People in the News

Trident Marine Managers Hires Smith, Opens Boston Office Trident Marine Managers (TMM), a managing general underwriter for the specialty marine and offshore energy industries and a part of Ryan Specialty Group (RSG), has appointed Clarke Smith as director of Underwriting.   This move was announced…

Read more

Oil Prices Reach Interim Recovery Stage

Oil prices have now reached an interim stage of recovery.   That’s according to Rystad Energy’s Head of Oil Markets Bjornar Tonhaugen, who outlined that prices will fluctuate around the $40 mark “for a while” and that “huge deviations” would not be likely.   Further…

Read more

PSA authorises Dvalin start-up offshore mid-Norway

Wintershall Dea has approval from the Norwegian Petroleum Safety Authority (PSA) to use new facilities for the subsea Dvalin field development in licence 435 in the central Norwegian Sea.   Dvalin, in a water depth of 385 metres (1,263 feet), was discovered in 210, 15…

Read more

China’s Oil Tanker Cluster Grows With Swelling Onshore Tanks

The cluster of oil tankers off China’s coast is growing and the vessels are waiting longer to offload their cargoes amid a lack of onshore storage space after a buying spree earlier this year.   The number of oil-laden tankers parked in Chinese waters has swelled since…

Read more

Wood’s growth in renewables continues with two major US solar contracts

Wood, the global engineering and consulting company, has secured two solar engineering, procurement and construction (EPC) contracts from an American power and energy company worth over US$200 million.   Wood was selected following a competitive tender process and will be responsible for delivering two major…

Read more