International

World’s First 100,000-Ton Deep-Sea Semi-Submersible Oil Platform Ready for Production in June

The world’s first 100,000-ton deep-sea semi-submersible oil production and storage platform, China’s self-developed “Deep Sea No 1” energy station, has successfully completed installation of all equipment and is expected to start production at the end of June, China National Offshore Oil Corporation (CNOOC) said on Saturday. It once again demonstrated …

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Gazprom Resumes Oil Production in Libya

The Russian majority state-owned multinational energy corporation Gazprom has resumed oil production in Libya following a ten-month hiatus. The ports, export terminals and production facilities in Libya have gradually restarted operations, according to a report by the Russian news agency Tass. The managing director of Gazprom’s subsidiary Gazprom EP International, …

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US Energy Companies Are Scrambling For Cyber Insurance

U.S. energy companies are urgently building their cyberattack insurance coverage following the Colonial Pipeline network attack earlier this month, Reuters has reported, adding that premiums were likely to rise on this increased demand. A ransomware attack shut down the largest fuel pipeline in the United States two weeks ago, causing …

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