Phase 4 development activities will start this month at the Bualuang oil field in the Gulf of Thailand with a rig arriving to drill three replacement production wells and to work over two existing wells. As a result, operator Ophir Energy expects production to…
Premier Oil’s Catcher Area fields in the UK central North Sea averaged more than 50,000 boe/d last month, with plant availability increasing as commissioning of secondary systems ends ahead of final acceptance of the FPSO. Data from the three fields (Catcher, Varadero, and Burgman)…
Lloyd’s Launches Digital Distribution Platform Called ‘Lloyd’s Bridge’ Lloyd’s has launched a digital distribution platform – Lloyd’s Bridge – designed quickly, easily and efficiently to connect insurance businesses and entrepreneurs with Lloyd’s underwriters. Lloyd’s Bridge is an online platform which matches insurance businesses with…
MS Amlin strengthens European war business with Aon hire Re/insurer MS Amlin has hired senior Aon executive Brecht van Hoorebeke to develop and grow its war business across continental Europe. Lockton appoints Ridge as global head of marine & energy reinsurance Lockton has named…
Holding OOS International Group (OOS International) is teaming up with Forship Engenharia to pursue offshore maintenance projects jointly, mainly in the Brazilian region. The companies plan to provide a turnkey service combining OOS’ heavy-lift/floatel units with Forship’s FPSO maintenance offering. They have already…
Libya’s Tripoli-based National Oil Corporation (NOC) said on the 11th July that four export terminals were being reopened after eastern factions handed over the ports. Force majeure, a legal waiver on contractual obligations, was lifted on the ports of Ras Lanuf, Es Sider, Zueitina…
The EU has prolonged its sanctions targeting the financial, energy and defence sectors of the Russian economy until the 31st January 2019. These sanctions were initially implemented in July 2014 in response to Russia’s actions ‘destabilising the situation in the Ukraine’ and took the…
Canadian-Norwegian energy storage solutions provider Corvus Energy has decided to expand its battery production capacities both in Canada and Norway. Corvus announced two production and R&D expansion plans underway in Canada and Norway. According to the company, the new battery factories will be…
EVgo, America’s largest public fast charging network for electric vehicles (EVs), has launched a commercial installation of second-life battery storage at a public DC fast charging station. Following a pilot programme at University of California San Diego (UCSD), this second-life battery system has been…
Saudi Arabia will be “reluctant to exhaust” its “substantial” spare capacity, according to oil and gas analysts at BMI Research. “Questions are being asked as to the extent to which Saudi Arabia will increase its production, to offset shortfalls elsewhere in the market,” the…
