Lloyd’s Brussels granted Monaco re/insurance licence for Brexit; appoints Rochefoucauld Lloyd’s Brussels, the new Brexit subsidiary of London-centred specialist re/insurance market Lloyd’s, has received authorisation to underwrite insurance and reinsurance risks located in Monaco. In addition, the subsidiary has appointed Guy-Antoine de La Rochefoucauld…
Everest bolsters cyber group with Navigators hire Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has hired Navigators’ Ayesha West to join its cyber insurance group as a vice president. Ms West will be responsible for managing the development of the company’s national…
ConocoPhillips has said that an international arbitration tribunal has order Venezuela to pay the oil company US$8.7 billion for unlawful expropriation of ConocoPhillips’ oil and gas assets in Venezuela 2007. The US oil company said the International Centre for Settlement of Investment Disputes (ICSID)…
Cowboy boots and turquoise belt buckles are giving way to smart suits and silk ties as the world’s biggest shale oil field prepares for mergers. As oil executives from across the world gather in Houston for the annual CERAWeek by IHS Markit conference, the…
Electromagnetic Geoservices (EMGS) has started mobilising the BOA Thalassa vessel for a seismic data acquisition survey offshore South-east Asia. The contract, from an unnamed customer, is valued at around US$24 million. Source: Offshore Magazine
Petroleo Brasileiro SA (Petrobras) agreed to sell 70% interest and operatorship of Maromba field offshore Brazil to BW Offshore for US$90 million. The field, about 100 kilometres south-east of Cabo Frio in 160 metres of water in the southern Campos basin block, is close…
Ascent Resouirces has adopted a new broader corporate strategy as previously set out in its RNS of 14 January 2019 and articulated at the shareholder event on 27 February 2019. The strategy can be summarised as follows: Maximise the potential of the Petišovci…
PTT Exploration and Production Public Company Limited (PTTEP) has made a new gas discovery offshore Australia. The find was made through the Orchid-1 exploration well, which is located in the Timor Sea. Starting in January this year, the drilling of Orchid-1 was undertaken…
Premier Oil expects to sanction development before mid-year of the Catcher North and Laverda oil accumulations in the UK central North Sea. This will involve drilling two wells from a shared drill centre, both tied back to the Varadero field facilities (part of the…
Norway’s one-trillion-dollar sovereign wealth fund, popularly known as the “oil fund”, is set to cut its investments in some oil and gas exploration and production companies, the Norwegian government said on the 8th March. “The Government is proposing to exclude companies classified as exploration…
