According to a report in ‘The Telegraph’, Perenco is preparing to sell a swathe of North Sea fields in one of the basin’s biggest deals in recent years. French energy giant Perenco, which produces around 15 percent of the UK’s domestic gas, has hired advisers…
France draws up insurance emergency measures as hard Brexit nears As the deadline for a no deal Brexit moves closer, the French government has published emergency measures relating to financial services and insurance, global law firm Clyde & Co has confirmed. John Neal reveals new…
Duclos named non-exec-chairman of Lloyd’s Global Network Lloyd’s has named industr5y veteran David Duclos as non-executive chairman of Lloyd’s Global Network where he will play a key advisory role in the development of Lloyd’s international network. Mr Duclos has had extensive international industry experience…
BP has produced first gas from two more fields in the West Nile Delta (WND) concession in the Mediterranean Sea offshore Egypt. According to partner DEA Deutsche Erdoel, gas is flowing from eight recently completed wells on the Giza and Fayoum fields through newly…
Kuwait Petroleum Corporation is reassessing plans to spend about US$500 billion in capital investment and may decide this year to combine its eight business units into four to streamline the company. Lower oil prices, Kuwait’s reduced output under a deal by OPEC to pump…
The US House of Representatives’ Judiciary Committee approved a fresh bill by voice vote on the 7th February7 to amend the Sherman Antitrust Act to make oil producing and exporting cartels illegal. H.R. 948 , which committee member Steve Chabot (R-Ohio) introduced on the…
Rwanda has signed a US$400 million deal to produce bottled gas from Lake Kivu, which emits such dense clouds of methane it is known as one of Africa’s “Killer Lakes”. The project by Gasmeth Energy, owned by US and Nigerian businessmen and Rwandans, would…
The Kathu Solar Park in South Africa, constructed by SENER and ACCIONA Industrial came into commercial operation on the 30th January 2019. With an installed capacity of 100 MW, it will allow clean energy to be supplied to 179,000 homes in the Northern Cape…
South Africa’s first deep-water discovery, reported on the 7th February by French oil major Total SA, may prompt a rush of activity offshore by competitors as the country works to cut its reliance on imported fuels. The Brulpadda find, estimated at about one billion…
The governor of the Central Bank of Iran unveiled plans for using non-dollar accounts for oil and gas trade with Iraq. Abdolnaser Hemmati held a meeting on the 6th February with presidents of Iraqi banks, members of Iraq’s chamber of commerce and the Arab…
