Highview Power, the global leader in long-duration energy storage solutions, has announced that it has developed a modular cryogenic energy storage system, the CRYOBattery™, which is scalable up to multiple gigawatts of energy storage and can be located anywhere. This technology reaches a new…
Three campaigners who protested against fracking in Lancashire have been found guilty of contempt of court. They had taken part in a ‘lock-on’ protest at Cuadrilla’s site on Preston New Road last July. They breached an injunction obtained by Cuadrilla to ban trespassers blocking…
XL Catlin’s Will Steeds joins Apollo as senior political risk underwriter Specialist re/insurer Apollo Syndicate Management has appointed William Steeds as senior political risk underwriter for Syndicate 1969. Honan’s new hire from Starr to drive growth, strategic expansion across Asian market Honan Insurance Group,…
This year, the US will surpass Malaysia to become the world’s third largest seller of LNG. The country could even eclipse Qatar and Australia to take the top spot by 2024. This is truly staggering growth considering that LNG exports from the contiguous 48…
Venture Global LNG, Inc reported the 27th June that it has raised US$675 million of additional capital from institutional investors, bringing total committed capital raised for its South Louisiana LNG export projects to more than US$2.8 billion. Venture Global will earmark most of the…
Rockhopper has been given a boost after an international tribunal rejected Italy’s request for the suspension of the arbitration initiated by the oil company against Italy related to its Ombrina Mare field in the Adriatic Sea. The company started international arbitration proceedings against Italy…
Oil Search Ltd, Port Moresby, has exercised an option to increase its oil and gas interests in Alaska with a view toward starting 30,000 b/d of early production by 2022 from Nanushuk oil field in the Pikka Unit. It is buying remaining interests of…
Lloyd’s to tackle emerging risks with new £53 million innovation facility backed by 12 carriers Lloyd’s has launched a new initiative with £53 million capacity to expedite product development for new and emerging risks in the re/insurance marketplace. The move is a part of John…
Thai PTTEP said on the 27th June that it had made largest ever gas discovery ever in Malaysia, but came short of providing the estimated size. It said the discovery offshore Sarawak was a “multi-tcf” one. Energy intelligence firm Wood Mackenzie thinks the discovery…
With LNG greenfield investments expected to reach near US$103 billion this year, 2019 is set to shatter previous records for the oil and gas industry, according to energy research firm Rystad Energy. And Africa is leading the way. With some LNG mega-projects in…
