News

  • Insurance Jottings

    GFIA warns on industry collapse if retro coronavirus cover enforced The Global Federation of Insurance Associations (GFIA) has warned governments that forcing insurers to pay out on losses caused by the spreading coronavirus that are not covered by policies would threaten the entire financial stability…

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  • People in the News

    UIB adds to senior leadership with energy and operations hires UIB has appointed Carl Smith as operations director and Olivier Carriere as a senior risk engineer in the reinsurance broker’s Engineering Risk Consultants business.   Skuld reshuffles London leadership Skuld has promoted Matthew Burton to…

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  • Baker Hughes Virtual Test Successful for Louisiana Project

    Venture Global LNG, Inc has reported that liquefaction equipment for the Calcasieu Pass LNG export project it is developing in Cameron Parish, Louisiana, has passed a virtual string test conducted at a Baker Hughes facility in Massa, Italy.   “The successful string test demonstrates the…

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  • Equinor finds oil in first operated Gulf of Mexico well since 2015

    Norwegian oil major Equinor has encountered oil in the Monument exploration well in the US Gulf of Mexico.   Equinor is the operator of the Monument exploration well with a 50% interest and its co-venturers are Petronas’ subsidiary Progress Resources (30%) and Repsol (20%).   The…

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  • innogy commits to third wind farm offshore Germany

    innogy SE has taken the final investment decision for the construction of the 342-MW Kaskasi offshore wind farm in the German North Sea.   Located about 35 km (22 miles) north of the island of Heligoland, Kaskasi will be the company’s third wind farm offshore…

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  • Oil Leaps on Potential Global Output Cuts

    Oil posted a record weekly jump on hopes that global producers will decide to make historic output cuts this week, though optimism was tempered by concern that the curbs won’t avert a glut.   The OPEC+ coalition including Saudi Arabia will hold a meeting of its members…

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