News

  • Is Saudi Oil Policy Changing Before Our Eyes?

    Making sense of the internal politics of Saudi Arabia has never been easy because of the kingdom’s closed power structure.   But major changes have taken place at the top of the Saudi energy industry in recent days, and they will likely have an impact…

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  • Mixed results from recent North Sea exploration drilling

    Wood Mackenzie expects more than 60 exploration wells to be drilled in the North Sea in 2019, up 25% compared with 2018.   According to Glenn Morrall, an analyst with the upstream research team said: “While many of the prospects drilled will be infrastructure-led, we…

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  • Insurance Jottings

    AXA XL reinsurance structure to undergo massive revamp; Bermuda and London platforms to merge Re/insurer AXA XL is simplifying its reinsurance organisational structure, aligned around its key markets and intended to enhance the focus on its ‘payer to partner’ strategy. The changes, effective the 2nd…

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  • People in the News

    Pioneer expands renewables practice with Bishop hire MGA Pioneer Underwriters has hired Sam Bishop as an underwriter in its renewable energy team.   MS Amlin Names Beazley as Head of Reinsurance, Replacing Few Who Joins TigerRisk Global re/insurer MS Amlin announced that Chris Beazley, CEO…

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  • Mexico Budget Assumes Oil Output Growth Not Seen Since 1982

    Mexico’s conservative budget for next year depends in part on its oil company boosting production by about 17%, something that the country hasn’t achieved in almost four decades.   Pemex, as the Mexican national oil producer is known, is expected to increase its output to…

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  • Equinor granted life extension for two North Sea fields

    Equinor has received consents from the Petroleum Safety Authority (PSA) to use the facilities on the Vigdis and Tordis fields – both located in the North Sea off Norway – beyond their original operating life.   Consent for operation of the Vigdis field expires on…

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