The world's fifth largest oil field - the biggest discovery in 30 years - will not be able to produce until two years from now. Sulphurous gases have corroded the pipe aimed at transporting the oil to shore.
BY KASPER BRØNDGAARD ANDERSEN, ENERGIWATCH
A massive oil project in Kazakhstan has once again run into serious problems.
The Kashagan oil field, estimated to contain the fifth largest reserves in the world, will likely not start producing before 2016.
A large number of DSV employees have for weeks been living under the hard lockdown of major Chinese city Shanghai. In an interview with ShippingWatch, regional head of air and sea freight Claus Thomsen talks about keeping spirits high amid an uncertain situation.
Industry stakeholders and NGOs describe meetings last week leading up to IMOs climate session in June as a breakthrough for a global CO2 levy considered the single most important tool to decarbonize shipping. ”A huge step forward,” says researcher Tristan Smith.
The long-term lockdown of major city Shanghai has seriously affected land logistics at one of the world trade’s crucial hubs. It will take time to get infrastructure back to normal, predicts DSV regional head to ShippingWatch.