Serica Energy has submitted a development plan for the Columbus gas/condensate field in the UK central North Sea. The company aims to produce up to 40 MMcf/d at peak, along with 1,150 b/d of condensate and natural gas liquids (NGLs) from the field in…
Oslo Stock Exchange (Oslo Børs) has resolved to admit the shares in Northern Drilling to listing on Oslo Børs. Northern Drilling, a recently established offshore drilling company, is owned by a Norwegian-born billionaire and shipping magnate John Fredriksen. Northern Drilling said on the 29th…
GE says it plans to fully separate its 62.5% interest in BHGE over the next two to three years. John Flannery, chairman and CEO of GE, said: “Today marks an important milestone in GE’s history. We are aggressively driving forward as an aviation, power,…
Three of five members of the Minnesota Public Utilities Commission said on the 28th June that they support issuing a certificate of need for Enbridge Inc to rebuild its Line 3 oil pipeline, angering environmentalists but offering hope to Western Canadian oil producers. The…
Brazil’s state-controlled oil company Petroleo Brasileiro SA could raise around US$28 billion by selling a big stake in a key offshore oil area if Congress passes a bill allowing such a move, Brazil’s Mining and Energy Minister said on the 28th June. The reserves,…
Spirit Energy has successfully completed a sidetrack well (6506/9-4 A) and a production test following the drilling of the downdip appraisal well (6506/9-4 S) on Fogelberg discovery in the Norwegian Sea. According to Faroe Petroleum, which owns a Faroe 15 percent stake in the…
Subsea 7 has announced the award of a substantial contract* by Total E&P Angola for the engineering, procurement, installation and commissioning of the subsea flowlines and umbilicals for the Zinia Phase 2 project, 150 kilometres offshore Angola in water depths from 800 to 1,000 metres….
Since the fall in oil prices in 2014, oil majors and international oil companies (IOCs) have accelerated a shift towards resource themes and regions offering higher returns, lower complexity and shorter timeframes, away from the more challenging regions such as Southeast Asia, Wood Mackenzie, the energy…
Ark taps MS Amlin’s marine underwriter Lurcott Lloyd’s (re)insurer Ark has hired marine market expert Richard Lurcott. Axis’ marine head jumps ship for Tokio Marine HCC Darren Carr, the unit head of marine at Axis, has left the carrier for Tokio Marine HCC. …
The nationalisation of a crude oil export pipeline in western Canada has buoyed long-standing hopes for crude exports to markets beyond the United States – but the most likely destination for much of that oil is California. Faced with declining production from Latin America…
