India’s Oil and Natural Gas Corporation Limited (ONGC) has moved 29 offshore drilling rigs to safe locations ahead of the Indian monsoon season. Aqualis Offshore, marine and offshore engineering consultancy, said on the 13th June that it assisted with the large majority of the…
Iraqi Oil Minister Jabar Ali al-Luaibi has announced that the Kirkuk-Baiji-Baghdad pipeline is now operational. According to a statement from the Ministry, the 16-inch crude oil pipeline was completed in record time. Running for 180 kilometres, the pipeline will supply the refineries of…
The Norwegian Ministry of Petroleum and Energy has approved Equinor’s plan for development and operation of the Johan Castberg field in the Barents Sea. “Today we have a solid project which will be central in the further development of the northern regions,” said Margareth…
Global maritime contractor Van Oord has signed a five-year partnership agreement with Shell Marine covering the lubrication needs for its entire fleet of vessels. Shell Marine said on the 12th June that the all-inclusive agreement was acknowledged in a special ceremony, staged at the…
ExxonMobil is rapidly progressing its Liza Phase 1 development located offshore Guyana with the beginning of development drilling. ExxonMobil announced on the 12th June that the development drilling for the first of 17 wells planned for Phase 1 began in May, laying the foundation…
Indian Essar Oil Ltd has been renamed Nayara Energy Ltd. The company operates the 400,000-b/d Vadinar refinery in Gujarat and a retail network with about 4,500 service stations. Rosneft and an investment combine acquired control of Essar Oil last year Source: Oil…
Associated natural gas is the gas which also comes along as a basically free by-product when crude oil (petroleum) gets produced. Especially with oil prices rising this year (which obviously encourages more drilling), associated gas continues to be an integral part of the US…
Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000’s list of the biggest and most powerful public companies, surpassing last year’s leader Exxon Mobil Corporation. The Anglo-Dutch oil and gas giant ranked 11th among all companies…
Liberty’s long-serving marine and energy underwriter departs Liberty Specialty Markets’ global manager for energy exploration and production, Richard Pursey, has left the company. XL Catlin appoints global cargo leader from Brit Re/insurer XL Catlin has appointed Andrew Coutts to the position of global practice…
Arch expands Irish operations to write EU business post-Brexit Bermuda-based Arch Capital Group is planning to expand the group’s underwriting operations in Ireland to ensure continuity of its operations across the European Union once the UK leaves the EU. Lloyd’s threatens to close under-performing…
