Cortez Subsea, in partnership with Alam Maritim, has completed the first ever subsea pipeline using the Zap-Lok mechanical connector offshore Malaysia. The project championed technology for faster and more cost-effective completion of subsea pipelay. It also marked a lay rate of 4.7 kilometres…
Fugro has begun a four-month marine site characterisation campaign for Swedish energy group Vattenfall at two major offshore wind development sites located over 40 km off the coast of Norfolk, UK. The resulting Geo-data from Fugro’s geotechnical investigations will feed into the ground model…
Aker Solutions plans to separate its wind development business into a new entity, Aker Offshore Wind. A private placement in this company will follow, guaranteed by Aker ASA, to ensure sufficient funding for the next phase of the development. Aker Solutions is already…
Chevron Corporation has agreed to acquire all of the outstanding shares of Noble Energy Inc. in an all-stock transaction valued at US$5 billion, or US$10.38 per share. Based on Chevron’s closing price on the 17th July, and under the terms of the agreement, Noble shareholders…
Lloyd’s insurer Apollo hires Axa XL specie and cargo duo Apollo Syndicate Management – the Lloyd’s insurer named in honour of Neil Armstrong’s 1969 moon landing – has hired two senior specie underwriters from rival Axa XL, Richard Panter and Charlotte Wilson. BMS takes Aon trio…
Oil and gas company Premier Oil has signed sale and purchase agreements with oil major BP for the acquisition of its interests in the Andrew Area and its Shearwater assets, under revised terms announced in June. Premier and BP had signed a US$625 million…
Some oil from China’s swelling storage tanks is finding its way back into the international market as traders jump at the opportunity to source cheap crude for resale to regional refiners. The shipments in question, so far just one million barrels, have been procured…
Providence Resources, the Irish based Oil and Gas Energy Company, is progressing farm out discussions with SpotOn Energy on Exploration Licence SEL1/11, which includes the Barryroe oil and gas field. SpotOn Energy has confirmed that binding term sheets are now in place with the…
Australia’s Energy Security Board has called for the establishment of a new body to govern the nation’s huge and booming distributed energy resources market, which already boasts more than 12 gigawatts of rooftop solar across the country. A consultation paper released last week calls…
The Oil and Gas Climate Initiative (OGCI) has set a target of reducing the carbon intensity of its member companies’ upstream oil and gas operations to between 20 kg and 21 kg CO2e/boe by 2025. Their collective baseline in 2017 was 23 kg CO2e/boe….
