Upstream energy clients were increasingly favouring automatic capacity over traditional follow-only markets, according to George Richardson from broker WTW. This was because of its lack of differentiation between poor-performing construction classes, he said. Willis’s global head of natural resources, Rupert Mackenzie, warned that challenges to insurers’ profitability were increasing. Energy insurers were chasing market share…

The US administration’s ongoing review of offshore wind projects will feature different treatment for projects actively under development, when compared to those that have only been proposed, Interior Secretary Doug Burgum said last week. Burgum’s comments, during a visit to a natural gas export terminal in Louisiana, suggested that the administration might apply less scrutiny…