Nord Stream 2 suggests alternate Denmark route for twin gas lines

Nord Stream 2 AG has submitted plans for an alternative route for the Nord Stream 2 gas lines which does not pass through Denmark’s territorial waters.   The application and Environmental Impact Assessment (EIA) report, delivered to the Danish Energy Agency (DEA), is for a 175-kilometre(109-mile) long…

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US-Iran Sanctions Give China Lead in Globe’s Top Gas Field

China National Petroleum Corporation is expected to take the lead on a US$5 billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after the US President re-imposed sanctions on the Islamic Republic.  …

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ExxonMobil acquires stake in Namibian offshore block

Namibian offshore explorer Azinam has farmed out a 30 percent share in its Petroleum exploration licence (“PEL”) 44, offshore Namibia.   The licence PEL 44 is located in the Walvis Basin and covers an area of 5,722 square kilometres, in water depths ranging from less than…

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Iraq and Jordan consider Joint Industrial Zone

On the 13th August, Jordanian Prime Minister, Omar Razzaz, met with Iraqi Defence Minister, Irfan Hayali, to discuss the Jordanian-Iraqi relations.   Mr Razzaz underlined the depth of the historic Jordanian-Iraqi relations and the keenness to enhance joint cooperation to serve the interests of both…

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Caspian leaders sign territorial agreement

Leaders of countries with Caspian Sea coasts have signed an agreement on territorial claims under dispute since collapse of the Soviet Union in 1991.   Clarification of at least some legal questions will ease impediments to oil and gas exploration and development and to pipeline…

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Insurance Jottings

Giving insurance a voice: Brexit ‘nightmare’ for industry unless government breaks political deadlock Article by Kennedys Law LLP We are delighted to introduce our latest report – Brexit and the insurance sector: Towards 2020 and beyond – as part of Kennedys’ ongoing commitment to providing key…

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People in the News

IGI taps Novae underwriter for energy expansion Specialist commercial re/insurer International General Insurance Holdings (IGI) has strengthened its energy offering with the appointment of James Green as senior underwriter for downstream energy.   Mr Green joins from Novae, where he was class underwriter for renewable…

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Europe Getting Serious About Buying US LNG

European nations are far behind Mexico and China when it comes to receiving liquefied natural gas from the US, but the region is making its biggest effort to date to change that.   European Commission trade officials will travel to Washington on the 20th August…

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