News

  • Energean completes Karish sales gas pipelay

    Energean Plc has completed installation of the sales gas export pipeline and main deep-water production systems in the Karish and Tanin development project, offshore Israel.   Karish development is now 80% complete, according to Energean.   TechnipFMC completed core installation of 90.3 km of 30-…

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  • Insurance Jottings

    New Zealand EQC renews NZ$6.2bn Aon-placed reinsurance programme New Zealand’s Earthquake Commission (EQC) has renewed its NZ$6.2 billion ($4.0 billion) reinsurance programme for the forthcoming year, with the cover provided by the Aon-placed programme unchanged from last year.   The premium is NZ$185.7 million for…

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  • People in the News

    Trident Marine Managers Hires Smith, Opens Boston Office Trident Marine Managers (TMM), a managing general underwriter for the specialty marine and offshore energy industries and a part of Ryan Specialty Group (RSG), has appointed Clarke Smith as director of Underwriting.   This move was announced…

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  • Oil Prices Reach Interim Recovery Stage

    Oil prices have now reached an interim stage of recovery.   That’s according to Rystad Energy’s Head of Oil Markets Bjornar Tonhaugen, who outlined that prices will fluctuate around the $40 mark “for a while” and that “huge deviations” would not be likely.   Further…

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  • PSA authorises Dvalin start-up offshore mid-Norway

    Wintershall Dea has approval from the Norwegian Petroleum Safety Authority (PSA) to use new facilities for the subsea Dvalin field development in licence 435 in the central Norwegian Sea.   Dvalin, in a water depth of 385 metres (1,263 feet), was discovered in 210, 15…

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  • China’s Oil Tanker Cluster Grows With Swelling Onshore Tanks

    The cluster of oil tankers off China’s coast is growing and the vessels are waiting longer to offload their cargoes amid a lack of onshore storage space after a buying spree earlier this year.   The number of oil-laden tankers parked in Chinese waters has swelled since…

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