Labuan and Swiss Re partner on event to drive captives in Asia More companies across Asia are open to the idea of using captives, according to officials from the Labuan Financial Services Association and Swiss Re Corporate Solutions. The pair recently held an event…
Liberty unveils new Bermuda property leader Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Nicholas Garside to the role of head of Bermuda property. Reporting to Steve Horton, president, Liberty Specialty Markets Bermuda, Mr Garside took up his new role…
Sri Lanka has signed agreements with Total and Equinor to help it become an oil and gas producing nation. According to several media reports, including Colombo Page, Ceylon Today, and Reuters, the country’s government on signed a two-year offshore exploration deal with France’s Total…
BP has agreed to sell its entire business in Alaska to Hilcorp Alaska for a total consideration of US$5.6 billion. The sale will include the company’s entire upstream and midstream business in the state, including BP Exploration (Alaska) Inc, which owns all of its…
Electricity demand is rising as global temperatures increase and economies grow, driving greater demand for cooling: researchers project that by 2050 a warming climate will push energy needs 25% higher than they otherwise would be absent climate change in parts of China, Europe, and the…
In accordance with the OGA’s strict controls, hydraulic fracturing operations at the Preston New Road site have been suspended following the recent seismic activity in the area, including a 2.9ML event at 08:30 am on the 26th August, which was felt by people in the…
The North Dakota Health Department has acknowledged that a 2015 pipeline leak of liquid natural gas is far larger than the initial report of ten gallons. The environmental blog DeSmog, which uncovered the discrepancy, said that the spill was many orders of magnitude larger. …
Citing the need to focus on distinctive markets and growth opportunities, TechnipFMC reported on the 26th August that its board has unanimously approved a plan to separate the firm into two independent, publicly traded companies. The oil and gas services company – the product…
Tullow Oil has started drilling at the Joe prospect in the Orinduik block offshore Guyana, the company’s second well in the block, after the Jethro-1 well which struck oil earlier this month. According to Eco Atlantic, Tullow’s partner in the block, Joe-1 was spud…
The US$1.9-billion Greater Enfield project has produced first oil through the Ngujima-Yin FPSO offshore Western Australia, according to operator Woodside Energy. The Greater Enfield project was approved in 2016, to develop the Laverda Canyon, Norton over Laverda, and Cimatti oil accumulations through a 31-kilometre…
