Cefor releases 2018 marine hull claims trends from the Nordic Marine Insurance Statistics (NoMIS) database, elects new Chair and members of the Board Sea of tranquillity? “2018 was the third consecutive year with an exceptionally low claim cost, but the start of 2019 could mark…
The European Commission has committed to providing €215 million to finance part of the construction costs of the Baltic Pipe project designed to carry Norwegian gas to Danish and Polish markets. The grant agreement releasing €215 million of EU funding for the construction works…
Energean Oil and Gas plc announced the 15th April that the Karish North exploration well offshore Israel has made a “significant” gas discovery. Preliminary analysis of the find indicates initial gas in place estimates of between 1 and 1.5 trillion cubic feet, according to…
Sonangol has said it plans to increase production at its Najmah and Qayara oilfields to about 230,000 barrels per day (bpd). The Angolan state oil company owns 75 percent of the oilfields, south of the city of Mosul, with estimated oil reserves of more…
Aramco Overseas Company BV, a subsidiary of Saudi Aramco, will purchase a 17% stake in South Korean refiner Hyundai Oilbank, supporting Aramco’s oil placement strategy by providing a dedicated outlet for Arabian crude to South Korea. Abdulaziz Al-Judaimi, Aramco’s senior vice-president of downstream, said…
As announced in December 2018, Siemens Gamesa Renewable Energy (SGRE) and Aalborg University (AAU) in Denmark are leading the i4Offshore research and development project focused on significantly reducing the cost of offshore wind power. Officially entitled “Integrated Implementation of Industrial Innovations for Offshore Wind…
Petronas has entered into an agreement with I Squared Capital, a leading global infrastructure investor, to acquire 100% interest in Amplus Energy Solutions, also known as M+, a leading Singapore-based company with a portfolio of distributed, renewable energy assets in Asia. The acquisition, which…
A total of 1,000 kilometres of the contentious Nord Stream 2 gas pipeline has now been laid in Finnish, Swedish, and German waters. The twin pipeline is operated by Russian Gazprom’s subsidiary, Nord Stream 2 AG. According to a statement by Nord Stream…
Maersk Supply Service has a signed a contract with Eniram, a Wärtsilä company, to install an energy advisory system on its vessels. Proof of concept will be carried out on two of Maersk Supply Service’s vessels: one M-class anchor handling tug supply vessel and…
Exxon Mobil Corporation is the latest company to raise concerns that a stockpile of US government crude is tainted with poisonous gas. The American energy giant said some of the oil it purchased last year from the Energy Department’s Strategic Petroleum Reserve, or SPR,…
