The Organisation of Petroleum Exporting Countries raised its forecast for crude oil demand, adding that production by members rose by nearly 90,000 b/d in September despite production-cut targets by OPEC members and some other major producers. The statistics came in OPEC’s latest Monthly Oil…
Cybersecurity package: towards a true European governance of cybersecurity Note from FERMA (Federation of European Risk Management Associations) On the 13th September the European Commission adopted a series of measures to increase the cyber protection of European industries and citizens including a strengthened EU cybersecurity…
Norway’s Bayerngas Norge has received consent from the Petroleum Safety Authority (PSA) to drill an exploration well in the North Sea with the Songa Enabler drilling rig. The well is located in production licence 682 in the North Sea where Bayerngas is the operator. The…
Total and the National Office of Petroleum of Guinea (ONAP) have signed a Technical Evaluation Agreement to study deep and ultra deep offshore areas located off the coast of Guinea Conakry, covering approximately 55,000 square kilometres. “By taking this position on a new under-explored…
Iraq plans to reopen a crude oil pipeline from the Kirkuk oilfields to Ceyhan in Turkey, the oil ministry said in a statement on the 10th October, a route partly still in use by the Kurdistan Regional Government (KRG). Iraq largely stopped sending oil…
Petrobras may assist Iran with development of the South Pars field oil layer in the Persian Gulf, according to a report by news service Shana. This follows recent talks in Tehran between Brazil’s Minister of Mines and Energy, Fernando Coelho Filho, and Iran’s Minister…
Royal IHC has announced its acquisition of 50% of the share capital of Rotterdam Offshore Group (ROG). The agreement will enable IHC to strengthen its ship repair and conversion capabilities with the addition of a dedicated facility in Rotterdam, which has uninterrupted access to open…
UK Broker Capsicum Re Appoints Williams as Cyber Security Specialist Capsicum Re, the London-based specialist reinsurance broker, announced the appointment of Conrad Williams as the latest addition to its cyber team. He will report to Ian Newman and Samantha Thompson, partners in Capsicum Re’s London…
As crude oil gushes out of the US like never before, it looks increasingly like North Sea oil will suffer collateral damage. America exported a record high 1.98 MMbpd of crude in the week ended the 29th September, equal to the crude that normally…
Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from rival Saudi Arabia to win buyers in key markets like China and the US. Iraq shipped 3.98 MMbopd, the highest since December, while Iran’s exports rose to…
