What Insurers Should Know as Ransomware Takes Centre Stage Cyber criminals aren’t just stealing passwords and data. They’re stealing the spotlight. Amid the ongoing COVID-19 pandemic which has been a global focus since government shutdowns began in March of last year, insurers and businesses…
Axa XL Lloyd’s energy liability head Wilson set for Lancashire move Lancashire has continued to expand its London team with the addition of Julius Wilson, head of energy liability at Axa XL’s UK and Lloyd’s operations. CAC recruits McGriff’s energy property co-leader Chappell CAC…
The much-politicised Nord Stream 2 undersea gas pipeline from Russia to Germany is 99% complete, the pipeline operator said on the 28th July, after the pipelay vessel Akademik Cherskiy finished its initially planned workload. The US$11 billion Nord Stream 2, designed to bypass Russia’s political foe Ukraine and double…
SBM Offshore has announced that it has signed contracts with Petróleo Brasileiro SA (Petrobras) for the 26.25 year lease and operation of the FPSO Almirante Tamandaré. The FPSO will be deployed at the Búzios field in the Santos Basin approximately 110 miles offshore Rio de Janeiro….
Oil major ExxonMobil has made an oil discovery at the Whiptail well, located in the Stabroek Block offshore Guyana, which could form the basis for future development. The Whiptail-1 well encountered 246 feet (75 metres) of net pay in high-quality oil-bearing sandstone reservoirs. Drilling…
Blue Gem Wind (BGW) has commissioned a metocean study to support the design of the first floating offshore wind projects offshore Wales. BGW, a joint venture between Simply Blue Energy and TotalEnergies, is the developer behind the Erebus and Valorous projects in the Celtic…
KBR, Inc has announced that it has been awarded technology licensing contracts by PKN ORLEN (PKN) for KBR’s leading Solvent Deasphalting (SDA) and Residue Fluid Catalytic Cracking (RFCC) technologies as part of PKN’s Bottom-of-the-Barrel project for its Plock Refinery in Poland. Under the terms…
The American Petroleum Institute (API) has published Standard (Std) 1104, 22nd Edition, Welding of Pipelines and Related Facilities, updating an important global standard which supports industry-wide actions to strengthen environmental sustainability efforts while meeting growing energy demand. “Standard 1104 is API’s most widely utilised…
Dana Gas PJSC will retain and operate oil and gas assets in Egypt after winning arbitration on its termination of a sale and purchase agreement (SPA) from the London Court of Arbitration (LCIA). Arbitration was initiated in April by IPR Wastani Petroleum Ltd, a…
Indonesian upstream regulator SKK Migas will conduct a decommissioning programme for seven platforms no longer used to support upstream oil and gas operations. SKK Migas said on the 27th July that this step was part of the industry’s obligation to carry out post-operation environmental…
