News

  • Insurance Jottings

    Lloyd’s outlines plans to reopen underwriting room mid-April Lloyd’s has set out plans to reopen the underwriting room the week commencing the 12th April ahead of the UK government’s update on the roadmap out of lockdown next week., (beginning the 22nd April)   150 Years…

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  • BP unveils first-ever employee share award plan

    Oil major BP is launching a first-ever share award scheme to more than 60,000 employees as the company continues transitioning towards a greener future.   This can be perceived as BP’s attempt to “rally the troops” around CEO Bernard Looney’s plan to shift to renewable…

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  • GTT technology recognised by Bureau Veritas

    GTT has obtained two Approvals in Principle (AIP) from Bureau Veritas, a world leader in testing, inspection and certification.   The first approval is related to the ‘NH3 Ready’ classification of Mark III membrane tanks. This AIP recognises that the Mark III system, without any…

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  • Elwave attracts support for subsea robotics venture

    Elwave has raised funds to support development of its first products for underwater robotics, including applications in the offshore wind sector.   The company was formed in 2018 to commercialize technology developed by the Biorobotic Laboratory of Institut Mines Telecom Atlantique.   Electric sense (or…

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  • €5.7 million for Hybrid Energy Storage Systems

    The Dutch Ministry of Economic Affairs and Climate Policy has allocated €5.7 million to FLEXINet.   In the upcoming years, the FLEXINet consortium will develop hybrid energy storage systems – capable of storing both heat and electricity. Pavol Bauer, professor at TU Delft and project…

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  • Energy Transfer to acquire Enable Midstream in US$7 billion equity deal

    Energy Transfer LP has agreed to acquire Enable Midstream Partners LP in an all-equity transaction valued at US$7.2 billion.   The deal strengthens Energy Transfer’s NGL infrastructure by adding natural gas gathering and processing assets in the Anadarko Basin in Oklahoma and integrates assets with…

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  • AMLO Calls for Mexican Energy Independence

    If President Andres Manuel Lopez Obrador were looking for ammunition in his quest to cut Mexico’s reliance on foreign energy, it would be hard to top the electricity blackouts affecting the north of the country.   Mexico reported 4.77 million homes and businesses losing power…

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  • Lukoil jumps in with takeover offer for FAR

    Following a failed attempt to enter into the RSSD project located offshore Senegal through the acquisition of stake from Cairn Energy, Russia’s Lukoil has now made a takeover offer to another partner in the project, Australia’s FAR Limited.   In a statement on the 17th…

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  • PSA approves manned subsea ops offshore Norway

    The Norwegian Petroleum Safety Authority (PSA) has issued consents for manned operations in 2021 to be performed by Technip Norge and Subsea 7 Norway.   Equinor signed framework agreements with the two contractors, and via a pool arrangement, Gassco and Vår Energi will also be…

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