News

  • Insurance Jottings

    Giving insurance a voice: Brexit ‘nightmare’ for industry unless government breaks political deadlock Article by Kennedys Law LLP We are delighted to introduce our latest report – Brexit and the insurance sector: Towards 2020 and beyond – as part of Kennedys’ ongoing commitment to providing key…

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  • People in the News

    IGI taps Novae underwriter for energy expansion Specialist commercial re/insurer International General Insurance Holdings (IGI) has strengthened its energy offering with the appointment of James Green as senior underwriter for downstream energy.   Mr Green joins from Novae, where he was class underwriter for renewable…

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  • Europe Getting Serious About Buying US LNG

    European nations are far behind Mexico and China when it comes to receiving liquefied natural gas from the US, but the region is making its biggest effort to date to change that.   European Commission trade officials will travel to Washington on the 20th August…

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  • Possibly New Border Crossing between Iraq and Turkey

    Turkish and Iraqi officials have reportedly announced plans for a feasibility study in advance of opening a new border crossing point 12 kilometres west of Habur (on the Turkish side of the Turkey – Kurdistan border)   The new crossing would be named Ovaköy.  …

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  • ExxonMobil signs intent to ship gas on Permian Highway line

    ExxonMobil plans to support the proposed Permian Highway Pipeline (PHP) Project, signing a letter of intent for subsidiary XTO Energy to contract for as much as 450,000 dekatherms/day of capacity on the pipeline.   The US$2-billion PHP Project will provide an outlet for increased gas…

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  • Horizon finds partner to bring Lachowice gas field to production

    Horizon Petroleum Ltd, Calgary, has signed a farm-in agreement on Lachowice natural gas field in the Bielsko-Biala concession in southern Poland, a concession the company is in the process of acquiring.   The farmee, a private European entity, agreed to fund 100% of the capital…

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  • Resource upgrade for Iris Hades discovery offshore mid-Norway

    Contingent resources from OMV’s recent Iris Hades gas/condensate discovery in the Norwegian Sea have risen substantially following recent evaluation.   Partner Faroe Petroleum now estimates reserves in the 63-322 MMboe range and based on preliminary fluid analysis condensate makes up around 25% of the resource,…

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  • Scottish Gov’t injects another US$6.45 million to decommissioning fund

    An additional £5 million US($6.45 million) has been made available by the Scottish Government to the country’s supply chain to help maximize the economic benefit to Scotland from decommissioning of North Sea infrastructure.   The Minister for Energy, Connectivity, and the Islands, Paul Wheelhouse, announced on the…

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