News

  • Mozambique LNG to receive US$15-billion financing

    Total SA’s 12.9-million tonne/year (tpy) Mozambique LNG project expects to receive US$15-billion (R267-bn) of financing from a consortium led by South Africa-based Rand Merchant Bank (RMB).   The liquefaction plant is expected to enter service in 2024.   Total acquired Anadarko Petroleum Corporation’s 26.5% operated…

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  • InfraStrata Moves Forward With UK’s First FSRU Project

    InfraStrata Plc has signed a term sheet with West Face Long Term Opportunities Global Master LP, to acquire Meridian Holdings Company, under which sits the proposed Floating Storage and Regasification Unit Project located in Barrow-in-Furness, north-west England.   The FSRU Project will be the UK’s…

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  • Insurance Jottings

    Tokio Marine eyes ‘new hotspots’ for renewable energy expansion Specialty insurance group Tokio Marine HCC is planning to expand its presence in the renewable energy sector, specifically in new hotspots in South East Asia, South America, the Middle East and Africa.   Standard Club takes…

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  • People in the News

    BMS expands energy team with three senior hires Independent specialist (re)insurance broker BMS Group has announced a trio of appointments including Alison Schwab, Russell Williams and Robert Thomas to the energy division.   Ms Schwab and Mr Williams will join alongside Mr Thomas, following completion…

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  • Qatar Petroleum inks US$19.2 billion LNG shipbuilding deal

    Qatar Petroleum has inked three deals with South Korean shipbuilders reserving slots for its LNG tanker fleet expansion valued over US$19 billion.   Qatari giant said on the 1st June that it has signed deals to reserve LNG ship construction capacity in South Korea to…

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  • Drydocks World starts second project for HKZ wind farm

    Drydocks World has cut first steel for the high voltage alternating current (HVAC) transformer station topsides named Hollandse Kust Zuid (HKZ) Beta.   This is the third topsides which the shipyard will be constructing for Petrofac and end-client TenneT, and the second project for the…

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  • Oil Facing Demand Uncertainty After Record Rebound

    Oil posted its biggest monthly advance on record, just a few weeks after prices made a dramatic plunge below zero.   Crude surged about 88% in May, with US futures on Friday rising above US$35 a barrel for the first time since March, driven by…

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