Berkshire Hathaway gets Dubai licence Berkshire Hathaway Specialty Insurance Company (BHSI) has opened a new office in the Dubai International Financial Centre (DIFC), while naming Alessandro Cerase as its senior executive officer (SEO) and Neeraj Yadvendu as deputy SEO and head of third party lines…
XL Catlin appoints MacColl as global hull leader XL Catlin has promoted Mike MacColl to the position of global practice leader for hull. Mr MacColl previously served as the carrier’s head of hull for the UK. He succeeds Mike Talbot, who is retiring after…
Welcoming EY’s UK oil field services report, which shows the sector gearing up for growth but still dependent on industry maintaining its focus on achieving further recovery in 2018, Oil & Gas UK’s chief executive Deirdre Michie, said: “Companies in the oil field services…
Total-led international consortium (Total 40%, ENI 40%, Novatek 20%) have signed two Exploration and Production Agreements (EPA) with the Republic of Lebanon, covering Blocks 4 and 9, located in the deep waters offshore Lebanon. The agreements are the result of the first International Competitive…
Russia’s oldest natural gas buyer is ready to break up after more than 74 years. Poland, which relies on Kremlin-controlled Gazprom PJSC for about two-thirds of its gas, says diversification trumps potential price cuts it could leverage from building an import link to access Norwegian fuel. That comes…
Wood has been awarded a new contract with Bluewater to provide industrial services to the Haewene Brim floating production storage and offloading (FPSO) facility in the UK North Sea. Effective immediately, the contract is for two years with three one-year extension options and includes…
Statoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base. The Johan Sverdrup development is now nearly 70% complete, which is…
NPD grants North Sea drilling permit to Statoil The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 16/1-29 S. The well’s drilling programme relates to the drilling of a wildcat well in production licence 167 which was awarded on…
Parkmead Group Plc, Aberdeen, is exploring a new development strategy for Perth and Dolphin oil fields in the Moray Firth area of the Central UK North Sea after expanding its interests to 100%. The company has signed an agreement with Nexen Petroleum to conduct…
Developing new subsea technology and approaches to field developments could help unlock 400 million additional barrels of oil and gas and generate US$4.17 billion (£3 billion) of additional value from the UK Continental Shelf (UKCS). That is the view of the Oil & Gas…
