GFIA warns on industry collapse if retro coronavirus cover enforced The Global Federation of Insurance Associations (GFIA) has warned governments that forcing insurers to pay out on losses caused by the spreading coronavirus that are not covered by policies would threaten the entire financial stability…
UIB adds to senior leadership with energy and operations hires UIB has appointed Carl Smith as operations director and Olivier Carriere as a senior risk engineer in the reinsurance broker’s Engineering Risk Consultants business. Skuld reshuffles London leadership Skuld has promoted Matthew Burton to…
Venture Global LNG, Inc has reported that liquefaction equipment for the Calcasieu Pass LNG export project it is developing in Cameron Parish, Louisiana, has passed a virtual string test conducted at a Baker Hughes facility in Massa, Italy. “The successful string test demonstrates the…
Norwegian oil major Equinor has encountered oil in the Monument exploration well in the US Gulf of Mexico. Equinor is the operator of the Monument exploration well with a 50% interest and its co-venturers are Petronas’ subsidiary Progress Resources (30%) and Repsol (20%). The…
innogy SE has taken the final investment decision for the construction of the 342-MW Kaskasi offshore wind farm in the German North Sea. Located about 35 km (22 miles) north of the island of Heligoland, Kaskasi will be the company’s third wind farm offshore…
One petroleum exploration permit has been granted for Block Offer 2018. The successful bid was granted to Todd Exploration Management Services for PEP 60573, which covers an area of 105 km2, east of Inglewood, in onshore Taranaki. Todd Exploration Management Services is owned…
Oil posted a record weekly jump on hopes that global producers will decide to make historic output cuts this week, though optimism was tempered by concern that the curbs won’t avert a glut. The OPEC+ coalition including Saudi Arabia will hold a meeting of its members…
A hull for the Energean-owned Energean Power FPSO sailed away from the COSCO yard in China on Thursday, the 3rd April. The FPSO keel-laying took place at the COSCO Yard, Zhoushan, China, in April 2019 and in October 2019 the hull was undocked and…
Gas production from Kuwait Energy Eqypt-operated Al Jahraa field in Egypt’s western desert through a new ten kilometre gas pipeline to the neighbouring KPC facility has begun, said partner United Oil & Gas Plc. The pipeline was brought onstream on the 22nd March and…
According to Höegh LNG Holdings Ltd, its subsidiary, Höegh LNG Ltd, has applied for an LNG infrastructure ownership, operations and development licence in Cyprus. In order to diversify its energy mix and reach new emission targets for power production, Cyprus needs to replace its…
