XL Catlin hires EMEA energy boss from Allianz Nicola Harris joins XL Catlin from Allianz Global Corporate & Specialty where she was head of energy & marine, based in Dubai since 2014. Prior to that, she held a number of roles at Marsh in…
Cyber driven business interruption threatens energy sector Energy executives are increasingly concerned about the impact of cyber-attacks on their operations, according to insurance broker Marsh. Over three-quarters (76 percent) of respondents to a survey cited business interruption (BI) as the most concerning consequence of…
Ophir Energy has committed to a fourth development phase at the Bualuang oil field in the Gulf of Thailand. This will start with infill drilling in 2018 (three re-drills plus two workovers) and will continue next year with the installation of a new 12-slot…
Premier Oil expects to start development drilling early next year on the Bison, Iguana, and Gajah Puteri (BIGP) gas fields in the Natuna Sea offshore Indonesia. The company awarded an EPCI contract for BIGP in block A – involving subsea tiebacks to existing infrastructure…
Catcher is expected to reach an output rate of 60,000 barrels of oil per day in April. In its latest results update on the 8th March, Premier Oil revealed that the Catcher development, located offshore UK, is expected to reach an output rate of…
Ineos Shale has encountered another setback in its effort to assess natural gas potential of shale formations in England. The company said the Rotherham Metropolitan Borough Council has rejected its application to drill a vertical core hole west of the village of Woodsetts in…
TechnipFMC has completed the engineering, procurement, fabrication, and supply of umbilicals for the Total-operated Kaombo project offshore Angola. The multi-site project used the facilities of TechnipFMC Umbilicals Ltd, TechnipFMC Umbilicals Inc, and Angoflex Ltda. The Kaombo development is located on block 32 about…
The price of Brent crude oil will average US$75 per barrel next year, according to the latest forecast from oil and gas analysts at BMI Research. BMI’s forecast is significantly higher than the Bloomberg consensus, which forecasts that Brent will average US$63.5 per barrel…
South Sudan’s state-owned oil company has been “captured by predatory elites” and is being used to fund the country’s civil war, including a government-aligned militia accused of human rights abuses, according reports by two investigative organisations. Millions of dollars in oil revenue are being…
Exxon Mobil Corporation, the world’s largest publicly traded oil producer, said on the 7th March that it expects earnings to more than double by 2025 to US$31 billion, with crude prices at or above current levels. It was the first time Exxon has ever…
