Breaking Down the Silos in the Energy Insurance Market The drive to green energy is forcing the Hands of world’s energy producers, with important consequences for insurers, writes Dennis Culligan, Longdown|EIC Ltd. Last month some of the world’s major oil companies and the energy insurance…
The first export of natural gas from the U.S. East Coast has set sail. Dominion Energy Inc’s Cove Point terminal in Maryland shipped its first commercial cargo of liquefied natural gas on the 16th April, officially bringing the total number of US exporters of…
The company which owns twin oil pipelines beneath the waterway which connects Lake Huron and Lake Michigan is preparing to launch an underwater vehicle to inspect damage which may have been caused by a ship’s anchor. A spokesman for Enbridge Inc said on the…
Esso Australia plans to drill two exploration wells in mid-year on the VIC/P70 block, 90 kilometres (56 miles) off the East Gippsland Victorian coast. According to the company’s website, the wells will target the Baldfish and Hairtail prospects, with the program expected to last…
Helicopter operator CHC Group has signed a two-year contract extension with Aker BP to support its infield shuttle at the greater Valhall field in the Norwegian North Sea. In a statement announcing the contract on the 17th April, CHC said that the contract will…
It is 30 years since the world looked on in horror as the terrible events of Piper Alpha unfolded. Lessons learned from that tragedy have ensured that the health and safety regime in the North Sea is entirely different now. How the legacy…
Chevron Pacific Indonesia (CPI) has obtained approval to drill 22 new wells at six fields in the Rokan block in Riau Islands, known as the country’s most productive oil block. Yanto Sianipar, CPI’s senior vice president for policy, government and public affairs, said the…
Poland’s biggest oil refiner PKN Orlen said on the 13th April that a shipment of 130,000 tonnes of Iranian crude oil has arrived at the Baltic seaport of Gdansk. Most of the oil refined in Polish refineries comes via pipelines from Russia, but state-run…
Slovenia has signed a five-year agreement with Russia’s state monopoly Gazprom for the supply of gas, praising cooperation with Moscow despite the crisis over Syria. Foreign Minister Karl Erjavec hailed the five-year deal as important for Slovenia’s economy. Official STA news agency quoted…
Fieldwood Energy LLC has acquired all of Noble Energy Inc’s deep-water oil and gas assets in the Gulf of Mexico. The acquisition was a key component of Fieldwood’s restructuring and recapitalisation plan, which was recently confirmed by the Bankruptcy Court for the Southern District…
