Following the controlled shutdown of the Forties Pipeline System on the 11th December, Ineos has stabilised the crack in the pipeline which prompted the closure. Ineos estimates that repair works might take weeks. Last week, Ineos discovered a small hairline crack in the pipe at…
Skuld makes senior hire to target growth in North America Marine insurance provider Skuld has appointed Rachael Simpson as senior vice president, London P&I (protection and indemnity) operations. Ms Simpson’s primary focus will be on business development in North America, according to the press…
Building the US$27-billion Yamal liquefied natural gas project meant shipping more than five million tons of materials to construct a forest of concrete and steel 600 kilometres north of the Arctic circle, where temperatures can drop to -50°C and the sun disappears for two months…
Lebanon has granted its first offshore energy rights to a group comprising Total SA, Eni SpA and Novatek PJSC, joining a regional race to find and develop oil and natural gas wealth in the eastern Mediterranean after years of delay. The cabinet awarded two…
Global recovery of upstream spending remains intact, albeit at a measured pace which is not likely to tighten materially many global oil field service and equipment markets, according to the 33rd annual Barclays E&P Spending Survey. The survey indicates an 8% increase in global…
The World Bank Group (WBG) has reported it plans to stop financing upstream oil and gas projects in developing countries to help implement the 2016 Paris climate agreement’s goals. Exceptions will be considered where there is a clear energy access benefit for the poor…
Lukoil has completed the majority of the construction works at the Vladimir Filanovsky field Phase 2 development in the Russian sector of the Caspian Sea. Drilling has now started on the first production well, and this should be completed in early 2018. …
Liberty moves UK operations to Luxembourg Liberty Specialty Markets (LSM) intends to redomicile its insurance company from the UK to Luxembourg. At the same time, the company stressed that it will maintaining its substantial London presence. The decision was taken in preference to setting up…
Europa Oil & Gas (Holdings) has issued a progress report on its studies of licensing option (LO) 16/20 in the Slyne basin, offshore north-west Ireland. The permit is adjacent to the producing Corrib gas field. Europa has mapped various promising structures which could be…
New Zealand Oil & Gas (NZOG) has received government approval for the acquisition of Mitsui’s four percent interest in the Kupe gas and light oil field off New Zealand. NZOG said on the 12th December that it received approval from the Overseas Investment Office…
