Trafigura Moves Hedging from Europe, Leads U.S. Exports Race
Firm moves away from new tighter EU regulations and becomes largest exporter of U.S. crude. Trading giant Trafigura has moved its commodities hedging operations to the United States and Asia and away from Europe to avoid being subject to new, tighter MiFID II market regulations. "We moved our hedging business away from Europe into the U.S. and Singapore and other locations," Chief Financial Officer Christophe Salmon told reporters.
Subsea 7 Employs Sonardyne’s Acoustic and Inertial Navigation
Subsea engineering, construction and installation company, Subsea 7, has made use of acoustic and inertial navigation technologies from Sonardyne International Ltd. during a project to install flowlines, risers and subsea structures at a new deepwater field development in the Gulf of Mexico, due to commence production in 2016. Fred Goodloe III, Project Surveyor for Subsea 7 worked closely with…
Statoil: Barents Sea Exploration Completed
Statoil has completed the extensive 2013-2014 exploration programme in the Barents Sea. This represents an all-time high exploration activity and 10% of all exploration wells drilled in the Barents Sea since its opening in 1980. “This is a unique exploration programme. A commitment of this size and complexity requires geological, technological and organisational muscle, and the data collected are important for the future understanding of the oil and gas potential in the Barents Sea…
