Marine Insurance – Offshore Energy

• Turkey stakes claim to North of Cyprus gas resources November 7, 2018
  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 ….
• No Jones Act waivers sought as a result of pipeline explosion November 5, 2018
  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 ….
• Injured oil rig worker awarded $1m by US federal court November 2, 2018
  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 …..
• High Court decision on $470m energy claim is confirmed October 26, 2018
  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" ….
• UK Club & Thomas Miller launch offshore covers October 16, 2018
  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....
• Oil producers and drillers return to GoM October 15, 2018
  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 ….
• Piracy incidents in Asia tick up in first nine months of year October 15, 2018
  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 ….
• A fifth of Mexico oil production temporarily shuttered as Hurricane Michael approaches October 10, 2018
  Energy companies shut down nearly 20% of Gulf of Mexico oil production and evacuated staff from 13 platforms as Hurricane Michael continued on a path that could take it up through the eastern ….
• Cost of accessing deepwater components far higher than the cost of component September 19, 2018
  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 ….
• Building The Unthinkable in the Offshore Energy World September 19, 2018
  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 ….