News

  • In Poland, The Nuclear Option Is Still On The Table

    Poland has toyed with the idea of nuclear power generation for decades. The first serious plans were established and put into action under communism when construction of the nuclear power plant in Zarnowiec took off.   However, slated for completion in 1990, the Zarnowiec project…

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  • Obsidian terminates sale of Peace River Oil interest

    The agreement providing for the sale of Obsidian Energy Ltd’s 55% interest in the Peace River Oil Partnership to Highwood Oil Company Ltd, Calgary, for C$97 million has been terminated as consent to the transfer of the company’s partnership units and consent of transfer of…

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  • Six Offshore Wind Farms the Size of Nuclear Power Plants

    Everything about offshore wind just keeps getting bigger.   Last month alone, New York awarded America’s single-largest renewables procurement to offshore wind, and General Electric unveiled the world’s largest-ever turbine nacelle, also for offshore wind.   Offshore wind projects, meanwhile, are already exceeding the capacity…

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  • Jadestone tendering for offshore Vietnam gas project

    Jadestone Energy has completed front-end engineering design (FEED) for the offshore facilities and pipelines for its proposed Nam Du/U Minh gas development off Vietnam.   Earlier, the company submitted an environmental impact assessment for the project.   The company is tendering for the major contracts…

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  • Insurance Jottings

    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…

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  • People in the News

    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…

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  • Equinor, Total team up to explore for oil & gas offshore Sri Lanka

    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…

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  • BP exiting Alaska

    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…

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