Offshore Energy
Offshore Energy
News, insights and thought leadership for re/insurance professionals with an interest in offshore energy.

Nord Stream sues insurers in London over 2022 pipeline blasts - Reuters

Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show.
Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show.
reuters.com / Article / 17 days ago

Latin America

The year 2023 has seen a significant rise in production costs and inflation. This increase has directly impacted insurance claims as the costs of repairing...
The year 2023 has seen a significant rise in production costs and inflation. This increase has directly impacted insurance claims as the costs of repairing...
Article / 2 months ago

Energy

In our last Annual Insurance Review, we anticipated the further progression of the energy transition and a corresponding expansion of associated insurances...
In our last Annual Insurance Review, we anticipated the further progression of the energy transition and a corresponding expansion of associated insurances...
Article / 2 months ago

Guyana court stays order for Exxon to give unlimited guarantee for oil spills - Reuters

A Guyana Appellate Court judge on Thursday temporarily stayed a lower court's order requiring Exxon Mobil and partners in offshore oil production to provide an unlimited guarantee to cover potential oil spills.
A Guyana Appellate Court judge on Thursday temporarily stayed a lower court's order requiring Exxon Mobil and partners in offshore oil production to provide an unlimited guarantee to cover potential oil spills.
reuters.com / Article / 10 months ago

Guyana judge delays decision on Exxon spill-insurance ruling - Reuters

A Guyana appellate judge on Wednesday delayed a decision on a request by the country's environmental agency to stay a lower-court's ruling requiring a consortium led by Exxon Mobil to provide more liability coverage for an offshore oil platform.
A Guyana appellate judge on Wednesday delayed a decision on a request by the country's environmental agency to stay a lower-court's ruling requiring a consortium led by Exxon Mobil to provide more liability coverage for an offshore oil platform.
reuters.com / Article / 10 months ago

Exxon, Guyana's environmental agency in breach of oil-spill insurance -court - Reuters

An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruled on Wednesday, a decision the government rejected.
An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruled on Wednesday, a decision the government rejected.
reuters.com / Article / 11 months ago

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