London-listed oil company Ophir Energy has accepted Indonesia Medco Energy’s increased takeover bid. Ophir was also recently approached by Coro Energy over a potential takeover. Late on Wednesday evening, the 20th March Ophir and Medco agreed on the terms of an increased recommended…
PERse sets up Miami office to focus on LATAM renewable energy Specialty property and casualty insurer for power and energy PERse (Power.Energy.Risk) has set up an office in Miami with a new team to focus on underwriting renewable energy projects in Latin America. Marco…
Never say never. That is what Muktadir Ur Rahman, director of Apex Consulting Ltd, told Rigzone when asked if the United States would ever become part of the OPEC+ group. The director added, however, that it is hard to see the United States…
The UK Oil and Gas Authority (OGA) has been supporting the country’s ongoing transition to a low carbon energy mix. OGA said on the 21st March that it started supporting UK’s energy transition over the past year alongside its core role of maximising economic…
Article by Stephen Aw Amongst the growth of the renewable energy sector and the negative coverage surrounding the industry, it has not been plain sailing for the nuclear power sector of late. However, is the negativity surrounding the industry justified? Looking behind the headlines…
With an estimated daily fuel demand of more than five million barrels per day, the global aviation sector is incredibly energy-intensive and almost entirely reliant on petroleum-based fuels. Unlike other energy sectors such as ground transportation or residential and commercial buildings, the aviation industry…
Alberta has increased its oil production limits for May and June, the Alberta government announced earlier this week. May’s production limits will increase by a total of 25,000 barrels per day followed by another 25,000 more barrels per day in June. “As we…
Deepwater frontier successes are needed to sustain future exploration offshore north-west Borneo, according to a new report by Westwood. “Sabah & Sarawak Basins: Looking deep into NW Borneo” reveals that 153 exploration wells have been drilled in the region since 2008, resulting in 37…
Topaz Energy and Marine, an offshore energy logistics company, has signed contract extensions for 12 of its vessels currently supporting the offshore operations of BP Exploration (Caspian Sea) Limited in Azerbaijan. Topaz said on the 20th March that, under the terms of the agreement,…
DNV GL has opened an artificial intelligence research centre in Shanghai as it seeks new solutions to enhance its audit, inspection and survey services. The move recognises China’s position as a world leader in the technology and is another important chapter in DNV GL’s…
