Total SA’s 12.9-million tonne/year (tpy) Mozambique LNG project expects to receive US$15-billion (R267-bn) of financing from a consortium led by South Africa-based Rand Merchant Bank (RMB). The liquefaction plant is expected to enter service in 2024. Total acquired Anadarko Petroleum Corporation’s 26.5% operated…
InfraStrata Plc has signed a term sheet with West Face Long Term Opportunities Global Master LP, to acquire Meridian Holdings Company, under which sits the proposed Floating Storage and Regasification Unit Project located in Barrow-in-Furness, north-west England. The FSRU Project will be the UK’s…
Tokio Marine eyes ‘new hotspots’ for renewable energy expansion Specialty insurance group Tokio Marine HCC is planning to expand its presence in the renewable energy sector, specifically in new hotspots in South East Asia, South America, the Middle East and Africa. Standard Club takes…
BMS expands energy team with three senior hires Independent specialist (re)insurance broker BMS Group has announced a trio of appointments including Alison Schwab, Russell Williams and Robert Thomas to the energy division. Ms Schwab and Mr Williams will join alongside Mr Thomas, following completion…
Qatar Petroleum has inked three deals with South Korean shipbuilders reserving slots for its LNG tanker fleet expansion valued over US$19 billion. Qatari giant said on the 1st June that it has signed deals to reserve LNG ship construction capacity in South Korea to…
Drydocks World has cut first steel for the high voltage alternating current (HVAC) transformer station topsides named Hollandse Kust Zuid (HKZ) Beta. This is the third topsides which the shipyard will be constructing for Petrofac and end-client TenneT, and the second project for the…
Allseas reports that Solitaire, one of the largest pipelay vessels in the world, is up and running with pipelay on the Karish project offshore Israel after a successful 2.5-km pull-in at Dor (alongside the Allseas-installed Leviathan pipelines). Over the next few weeks, she will…
Oil posted its biggest monthly advance on record, just a few weeks after prices made a dramatic plunge below zero. Crude surged about 88% in May, with US futures on Friday rising above US$35 a barrel for the first time since March, driven by…
An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus. Saudi flows to the Asian nation…
Applied Petroleum Technology (APT), Oslo, has identified lower Jurassic source rocks and a genetically related set of oil shows in the Southern Grand Banks petroleum system offshore Canada. APT sampled and analysed drill cuttings from 13 key wells from Southern Grand Banks to assess…
