Logistics & storage

U.S.

President Donald Trump told U.S. energy officials to purchase “large amounts” of oil to fill up the nation’s emergency reserve after the biggest price crash in a generation. Replenishing the Strategic Petroleum Reserve — as proposed by some oil lobbyists earlier this week in light of the collapse in prices — would enable the government …

Vessel

Russian shipping giant Sovcomflot and Polarcus have again decided to defer the redelivery of the Vyacheslav Tikhonov seismic vessel to Polarcus and it may not be the last time for this to happen. The Vyacheslav Tikhonov is a high ice class 8 streamer vessel suited to 3D XArray exploration requiring cable separations of 160 to …

wind developer

Shell has agreed to buy French offshore wind developer Eolfi SA, continuing its expansion into renewable power. The oil major is boosting spending on low-carbon energy as it faces pressure to address the risks climate change poses to its business. Shell’s biggest renewable bets so far have been on acquiring retail customers, through the purchase …

peregrino jacket

The Peregrino C jacket, built by Heerema Fabrication Group for Equinor, has left a fabrication yard in the Netherlands and sailed away to Brazil. Equinor awarded Heerema Fabrication Group the procurement & construction contract for the Peregrino II WHP C Jacket in May 2017. The construction started in November 2017 at Heerema’s Vlissingen yard. In a social media post …

new contracts

Petrofac will provide FEED and conceptualization studies to clients in Oman and Libya following the award of a clutch of new contracts. In Oman, Petrofac will support Flare to Value LLC (F2V) by producing a basic engineering package to recover gas that is currently flared at three onshore locations. Petrofac’s focus will be on the …

Gazprom

MOSCOW – Gazprom is making preparations for the first pipeline supplies of Russian gas to China via the Power of Siberia gas pipeline. Efforts for filling up the pipeline with gas from the Chayandinskoye field in Yakutia are going according to schedule, with start-up and commissioning operations undergoing at the field’s core facilities. Drilling of …