Sompo International appoints new P&C chief underwriting officer Sompo International Holdings, the specialty provider of property and casualty insurance and reinsurance, has appointed John Kuhn to the new role of chief underwriting officer (CUO) for Sompo International’s property & casualty (P&C) business. Mr Kuhn…
Russia’s first floating nuclear power plant (FPU), Academik Lomonosov, has embarked on its first sea voyage to load its reactors with fuel. The Academik Lomonosov floating nuclear power unit (FPU), which is owned by state-owned atomic energy corporation Rosatom, is also claimed to be…
Fluor Corporation has announced that Stork, part of Fluor’s Diversified Services segment, was awarded a three-year contract by Shell UK Limited to provide technical support for a range of Shell’s UK-based ONEgas assets in the Southern North Sea, as well as onshore facilities, offshore installations…
Independent Oil and Gas, the development and production focused Oil and Gas Company, has provided an operational update on its Southern North Sea dual hub development project, the Thames Pipeline Intelligent Pigging Programme (‘IPP’), and Harvey. Highlights Contract with Subsea7 signed to provide a…
Crude rose after Israeli intelligence about Iranian nuclear ambitions heightened concern an international accord may unravel. Futures in New York rose 0.7 percent on the 30th April to settle just pennies shy of a three-year high. Israeli Prime Minister Benjamin Netanyahu said Iran had…
The innovative Wärtsilä autodocking technology tests were carried out with the ‘Folgefonn’ ferry owned by Norled. The technology group Wärtsilä has successfully carried out testing of its innovative autodocking technology. The tests were carried out with the ‘Folgefonn’, an 83-metre long ferry owned by…
ExxonMobil has said that it expected the facility to reach full capacity in May and confirmed that exports of LNG have resumed. “Production has been gradually increasing since the Hides gas conditioning plant and one train at the PNG LNG plant restarted earlier this…
Chevron will idle the second production unit at its Gorgon liquefied natural gas project in May to carry out modifications already implemented at the other two units, a senior executive has said. Pat Yarrington, Chevron’s vice president and chief financial officer, said in an…
Dril-Quip has warned that due to territorial discussions between China and Vietnam, Repsol’s Ca Rong Dong (CRD) project offshore Vietnam may experience delays or even be cancelled. Earlier this year the company won a contract to supply top-tensioned riser systems and related services for…
Abu Dhabi National Oil Company (ADNOC) has awarded Austrian oil company OMV a 20% stake in the SARB and Umm Lulu offshore concession. OMV joins Spain’s CEPSA as a shareholder in the offshore concession. The company paid US$1.5 billion to enter the concession, a…
