Sep 13, 2023
Kent reports new contract wins for this year
Oil and Gas News
Sep 11, 2023
Pipelines
bp has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada.
With the additional contract to offtake 0.45 million tonnes of LNG per year (mtpa) for 15 years on a free on board (FOB) basis, all of the LNG production from the Woodfibre LNG export facility is now committed for sale to... [Read More]
Oil and Gas News
Sep 11, 2023
Pumps
ADNOC has made a final investment decision (FID) to develop one of the largest carbon capture projects in the Middle East and North Africa (MENA) region.
The Habshan carbon capture, utilisation and storage (CCUS) project will have the capacity to capture and store 1.5 million tpy of carbon dioxide (CO2) within geological formations deep underground.
The announcement... [Read More]
Oil and Gas News
Aug 31, 2023
Pipelines
Cadent has begun major work to replace a large section of gas pipeline in Helsby in the UK, which is essential to keeping homes in the area warm.
Cadent, which manages the local gas network, is calling time on the 3.2 km section of pipeline that runs directly under the A56.
The work will be completed in phases. Old metallic gas mains like these are being upgraded as... [Read More]
Oil and Gas News
Aug 30, 2023
Pipelines
Sarawak Shell has announced that gas production has started at its Timi platform in Malaysia under the SK318 production sharing contract (PSC).
Timi features Shell’s first wellhead platform in Malaysia that is powered by a solar and wind hybrid power system.
This unmanned platform is also more cost efficient, as a result of it being around 60% lighter in weight, than... [Read More]
Oil and Gas News
Aug 24, 2023
Other
The downstream oil sector’s leading trade body begins its new phase as Fuels Industry UK to demonstrate its evolving remit to champion low carbon fuels as well as traditional petroleum products.
Previously known as the United Kingdom Petroleum Industry Association (UKPIA), the change reflects its members' ambition to manufacture and supply the biofuels, low carbon... [Read More]
Oil and Gas News
Aug 21, 2023
Other
Aramco has acquired a 10% interest in Rongsheng for US$3.4 billion (€3.1 billion).
The acquisition follows the signing of definitive strategic agreements by both parties announced in March.
It represents the continued growth of Aramco’s downstream presence in China and includes the supply of 480 000 bpd of Arabian crude to the largest Chinese integrated refining... [Read More]
Oil and Gas News
Aug 18, 2023
Flowmeters
Emerson has reached an agreement to acquire FLEXIM Flexible Industriemeßtechnik - a global leader in clamp-on ultrasonic flow measurement for liquids, gases and steam.
Flexim, headquartered in Berlin, Germany, brings differentiated, complementary technology and strong customer relationships to Emerson, with an installed base of more than 100,000 flowmeters, as well... [Read More]
Oil and Gas News
Aug 18, 2023
Level Monitors
ABB has signed a framework agreement with Samsung Engineering in Saudi Arabia to collaborate in engineering and procurement activities in the Kingdom.
With this agreement, ABB becomes a single-source vendor for gas analyser system integration for Samsung within the country.
Together, the two companies plan to explore business opportunities and provide complete analytical... [Read More]
Oil and Gas News
Aug 15, 2023
Other
Advanced Ionics, the developer of a new category of hydrogen electrolysers useful for expanding green hydrogen production, has closed a $12.5 million (€14.5 million) Series A financing led by bp ventures.
Additional investors include Clean Energy Ventures, Mitsubishi Heavy Industries and GVP Climate.
The new capital will help catalyse Advanced Ionics’ growth and... [Read More]
Oil and Gas News
Aug 14, 2023
Pipelines
Topsoe has signed an agreement with World Energy GH2 to provide its ammonia loop technology for Canada’s largest renewable hydrogen projects - Project Nujio’qonik.
Project Nujio’qonik, located in the Bay St George region of Newfoundland and Labrador, will produce renewable hydrogen, also referred to as green hydrogen, to decarbonise the hard-to-abate sectors globally.... [Read More]
Oil and Gas News
Aug 14, 2023
Pipelines
The US is set to continue to lead global liquefied natural gas (LNG) liquefaction capacity additions, contributing 46% of the total LNG liquefaction capacity additions between 2023 and 2027, according to new data.
GlobalData’s latest report, “LNG Liquefaction Terminals Capacity and Capital Expenditure (CapEx) Forecast by Region, Key Countries, Companies and Projects... [Read More]
Oil and Gas News
Aug 14, 2023
Pipelines
INEOS has finalised a 50/50 joint venture with SINOPEC for the Tianjin Nangang Ethylene Project in China.
This was originally announced in December 2022.
SINOPEC is currently constructing the plant, which is expected to be on-stream by next April.
The petrochemical complex includes a 1.2 million tpy cracker, a new 500 000 tpy high-density polyethylene plant to produce... [Read More]
Oil and Gas News
Aug 11, 2023
Pipelines
Wood is working with National Gas to ensure Britain’s gas transmission system is secure and sustainable.
National Gas currently operates the entire GB gas transmission system and has appointed Wood to digitally upgrade 7,600 km of essential pipelines, compressor stations and terminal infrastructure as part of their commitment to energy transition.
Through a five-year... [Read More]
Oil and Gas News
Aug 11, 2023
Pipelines
Cummins and Chevron USA have announced a memorandum of understanding to work together in hydrogen, natural gas and other lower carbon fuel value chains.
The announcement expands the two companies’ previous strategic collaboration on hydrogen and renewable natural gas and is expected to encompass other liquid renewable fuels, such as renewable gasoline blends, biodiesel... [Read More]
Oil and Gas News
Aug 3, 2023
Other
Amarinth has been contracted by Wood to overhaul the three oil containment skid packages managed and operated by Oil Spill Response Limited.
Amarinth supplied ten API 610 OH1 pumps with Plan 53B Seal Support systems to the Subsea Well Response Project six years ago.
The equipment helps contain and quickly remove oil from the sea and offload it into tankers for removal... [Read More]
Oil and Gas News
Jul 28, 2023
Pipelines
bp and OMV have signed a long-term sale and purchase agreement (SPA) covering supply of up to 1 million tonnes of liquefied natural gas (LNG) per year for 10 years from 2026.
Under the terms of the agreement, bp will provide OMV with LNG from its diverse and global portfolio of LNG, which will be received and re-gasified through the Gate LNG terminal in Rotterdam, The... [Read More]
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