Biggest Uncertainty for UK Insurers Remains Around Business Interruption Claims: BoE The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing…
Lloyd’s names Núñez country manager and general rep for Spain & Portugal Lloyd’s has named Jose Núñez as its new country manager and general representative for Spain and Portugal. Axis hires GCube’s Woolley as senior construction underwriter Axis Insurance has named Anna Woolley as…
Premier Oil has announced that its creditors have approved the ‘Stable Platform Agreement’. As a result, the Company’s financial covenants have been waived through to 30 September 2020 whilst discussions continue over the proposed amendments to the Group’s existing credit facilities. Original article…
The NSW Coalition state government is preparing to announce the second phase of its renewable energy zone programme, with a call-out for up to 8GW of wind, solar and storage projects in a new zone in the north of the state, including New England. …
Hurricane Energy has provided an update on the extended oil production test on the basement Lancaster field west of Shetland. The 205/21a-6 well has delivered an average oil flow of around 12,000 b/d, but with increasing levels of produced water. Prior to commissioning…
Energy major BP has signed a natural gas supply agreement with ENN Group. The two companies aim to jointly support the growing energy needs of China’s southern Guangdong region. Under the terms of the agreement, BP will provide ENN with 300,000 tonnes per…
TechnipFMC has reported that it has signed an engineering, procurement and construction (EPC) contract worth more than US$1 billion with Assiut National Oil Processing Company (ANOPC) for a new hydrocracking complex in Egypt. In a written statement emailed to Rigzone, TechnipFMC stated the EPC…
At least 20% of shut-in Canadian production is being restored, just months after the price crash forced producers in Alberta’s oil sands to slash up to one million barrels a day of output. Cenovus Energy Inc, Husky Energy Inc and Baytex Energy Corporation are among companies…
The American Bureau of Shipping (ABS) has conducted a remote survey for steel certification at a steel mill to enable work on two Lamprell’s self-elevating drilling rigs. ABS said on the 7th July that the survey, which it described as “pioneering”, enabled work to…
Ørsted and Taiwan-based TSMC have signed a corporate power purchase agreement (CPPA). TSMC will offtake the full production from Ørsted’s 920MW Greater Changhua 2b & 4 offshore wind farm, making it the largest-ever contract of its kind within renewable energy. The 20-year fixed-price…
