Lloyd’s to “flex up” cat appetite: Neal Syndicates at Lloyd’s will be able to take on a greater level of cat risk from 2021 on the back of improved market dynamics and pricing, CEO John Neal has said. Standard Club News: IMB Q2 2020…
Royal Dutch Shell Plc expects the UK can end the sale of gasoline and diesel vehicles in just a decade, as the nation attempts to eliminate emissions by the middle of the century. The ban can be brought forward to 2030 with “the right…
Norwegian firms Aker Solutions and Kværner have entered into a merger plan to create an optimised supplier company. The consolidation will take the form of a statutory merger whereby Aker Solutions will absorb Kværner, in accordance with the Norwegian Public Limited Liability Companies Act….
SSE has welcomed the decision by Ofgem to approve the 600MW HVDC transmission link connecting Shetland to the GB mainland. The link, being taken forward by SSE’s transmission business, Scottish and Southern Electricity Networks Transmission (SSEN Transmission), will facilitate the connection of renewable electricity…
Risen Energy Company Ltd recently announced that the company will provide EPC services for Xinghai Group’s 4/5 project (totalling 250 MW) in Loc Ninh, Vietnam, and is expected to complete shipment this December. The facility, one of the largest privately-funded EPC projects worldwide, will…
Flylogix and Cambridge Consultants have agreed to collaborate on harnessing Iridium’s satellite communications to control unmanned aerial vehicles from a central hub. The arrangement will allow Flylogix to transition from local drone piloting at the airfield to centrally controlled operations, strengthening its support service…
BP plans to spud Ironbark-1 off Western Australia in this year’s third quarter following approval of its environmental plan by the Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA). The well, in permit WA-359-P, will be drilled 170 km off Karratha in…
G20 countries have committed at least US$267.1 billion to support different energy types through new or amended policies since the beginning of the pandemic, as of the 15th July, according to energypolicytracker.org. These commitments include US$120.56 billion for unconditional fossil fuels, through 129 policies,…
Trident Energy has completed the acquisition of the Pampo and Enchova clusters offshore Brazil from the state-owned oil company Petrobras. Trident said on the 16th July that the ten concessions in question were initially developed by Petrobras in the 1980s. Namely, the Enchova,…
AIM-listed Enwell Energy has spudded of the SV-25 well at its 100% owned and operated Svyrydivske (SV) gas and condensate field in Ukraine. The well has a target depth of 5,320 metres, with drilling operations scheduled to be completed by the end of the…
