Turkey stakes claim to North of Cyprus gas resources

Turkey will not allow the exploitation of gas reserves in the Turkish and north Cypriot waters of the eastern Mediterranean, President Tayyip Erdogan said on Sunday November 4th. The Eastern Mediterranean, believed to be rich in natural gas, has revived tensions between Turkey and Greece, the latter having a defence protection pact with the internationally…

No Jones Act waivers sought as a result of pipeline explosion

The explosion on the Enbridge natural gas pipeline on October 9th has not led the US west coast marine oil market to seek Jones Act waivers, Reuters reported. One oil major was said to have been contemplating Jones Act waivers, but there was sufficient Jones Act-compliant equipment in the Pacific Northwest and idle in the…

Injured oil rig worker awarded $1m by US federal court

A federal court in Louisiana has awarded $1.04m to oil rig worker who suffered severe injuries in a helicopter crash in October 2013. A federal court in Louisiana awarded $1.04m plus interest to an oil rig worker who was injured in a helicopter crash. The helicopter was bringing Miller and two other men back to…

High Court decision on $470m energy claim is confirmed

Clyde & Co said that it had received confirmation from the Danish Court that the favourable High Court decision absolving Insurer clients of a $470m claim stood as “final and unappealable”. The energy construction claim was notified by Norwegian energy company Noreco against a group of international insurers in 2009. Noreco claimed that its all-risk…

UK Club & Thomas Miller launch offshore covers

UK P&I Club, in conjunction with Thomas Miller Specialty Offshore (TMSO), has launched a range of insurance covers for Members operating in the Offshore arena. The products cover operations such as anchor handling, tug and supply, offshore and diving support, offshore construction, pipe and cable laying, seismic research, windfarm support, and ROV/Subsea operations. The UK…

Oil producers and drillers return to GoM

Chevron Corp, BP Plc and other major oil producers and drillers began returning crew to more than 90 offshore facilities in the eastern Gulf of Mexico during the evening of October 11th after Hurricane Michael moved onto land. Production shut-ins temporarily halted 42% of Gulf oil output and more than 30% of natural gas production….

Piracy incidents in Asia tick up in first nine months of year

There were 64 reported incidents of piracy and armed robbery against ships, comprising 50 actual incidents and 14 attempted incidents in Asia during the first nine months of 2018, up from 62 in the same period last year, according to the latest ReCAAP report. Of the 64 incidents, three were incidents of piracy and 61…

Cost of accessing deepwater components far higher than the cost of component

Insurance contracts might not be best-designed for deepwater projects, because quite often the cost of an item several hundred metres under the surface paled into insignificance when compared with the cost of accessing it, noted Kevin Jarman at the Offshore Energy workshop at IUMI 2018 in Cape Town, South Africa. Jarman, CEO of adjuster MatthewsDaniel,…

Building The Unthinkable in the Offshore Energy World

Before Harrison spoke, James McDonald, chairman offshore energy Committee , Talbot Underwriting Lt, had introduced the workshop, noting that “we are building the unthinkable in the offshore energy world. As Nelson Mandela said, “it always seems impossible until it is done”. The deepest infrastructures installed on Stones field are at 2,896m. In 2015 and 2016,…