News

  • US proposes New York Bight offshore wind lease sale

    The Department of the Interior has proposed a sale for offshore wind development on the outer continental shelf in the New York Bight – an area of shallow waters between Long Island and the New Jersey coast.   The proposed sale notice (PSN) includes eight…

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  • Insurance Jottings

    UN calls for insurers to end coal underwriting as part of net-zero drive UN secretary-general António Guterres has called on more insurers to align their investment and underwriting portfolios with net zero by 2050 goals, stating that the industry has a “key role” to play…

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  • People in the News

    Lockton Re adds Guy Carpenter’s Jones to marine and energy team Lockton Re has strengthened its marine and energy team with the hire of Ollie Jones from rival Guy Carpenter.   Oneglobal names Howden’s Jenner as chairman of energy Oneglobal Broking has announced the appointment…

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  • What Now for Canadian Oil Sands Producers?

    Last week TC Energy confirmed that it has officially nixed the Keystone XL Pipeline Project given President Biden’s revocation this past January of a critical permit for the pipeline’s completion.   A completed Keystone XL would have given Canada’s oil sands producers a major additional outlet…

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  • Equinor shedding Danish refining assets

    Equinor ASA has inked a deal for the sale of subsidiary Equinor Refining Denmark AS (ERD) – including the ERD-operated 107,000-b/d refinery at Kalundborg, in north-west Zealand – to UK-based Klesch Group, owner of Raffinerie Heide GmbH’s 4.5-million tonne/year (tpy) refinery at Hemmingstedt, Schleswig-Holstein.  …

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  • WEM Marine takes delivery of two wind support vessels

    Strategic Marine has delivered two 27-metre (88.6-foot) crew transfer vessels to UK-based support vessel provider WEM Marine, which services the offshore wind market.   Both vessels were designed to meet WEM’s requirements for deployments in the UK and other European waters.   They are each…

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  • Tellurian and Vitol in US$12 Billion LNG Deal

    Tellurian Inc has announced that it has finalised a liquefied natural gas sales and purchase agreement (SPA) with Vitol Inc.   The deal is for three million tons per annum, on a free on board basis at Driftwood LNG, for a ten-year period, indexed to…

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