Scotland could see what is claimed to be its first hydrogen-powered train running during COP26 in Glasgow during November. The British hydrogen technology company Arcola Energy and a consortium of industry-leaders in hydrogen fuel cell integration, rail engineering and functional safety have been appointed…
ExxonMobil has started drilling at the Bulletwood-1 wellsite on Canje block, offshore Guyana. The block lies 180 km offshore in 1,700-3,000 metres of water adjacent to Stabroek block. Bulletwood-1 is a 500 million bbl oil prospect targeting a Liza lookalike, confined channel complex…
Aquiline-backed ERS continues specialty build-out with Hiscox’s marine and energy underwriter Lloyd’s managing agent ERS has continued on its hiring spree as it expands beyond its traditional motor focus, adding another Talbot alumnus to its ranks in the form of Phil Furlong. Aviva adds…
Saudi Arabia and three other Arab states agreed to fully restore ties with neighbouring Qatar on the 5th January after a sustained US push for the countries to unite against Iran. The breakthrough ending a dispute among some of the world’s top oil and…
Trafigura Group’s purchase of a stake in Rosneft PJSC’s flagship Arctic oil project was funded by a US$7 billion loan organised by a Russian bank, according to documents which shed new light on the trading house’s biggest-ever deal. The two companies said last week…
Russia’s oil production declined last year for the first time since 2008 and reached its lowest level since 2011 following a global deal to cut output and low demand due to the coronavirus. According to an article by Reuters, Russian oil and gas condensate…
The Abu Dhabi National Energy Company says it has reached a successful financial close on the 2GW Al Dhafra Solar PV project, set to be built approximately 35 kilometres from Abu Dhabi city. The 2GW Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP)…
Caisse de dépôt et placement du Québec (CDPQ) and Cathay PE have agreed to acquire a 50% ownership share of Ørsted’s 605-MW Greater Changhua 1 wind farm offshore Taiwan. CDPQ will be the majority owner among the two new partners. The Greater Changhua…
Santos Ltd, Adelaide, operator of Bayu-Undan gas field in the East Timor jurisdiction of the Timor Sea, has made a final investment decision for the US$235-million Phase 3C infill development programme. The programme will involve drilling of three production wells, two from the fixed…
Lloyd’s closes underwriting room for second time in response to UK lockdown The Corporation of Lloyd’s has once again closed the underwriting room in response to the UK government’s decision to implement a national lockdown.
