Cable failure top cause of offshore wind insurance claims, warns Allianz
Cable failure is costing millions per case, while larger turbines mean larger risks for insurers.
insurance
Targeting Congolese exploration, Greenpeace pursues insurers
The report finds that coverage for the oil blocks would be “prohibitively expensive” for any winning companies. Congo lacks the capacity domestically to provide insurance.
Parametric insurance and renewable pathways in Africa
Parametric insurance addresses these challenges by enhancing investment certainty and facilitating cash flow, whilst protecting against the broadest range of potential perils.
UK sets out penalties for would-be Russian oil cheats
The UK set out how it plans to deter oil traders from cheating on a global plan to cap the price of Russian petroleum.
Activists take aim at oil and gas insurance, following coal squeeze
Just as insurers have fled the coal industry, so are they coming under pressure to turn against oil and gas projects.
Velesto in the black after insurance payment for sunken rig
Malaysian driller Velesto Energy is back in the black after reporting a net profit of RM16.27 million ($3.88 million) for the second quarter following an insurance payout related to the sunken jack-up drilling rig NAGA 7.
Velesto abandons sunken drilling rig off Malaysia
Velesto Energy’s NAGA (dragon) 7 jack-up drilling rig that sunk offshore Malaysia last month while under contract to ConocoPhillips will be abandoned.
Insurance out of step with African piracy risk
Higher insurance premiums for maritime work in the Indian Ocean is out of step with reality, according to Dryad Global’s annual report.
War risk insurance spirals higher for Middle East tankers
Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels.