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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Russia Considers Major Investment in Iraqi Gas Field

The Russian Ambassador to Iraq, Maxim Maksimov said that Russia is seeking to invest heavily in Al-Mansouriya gas field, in the Diyala governorate.   Maksimov said in a press statement yesterday that “Russian companies are willing to mobilise significant funds and have submitted an investment…

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