London’s Brexit-Related Job Losses May Not Be as High as Initially Feared British banking, insurance and asset management job losses to the European Union due to Brexit might not be as heavy as initially feared, the City of London financial district said on the 8th…
Indonesia will open a tender in 2018 for the development of three pipelines to transport and distribute gas from the Natuna area to the island of Borneo, the chairman of the country’s downstream oil and gas regulator (BPH Migas) said on the 9th January. …
Malaysia’s Petronas has reportedly confirmed that it will exit from Iraq’s Majnoon oil field along with joint stakeholder Shell. A spokeswoman for Petronas told a local newspaper: “Petronas confirms its exit from the Majnoon oilfield, Iraq, together with Shell. We will be working with…
OPEC’s strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry’s supply chain: the fleet of supertankers which shuttle fuel between continents. The ships’ average earnings plunged last year by more than half to levels not…
Lundin Norway has permission to drill an appraisal well on the Luno II structure in the central Norwegian North Sea. Following authorisation from the Norwegian Petroleum Directorate, the semi-submersible COSLInnovator will drill well 16/4-11 in production licence 359, two kilometres (1.2 miles) south-east of…
Peterson and partners Maersk Oil North Sea UK Limited, Petrofac, and Dana Petroleum have launched a new vessel sharing scheme for the Central and Northern North Sea (CNNS) region. Peterson said on the 5th January that the vessel pool, launched in July, was operating…
Iranian oil tanker Sanchi (IMO 9356608) caught fire in the East China Sea on the 6th January after colliding with Hong Kong-flagged Chinese cargo vessel CF Crystal (IMO 9497050) about 160 nautical miles off the coast of Shanghai, leaving the tanker’s 32 crew – 30…
Standard Club appoints new head of New York office Mutual insurance association The Standard Club has appointed Leanne O’Loughlin president/regional director of Charles Taylor P&I Management (Americas), succeeding LeRoy Lambert, who has assumed the role of general counsel. Leanne joined The Standard Club’s London…
After a sanctioning drought in the offshore industry in 2015 and 2016, Norway is leading the comeback. Rystad Energy reports that recent projects submitted to the Norwegian Petroleum Directorate (NPD) show a clear turnaround in the offshore industry and make Norway the largest contributor…
Borealis AG, Vienna, has let a contract to Jacobs Engineering Group Inc, Dallas, to complete a front-end engineering design (FEED) study for its proposed propane dehydrogenation (PDH) plant at the operator’s existing production site in Kallo, near Antwerp. As part of the FEED study,…
