutch government, broadcaster NOS reported on the 10th September. Citing anonymous government sources, NOS said production would be capped below 12…
AXA XL reinsurance structure to undergo massive revamp; Bermuda and London platforms to merge Re/insurer AXA XL is simplifying its reinsurance organisational structure, aligned around its key markets and intended to enhance the focus on its ‘payer to partner’ strategy. The changes, effective the 2nd…
Pioneer expands renewables practice with Bishop hire MGA Pioneer Underwriters has hired Sam Bishop as an underwriter in its renewable energy team. MS Amlin Names Beazley as Head of Reinsurance, Replacing Few Who Joins TigerRisk Global re/insurer MS Amlin announced that Chris Beazley, CEO…
Mexico’s conservative budget for next year depends in part on its oil company boosting production by about 17%, something that the country hasn’t achieved in almost four decades. Pemex, as the Mexican national oil producer is known, is expected to increase its output to…
Equinor has received consents from the Petroleum Safety Authority (PSA) to use the facilities on the Vigdis and Tordis fields – both located in the North Sea off Norway – beyond their original operating life. Consent for operation of the Vigdis field expires on…
