Oil and Gas News
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Aramco has reported a record $161 billion (€150 billion) profit for last year, the largest annual profit recorded by an oil and gas company.
The largely Saudi state-owned company’s profits rose by 46% year on year and it made more than the recent bumper results reported by Shell, BP, Exxon and Chevron combined.
“Aramco delivered record financial performance in 2022, as oil prices…
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Pipelines
ABB will provide front-end design services for automation, electrical and advanced digital solutions at Cerilon’s first gas-to-liquids (GTL) facility.
The site in North Dakota will produce up to 24,000 barrels (3.8 million litres) per day of high-performance synthetic energy products including ultra-low sulphur diesel (ULSD), naphtha and lubricant base oils from natural gas reserves.
The…
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Pumps
More than £14 million (€15.8 million) is being made available to accelerate the installation of heat pumps and heat networks across the UK as a new scheme launches to train thousands of installers.
Over £9.7 million (€11 million) will go towards four projects based across the country, from Bristol to Cambridgeshire - helping cut costs of these low carbon technologies, and reducing…
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Valves
Emerson announced that approval by Bureau Veritas Italia of its BM6X Series Slam-Shut valve for use in applications with up to 100% hydrogen and pressures up to 100 bar has been completed.
The certification was achieved as a result of the commitment of Emerson and Bureau Veritas Italia to ensure suitable products are available for use in new hydrogen infrastructure.
The certification granted…
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Pipelines
Spanish grid operator Enagas has purchased a 130km gas pipeline network from energy firm Reganosa.
The deal included selling the latter a 25% stake in its El Musel regasification plant in northern Spain, Reuters reported.
The acquisition of the pipeline network, which Enagas described as "key to ensuring security of supply and the proper functioning of the Iberian gas market", cost €54…
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Other
The European Investment Bank will strengthen support for green hydrogen investment in Kenya.
Thomas Östros, European investment bank vice-president and Professor Njuguna Ndung’u, Cabinet Secretary, National Treasury and Economic Planning signed the Joint Declaration on Renewable Clean Hydrogen followings discussions on green hydrogen investment with William Ruto, president of the Republic of…
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Pumps
Celeros Flow Technology brand ClydeUnion Pumps has secured an agreement with EDF which will see it provide dedicated pump maintenance and spares services across the customer’s entire network.
The multi-million euros contract cements the strategic lifecycle partnership between the two companies for a further 10 years.
The new agreement was formalised at a signing ceremony attended by senior…
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Pipelines
bp has launched a green hydrogen cluster plan at its Castellón refinery in Valencia, Spain.
Led by bp, this public-private collaborative initiative is intended to be based around the phased development of up to 2GW of electrolysis capacity by 2030 for producing green hydrogen at bp’s refinery.
HyVal is expected to play an instrumental role in decarbonising the operations of bp’s…
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Other
Evonik has started up a new hollow-fibre spinning plant for the production of gas separation membranes in Schörfling am Attersee in Austria.
The new production capacity enables the company to meet the ongoing strong demand for SEPURAN® membranes in biogas, nitrogen, hydrogen and natural gas applications.
Lauren Kjeldsen, head of the amart materials division, said: "The growth path of the…
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Pipelines
PETRONAS has signed two project development agreements with ExxonMobil Exploration and Production Malaysia to jointly pursue carbon capture and storage (CCS) activation projects in the country.
Under the agreements, both parties will define next steps, including the maturation of technical scopes for the CCS value chain, evaluation of the identified fields for CO2 storage utilisation,…
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Pipelines
Croatia will participate in a project to connect its natural gas network and LNG terminal on the northern Adriatic island of Krk to neighbouring Bosnia and Herzegovina, Euractiv reported.
The announcement is part of the Southern Gas Interconnection - a planned €100 million project to build a 180-kilometre cross-border pipeline connecting Croatia and Bosnia and Herzegovina to help alleviate…
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Pipelines
Tanzania's government has approved the construction of a $3.5 billion (€3.3 billion) crude oil pipeline.
The 1,443-kilometre (900-mile) pipeline will transport crude from vast oilfields being developed in Lake Albert in north-western Uganda to a Tanzanian port on the Indian Ocean for delivery to international markets.
Uganda's first oil is expected to flow in 2025 -- almost two decades after…
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Other
Shell Petroleum, a wholly owned subsidiary of Shell plc, has completed the acquisition of 100% of the shares of Nature Energy Biogas.
Shell has acquired the largest producer of renewable natural gas (RNG) in Europe, its portfolio of operating plants, associated feedstock supply and infrastructure, its pipeline of growth projects and its in-house expertise in the design, construction, and…
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Pipelines
Shell Offshore has announced that production has started at the Shell-operated Vito floating production facility in the US Gulf of Mexico.
With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform in the Gulf to employ a simplified, cost-efficient host design.
“Vito is an excellent example of how we are approaching our…
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Pipelines
Topsoe and ExxonMobil have signed an agreement under which Topsoe will deliver its industry leading hydrogen SynCOR™ technology.
This will be supplied to ExxonMobil’s planned low carbon hydrogen production facility in Baytown, Texas.
ExxonMobil’s low-carbon hydrogen, ammonia, and carbon capture facility is expected to generate up to 1 billion cubic feet of hydrogen per day, delivering…
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Pipelines
Neste's Engineering Solutions has completed the construction work of the 2.2 km long gas transmission pipeline.
This runs from the port of the liquefied natural gas (LNG) floating terminal vessel in Inkoo Finland deep harbour area to answer the needs of our long-term partner Gasgrid Finland. Gasgrid Finland has implemented the floating storage and regasification unit (FSRU) project to secure the…
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Pipelines
Hungary plans to cooperate with Croatia to increase the capacity of the Adriatic pipeline that brings non-Russian crude to the country, Reuters reported.
Hungary’s chief of staff Gergely Gulyas said the government had discussed its 2030 energy strategy and this would include enabling Hungarian oil and gas group MOL's Danube refinery to process more non-Russian crude.
Landlocked Hungary in…
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Pipelines
TotalEnergies has announced the start-up of the Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG).
This project will consolidate TotalEnergies' position as the world's third largest LNG player and Europe's leading regasification player.
Located on the Baltic Sea coast in northeast Germany, the Port of Lubmin took delivery of the country's first floating import terminal for…
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