Commenting on the Government’s contingency plan for Brexit and the Irish border in a post Brexit landscape Mandy Johnston, CEO of the Irish Offshore Operators’ Association said, “The withdrawal of the UK from the EU will increase Ireland’s vulnerability in terms of energy import dependency…
Most US refiners whose plants are in the path of Tropical Storm Barry took steps on the 12th July to keep them running, even as forecasters warned that the second named storm of the season could become a hurricane just before landfall. Exxon Mobil…
A unit of Inpex Corp. has won an exploration permit for Block AC/P66 in Australia’s North West Shelf, the Japan-based company reported on the 12th July. Inpex stated that it will hold a 100-percent participating interest in the block, which is located in the…
The European Union is reportedly preparing to hit Turkey with sanctions over the country’s drilling operations in the contested waters offshore Cyprus. Reuters reported it had seen a draft of what the EU sanctions would be “set to curb contacts and funding for Ankara,”…
Cuadrilla Resources Ltd will resume hydraulic fracturing and flow testing at its Lancashire site in Preston New Road near Blackpool and seek relief from low seismicity thresholds. The company suspended operations last December after a 1.5 magnitude tremor, strong enough to require it to…
Evolving global markets clearly are having impacts on proposed US LNG export projects, witnesses told the Senate Energy and Natural Resources Committee on the 11th July. Overseas customers are moving away from long-term contracts and toward investing in US terminals which can export US-sourced…
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…
