News

  • Aramco Plans to Buy Reliance Refining Stake

    Saudi Aramco plans to buy a stake in the refining and chemicals business of India’s Reliance Industries Ltd, moving to diversify from Saudi Arabia as its first half-year earnings report showed a drop in net income.   The purchase by Aramco, the largest oil exporter…

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  • Discovery Offshore Guyana Better Than Expected

    On the 12th August Tullow Oil Plc reported a better-than-expected start to its offshore Guyana drilling campaign.   According to a written statement from Tullow, the Jethro-1 exploration well – operated by Tullow Guyana BV – represents the company’s first discovery on the Orinduik licence….

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  • Cluff completes North Sea farm-out deal with Shell

    Cluff Natural Resources has received the required regulatory consent from the Oil and Gas Authority (OGA) in relation to the farm-out of Licence P2437 to Shell and the farm out has been completed.   Cluff Natural Resources entered into a binding, conditional farm out agreement…

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  • Insurance Jottings

    Mactavish research shows that insurers win in 68% of disputed claims cases New research by Mactavish has found that companies are likely to lose in more than two in three cases when taking their insurer to court over non-payment of a claim.   Only 32%…

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  • People in the News

    Markel appoints Nunn as energy underwriter Markel has appointed Mark Nunn as an energy underwriter in Singapore, succeeding Tim Foister who returns to the energy team in London after three years in Asia.   Chaucer creates new head of underwriting role for Dublin-based company Specialty…

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  • Texas Oil Regulator Shifts Stance on Gas Flaring

    An unusual split vote by Texas regulators over the flaring of natural gas shows that the days of giving a free pass to the controversial practice in the Lone Star state may be numbered.   The chairman of the Texas Railroad Commission, which oversees the…

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