Transparency gives us a competitive edge in tenders. We have no outstanding debts, and our finances speak for themselves. We are known for being a boutique insurer. We don’t underprice or take on risk carelessly. Our rates reflect real value.
In the health segment, where we are a market benchmark, brokers often recommend us when competitors offer unsustainable quotes. Ultimately, the client’s choice prevails, but the broker’s role is to advise and protect.
“As co-chair of OEUK’s board, Phil’s guidance, passion, and generosity helped drive the North Sea Transition Deal and made sure the voice of our 200,000 people was heard by governments and politicians of all parties,” he added.
This week, state and private oil processors including Reliance Industries Ltd., Indian Oil Corp. and Bharat Petroleum Corp. bought more US West Texas Intermediate crude than normal, according to traders who asked not to be identified as they’re not authorized to speak to the media. The main driver was more favorable prices for the grade, which have weakened relative to Middle East benchmarks, they said.
The FPSO FEED contract involves engineering a gas FPSO for the Abadi gas field. This unit will process the gas and export dry gas via a subsea pipeline to the onshore LNG plant for liquefaction. The onshore LNG FEED contract includes designing two LNG trains and supporting infrastructure including a jetty, materials offloading facilities, and a logistics supply base. Dry gas from the FPSO will undergo impurity removal before liquefaction, storage, and offloading. The carbon dioxide (CO2) captured from the dry gas will be reinjected into the well.
Earlier this year Eni signed an agreement with Vitol to partner in Congo LNG and other producing and undeveloped oil and gas assets in Congo-Brazzaville and Cote d’Ivoire. The $1.65 billion transaction will see Vitol acquire a 25 percent stake in Congo LNG and 30 percent in the Ivory Coast’s Baleine field, where Eni has 77.25 percent, as announced by the companies March 19.
Over the past decade, the Gulf Cooperation Council (GCC), comprising Saudi Arabia, Qatar, the UAE, Bahrain, Kuwait, and Oman, has advanced bold strategies to reshape its economies by reducing reliance on oil while developing new sectors like renewable energy, tourism, financial services, and digital innovation. Charting a course toward long-term economic resilience, these nations have launched sweeping infrastructure projects and enacted reforms designed to attract foreign investment. And it has worked swimmingly, so far.
The uncertainty over Rosebank also comes as Equinor and Shell reshape their UK portfolios. The two companies are merging their offshore businesses under a new joint venture, Adura, which will become the country’s largest independent oil and gas producer. Announced in late 2024 and set to be completed at the end of 2025, the merger will be shared 50/50 between the partners. Equinor has framed the move as a way to reduce risk exposure while gaining scale, with Adura expected to rank as the UK’s second-largest producer after Harbour Energy. The new entity is designed to be more agile, cost-competitive, and better positioned to extend the life of existing fields — a strategy that underscores the tension between bolstering energy security and navigating stricter climate regulation.
The administration’s iconic ‘drill, baby, drill’ slogan has been wishful thinking this year as U.S. benchmark crude prices, WTI, have lingered in the low to mid-$60s per barrel for months, about 13% below year-ago levels. The additional supply from the OPEC+ group and the Trump Administration’s inconsistent tariff and trade policies have reduced investors and speculators’ confidence that oil prices could stage a rebound soon.
ADNOC L&S was first listed on the Abu Dhabi Securities Exchange in a June 2023 IPO that raised USD 769 million for parent company ADNOC, which retained an 81% stake. This secondary offering follows ADNOC’s marketed placement of ADNOC Gas shares in February 2025, which raised USD 2.84 billion.
Kuwait has made tremendous progress between 2018 and 2023. The pandemic was a catalyst. The introduction of platforms such as Sahel simplified processes, and the recently announced digitised certificate verifications from the Ministry of Higher Education have improved a process that used to delay university operations.
While Kuwait is not yet a fully digital society, it has built the essential platforms. True digital transformation requires a shift in mentality and work culture, not just digitised tools. That transformation is well underway.