News

  • Insurance Jottings

    Cyber Criminals Still Busy Amid Pandemic How to contend with COVID-19-driven demand destruction has captured much of the oil and gas industry’s attention in recent months.   Another formidable threat, which has risen markedly since last year, deserves much vigilance from many industry players. That is the…

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  • Damen to deliver components package for oil recovery vessel

    Dutch shipbuilder Damen Shipyards Group has signed an agreement with South Korean-based Hanjin Heavy Industries and Construction (HHIC) to deliver a complete components package for a multi-purpose vessel.   Damen said that the package included all equipment for oil recovery operations as well as a…

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  • Vessel undergoes conversion for offshore wind farm installations

    Drydocks World has cut first steel for a conversion project for Boskalis.   The shipyard will convert an existing ship to a vessel designed for wind farm installations offshore Taiwan, and re-named BOKALIFT 2.   It will be capable of conducting offshore operations ranging from…

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  • NRL conducts first test of solar power satellite hardware in orbit

    US Naval Research Laboratory engineers launched PRAM, the Photovoltaic Radio-frequency Antenna Module, aboard an Air Force X-37B Orbital Test Vehicle on the 17th May as part of a comprehensive investigation into prospective terrestrial use of solar energy captured in space.   “To our knowledge, this experiment is…

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  • China building LNG terminal in Longkou

    China Oil & Gas Pipeline Network Corporation (PipeChina) has started building a new 20-million tonne/year (tpy) LNG terminal in Longkou, Shandong Province.   The terminal, which includes 20 220,000-cu m storage tanks, will supply 28 billion cu m/year (bcmy) of natural gas to China’s markets….

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  • No-one Expected Shale Cuts to Happen So Fast

    In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production.   But few expected that the cuts would run this deep — and happen so quickly.   Drillers are laying down rigs and…

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  • Qatar Petroleum enters two Total blocks off Ivory Coast

    State-owned Qatar Petroleum (QP) has entered into an agreement to acquire stakes in Total’s two exploration blocks offshore the Ivory Coast.   Qatar Petroleum said on the 18th May that it bought a 45 per cent participating interest in blocks CI-705 and CI-706 from the…

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  • Major trio submit plans for Northern Lights

    Equinor, Shell, and Total have decided to invest in the Northern Lights project in Norway’s first exploitation license for CO₂ storage on the Norwegian continental shelf.   Plans for development and operation have been handed over to the Ministry of Petroleum and Energy.   The…

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