An overview of the insurance implications of a mega box ship casualty Article from Standard Club A mega box ship casualty will result in a number of losses and third party liabilities for an owner. This article looks at the major areas of P&I cover…
Markel names Coface’s Paul senior underwriter in Dubai Markel International has hired Keith Paul to take up the role of senior trade credit and political risk underwriter in Dubai. Convex names former XL Catlin manager Middleton ceded reinsurance head Stephen Catlin and Paul Brand…
The Royal Navy has intervened to stop Iran from blocking a commercial oil tanker leaving the Persian Gulf, heightening friction just as European nations scramble to salvage a landmark nuclear accord with the Islamic Republic. The BP Plc-operated British Heritage, which can carry as…
Norwegian oil firm Equinor, South Korean oil firm Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) have teamed up to develop an offshore wind farm in South Korea. Equinor said the consortium would develop the floating offshore wind…
Neptune Energy will participate in a pilot project to create the first offshore hydrogen plant in the Dutch North Sea. NexStep, the Dutch Association for Decommissioning and Re-Use, and TNO, the Dutch research organisation, commissioned the pilot. A megawatt electrolyser, housed within a…
Bürgerwindpark Reußenköge GmbH & Co KG has placed an order for 12 V112-3.45 MW turbines for the expansion of a citizen-owned wind park in Schleswig-Holstein. With this order, the wind park will have a total installed capacity of 210 MW with the possibility of…
Murphy Oil Corporation reported on the 10th July that it has completed the sale of its Malaysia portfolio to a unit of PTT Exploration and Production Public Company Ltd. (PTTEP). Murphy will receive approximately US$2.035 billion in proceeds from the transaction, and the company…
Chinese oil giant CNOOC and Sinopec have signed a cooperation agreement under which they will conduct studies related to joint exploration and facility sharing offshore China. CNOOC said in a statement on the 10th July that the cooperation framework agreement with Sinopec would cover…
Eyal Offer’s Singapore-based OG Oil & Gas (OGOG) has made a new bid to acquire all the 30% of New Zealand Oil & Gas (NZOG) shares which it does not already own. The two companies have entered a scheme implementation agreement under which OGOG…
Senior experts from the Dutch Ministry of Finance, PMV NV and Port of Amsterdam are set to present on the future investment opportunities and potential financing methods in the Benelux region on 20th-21st November 2019, in Amsterdam SMi’s longest-running and most successful finance conference, Benelux…
