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Oil & Gas

U.S. TO CONVERT OIL RIGS INTO MISSILE BASES IN PACIFIC DEFENSE STRATEGY AGAINST CHINA.

The United States is planning to repurpose oil rigs into a missile base, a strategic move aimed at strengthening its defense capabilities against potential Chinese threats in the Pacific. Naval engineering firm Gibbs & Cox has introduced the Modip project, which seeks to convert inactive oil rigs in the western Pacific into mobile missile defense bases to counter Chinese weapons.

  • 2 years, 3 months
Oil & Gas

ALGERIAN GAS TURBINE PLANT ANNOUNCES FIRST STEP IN AFRICA.

The Algerian gas turbine plant has taken a significant step forward, marking a first in Africa and adding to its achievements by securing a substantial share of the exports for a crucial component of power plants.

  • 2 years, 3 months
Oil & Gas

ASIAN LNG PRICES SOAR ON FEARS OF WIDER MIDDLE EAST CONFLICT.

Spot LNG prices in Asia surged to their highest level since January amid concerns of escalating conflict in the Middle East.

  • 2 years, 3 months
Oil & Gas

U.S. TO SET UP GLOBAL CARBON LEAKAGE TASK FORCE.

The U.S. federal government plans to establish a specialized task force to address global carbon emissions resulting from trade and manufacturing activities.

  • 2 years, 3 months
Power Grid

GLOBALLY ADDED WIND CAPACITY JUMPS 50% AND SETS RECORD.

In 2023, global wind capacity surged to a new peak of nearly 117 GW, a testament to growing government support and ambition despite challenging economic conditions marked by high interest rates and inflation.

  • 2 years, 3 months
Oil & Gas

LARGEST AVIATION HYDROGEN FUEL CELL PROJECT TO START BY 2029.

The unveiling of the largest hydrogen fuel cell project for aircraft, supported by significant government funding, has sparked discussions about the feasibility of hydrogen in aviation.

  • 2 years, 3 months