Lloyd’s Market Association Taps Ascot’s CEO Brooks as Chairman Andrew Brooks, chief executive officer of Ascot Underwriting Ltd, has been appointed the next chairman of the Lloyd’s Market Association (LMA), with effect from the 1st January 2019. Mr Brooks, who has served on the…
Woodside Energy Ltd has awarded KBR the Concept Definition engineering contract for the two gas floating production storage and offloading (FPSO) facilities for the proposed Browse to North West Shelf Development offshore Western Australia. “We are delighted to be awarded the Concept Definition engineering…
Malaysian FPSO specialist Bumi Armada has reportedly acquired a Very Large Crude Carrier from Ship Finance International. The sale of the VLCC was announced on the 1st October by the owner Ship Finance International, however, SFI at the time did not say who the buyer…
The Basra Oil Company (BOC) reportedly plans to increase production from 3.2 to 5 million barrels per day over the next seven years. According to Platts, BOC director Ihsan Ismaael told the CWC Basra conference in Istanbul that the increased production would be sustained…
A colour developed by Egyptians thousands of years ago has a modern-day application as well – the pigment can boost energy efficiency by cooling rooftops and walls and could also enable solar generation of electricity via windows. Egyptian blue, derived from calcium copper silicate,…
The first well offshore The Gambia in nearly 40 years could spud later this month, according to the country’s Petroleum Minister Jerreh Barrow. Australia’s FAR and partner Petronas have contracted the drillship Stena DrillMAX to drill the Samo prospect in offshore block A2, west of…
Chevron Corporation is selling its last remaining oil exploration licence in Norway, putting it one step closer to a full retreat from the aging North Sea basin as the US major seeks higher returns elsewhere. Chevron’s activity off Norway has been limited for years,…
On the 10th October Novatek said that its subsidiary Arctic LNG 3 had wrapped up the drilling of the first exploration well located in the North-Obskiy licence area, confirming a discovery of a new natural gas and gas condensate field. The well was spudded in…
Frontera Energy has announced a light oil discovery from its Acorazado-1 exploration well on the 100% owned and operated Llanos-25 block in Colombia. Frontera also provided an operational update highlighting current production, major project activities and details regarding the fourth quarter drilling campaign. Richard…
Russia hopes to resume pipeline imports of natural gas from Turkmenistan after slashing them in 2015 in a dispute over pricing. According to Radio Free Europe, Gazprom Chief Executive Officer Aleksei Miller told an interviewer from a state-controlled television station in Ashgabat that he…
