Oil and Gas News

Feb 6, 2023
Pipelines
INEOS Inovyn and Statkraft have renewed their long-standing partnership in Norway by signing two new long-term power agreements to supply renewable energy for the Rafnes and Porsgrunn sites. The first agreement effectively replaces the site’s existing power contract, which will expire in May. It covers a capacity of 100 MW for an annual renewable energy production of 876 GWh each year.…
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Feb 2, 2023
Other
Shell has announced record annual profits after energy prices surged last year after Russia's invasion of Ukraine. Profits hit $39.9 billion (€35 billion) in 2022, which is the highest in its 115-year history. Energy firms have been making record profits after oil and gas prices jumped following the invasion of Ukraine. Oil and gas prices had begun to rise after the end of lockdowns, but…
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Feb 2, 2023
Other
KP Engineering (KPE), a leader in the design and execution of customised EPC solutions for the refining, syngas, hydrogen and renewable fuels industries, has announced the completed acquisition of its assets by The Shaw Group (Shaw), a leader in global pipe and module fabrication. This strategic acquisition will further enable Shaw to deliver complete engineering, procurement, and fabrication…
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Jan 31, 2023
Valves
Emerson is set to build a new manufacturing hub at the King Salman Energy Park (SPARK) in Saudi Arabia. The facility will be one of the largest investments in the Middle East and Africa region for the company. The plant, which is expected to open by December next year, will provide industrial customers in the region with services for control systems engineering, staging and testing,…
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Jan 30, 2023
Pipelines
TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The agreements were endorsed in Beirut on January 29, during a ceremony attended by Walid Fayad, the Minister of Energy and Water of Lebanon; Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and president and CEO of QatarEnergy; Patrick…
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Jan 30, 2023
Pumps
Wärtsilä will supply the engines for a large power plant to be installed in Latin America. The plant will provide baseload power to the grid, but the rapid start-up flexibility of the engines will enable it to take on a grid balancing role as the system’s share of renewable energy increases. The order, valued at more than €100 million, was placed by a major EPC contractor, and was…
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Jan 27, 2023
Pipelines
Australian electrolyser company Hysata has been selected as one of the successful grant recipients for the HyGATE Initiative to support pilot, trial and demonstration projects along the hydrogen supply chain. Paul Barrett, CEO of Hysata: “We are proud to have the backing of the Australian and German Governments as we rapidly scale-up our high efficiency electrolyser. “Hysata’s capillary…
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Jan 27, 2023
Pipelines
Technip Energies announced signing MoUs with PCL Industrial Management Inc. and Capital Engineering to work on energy transition markets in Canada. Under the agreement, Technip Energies services will include conceptual, front-end and detailed engineering, procurement, and technical capabilities with PCL. Technip Energies and Capital Engineering will work together to provide front-end…
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Jan 26, 2023
Pipelines
The floating production, storage and offloading (FPSO) vessel for the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project has started its journey towards the site, off the coasts of Mauritania and Senegal. The FPSO set sail on 20 January from Qidong, China, after successfully completing a series of sea trials following construction over the past three years. It will now…
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Jan 25, 2023
Pipelines
Mexican state oil company Pemex's newest refinery, which is still under construction in Mexico's south-east, will begin to process crude oil in July. The country’s Energy Minister Rocio Nahle said things were "going really well," noting the refinery would begin processing in July, a year after its official inauguration. The Olmeca refinery, the cornerstone of President Andres Manuel Lopez…
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Jan 25, 2023
Pipelines
The EU consumption of natural gas has dropped by 20.1% in the period August-November 2022, compared with the average gas consumption for the same months between 2017 and 2021. The Council Regulation (EU) 2022/1369 on coordinated demand-reduction measures for gas, part of the REPowerEU plan to end EU dependence on Russian fossil fuels, set a reduction target of 15% for the period August…
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Jan 24, 2023
Pipelines
Germany must accelerate a hydrogen law revision to allow for related investments in gas transport networks up to the end of the decade, said the head of the biggest gas pipeline operator Open Grid Europe (OGE). Gas carriers must prepare for the shift to renewables to complement Germany's plan to produce, import and market clean hydrogen, derived from carbon-free wind and solar power, as a future…
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Jan 23, 2023
Pipelines
Multiple oil pipeline outages across western Canada have disrupted petroleum flows to the US and global markets. Bloomberg reported that two of Canada's largest oil-sands upgrading facilities - Syncrude and Canadian Natural Resources’ Horizon - have dealt with disruptions, causing supply cuts to customers that prompted Enbridge to seek more crude for its Mainline system, which delivers to…
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Jan 20, 2023
Other
The United Nations Environment Programme (UNEP) will use data supplied by environmental intelligence company Kayrros for its International Methane Emissions Observatory initiative. This is designed to dramatically reduce the concentration of methane in the atmosphere.  UNEP IMEO, which was launched at the G20 Summit in 2021, is set to transform the conventional approach to methane reduction…
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Jan 20, 2023
Pipelines
Evides Industriewater has completed a feasibility study on the supply of demineralised water to large-scale green hydrogen projects. The study was undertaken using Evides’ existing water supply network at the port of Rotterdam. Water is the essential ingredient in green hydrogen production - the feedstock that is broken down via electrolysis into its constituent elements of hydrogen and…
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Jan 20, 2023
Pipelines
Germany plans to develop a 1,800 kilometre (1,118 miles) hydrogen energy pipeline network by 2027 according to an economy ministry draft strategy paper. The paper also envisages Germany fostering the use of blue hydrogen and importing it during a transition period towards green hydrogen, Reuters reported. Europe's largest economy wants to pivot towards cleaner energy sources and diversify its…
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Jan 19, 2023
Pipelines
Topsoe has been chosen by Mintal Hydrogen to provide technology for the first green ammonia plant in China. The plant is Topsoe’s first Power-to-X project in the country and includes its process licensing, engineering design package, proprietary equipment and catalysts. Dajun Yang, managing director China, Topsoe, said: “We are thrilled to be chosen for this amazing project by Mintal…
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Jan 18, 2023
Pipelines
BASF received the ExxonMobil technology qualification for its Durasorb™ Cryo-HRU technology following extensive discussions and technical evaluation. Durasorb Cryo-HRU is an LNG pre-treatment technology that removes both heavy hydrocarbons (HHCs, including C8+ and BTEX) and water from natural gas prior to entering the liquefaction section of the plant. Removal of HHCs and water in a single…
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