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Insurance News

 

Japan Insurers in Talks with Reinsurers to Resume Coverage in Russian Waters

Dec 27, 2022

Three Japanese insurance companies that are set to halt marine coverage of risks related to the war in Ukraine starting next month are in talks with reinsurers to resume those operations, they said on Monday. Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance on Friday told shipowners that they would stop offering marine war insurance, which covers damage to ships from war in Russian waters…

KY Gasline Erupts in Flames, One Dead

Aug 01, 2019

A natural gas line erupted in a ball of flames that could be seen for miles over a residential community in rural Kentucky on Thursday, killing one person and setting several houses on fire, a local sheriff said.The blast, in Moreland, a community about 40 miles (65 km) south of Lexington…

Fire Erupts at Schlumberger Facility in Angola

Feb 28, 2018

A fire has erupted at the facility used by U.S. oil services company Schlumberger at Angola's oil logistics hub in the capital Luanda, the chairman of state-run oil company Sonangol told a news briefing on Wednesday. Schlumberger, the world’s largest oilfield services…

Current News

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OneSubsea Bags Third PTTEP Subsea Systems Contract in One Year

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Iran War Exposes Risks of Fossil Fuel Dependence

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Sunda Energy Secures Environmental License for Drilling Ops off Timor-Leste

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Oil Drops 7% After Trump Predicts War Could End Soon

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Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade

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Offshore Tech: Seadrill Adopts igus’ Modular Energy Chains

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OSV Market: Asia Pacific Downshifts for the Long Haul

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