Oil and Gas News
Pumps
Marine pump specialist Svanehøj is experiencing a significant increase in orders for deepwell fuel pumps.
A large new order from Jiangsu New Yangzi Shipbuilding highlighted the significant LNG pump potential in the ocean-going vessel segments.
Orders for dual-fuel LNG vessels broke records in 2021 with a total of 240 ships globally.
The Danish marine pump specialist quadrupled sales of…
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Pipelines
Saudi Aramco is aiming to increase the amount it invests in energy production after it reported a doubling of profits in 2021.
The firm aims to boost output significantly over the next five years.
Energy prices have soared in recent months as demand has outstripped supplies of oil and gas.
The war in Ukraine and a reluctance to rely on Russia for energy has added to the pressure to find…
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Pipelines
Vietnam is seeking to build its third oil refinery to meet domestic consumption demand as the country is facing a supply shortage and soaring energy prices.
The plant, which is set to be located in the southern province of Vung Tau, has a design capacity of 10 MMm3 (3.5 MMtpy).
Vietnam's state oil firm PetroVietnam is drafting investment procedures, which it aims to complete by October,…
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Pipelines
US refiners Valero Energy Corp, Marathon Petroleum Corp and Shell are rushing to secure Ecuadorian barrels after America banned imports of Russian crude.
Ecuador’s state oil company EP Petroecuador held meetings with several refiners and trading houses, according to Petroecuador’s oil trading manager, Pablo Noboa, Bloomberg reported.
Fuelmakers and trading companies are seeking to plug a…
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Pipelines
RefiPampa has signed agreements with Elessent Clean Technologies (Elessent) for the license and basic engineering of a new IsoTherming diesel hydrotreating and dewaxing unit.
The grassroots hydrotreater will be installed at the RefiPampa facility in La Pampa, Argentina.
In order to comply with the latest fuel specifications in Argentina to meet Grade 3 diesel specifications by 2024, RefiPampa…
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Pipelines
Shell faces writedowns on $400 million (€365 million) in Russian downstream assets having announced $3 billion (€2.7 billion) worth of other projects previously.
The oil and gas major announced on February 28 that it would quit its ventures in Russia with Gazprom and related entities including the flagship Sakhalin 2 LNG plant and the Nord Stream 2 pipeline project.
"It is expected that…
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Pipelines
ABB has been awarded two major contracts by Plug Power to provide the electrical systems for two new hydrogen plants in North America.
This will allow the provider of turnkey solutions for the global green hydrogen economy to collectively produce 60 tons of green hydrogen per day.
The first plant, Project Gateway, in Genesee County, New York, will be North America’s largest green hydrogen…
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Pumps
Semcon is supporting Norwegian Hystar to develop their new electrolyser technology for the production of green hydrogen.
The aim is to produce up to 150% more hydrogen without using more energy than in conventional processes today.
The project is now being expanded and Semcon is providing more expertise in order to automate the production of electrolyser stacks, which convert electricity to…
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Pumps
HITA has selected global software and technology leader Emerson as a key technology provider in the discovery and development of geothermal energy sources in Northern Belgium.
Emerson’s geological and reservoir modeling software will help reduce risk in selecting locations for renewable geothermal energy projects for the deep geothermal energy company in Belgium, increasing the safety and…
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Pipelines
Vladimir Putin has threatened to close Russia’s pipeline pumping in almost half of Europe's gas if there is a boycott of Russian fossil fuels.
This has led to warnings this could push up oil prices over $300 (€273) per barrel.
The war in Ukraine has sent markets into a panic because the West is so reliant on Russia for its energy, which brings in at least £100 billion-a-year (€91…
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Pipelines
ACWA Power and the Saudi Power Procurement Company (SPPC) have a power purchase agreement (PPA) to develop the 700 MW power plant (IPP) in Saudi Arabia’s Al Qassim province.
Under the terms of the agreement, the developer, investor and operator of power generation, desalinated water and green hydrogen plants, will sell energy produced by the project to SPPC for a period of 25 years.
ACWA…
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Pipelines
The operator of the operational Nord Stream 1 undersea gas pipeline from Russia to Germany said that transportation of natural gas to Europe was continuing normally.
"Nord Stream AG is not involved in the Nord Stream 2 project and not engaged in the activities of Nord Stream 2 AG. Nord Stream AG is, therefore, not targeted by the sanctions against Nord Stream 2 AG neither by any other…
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Pipelines
Semcon is supporting Norwegian Hystar to develop their new electrolyser technology for the production of green hydrogen.
The aim is to produce up to 150% more hydrogen without using more energy than in conventional processes.
The project is now being expanded and Semcon is providing more expertise in order to automate the production of electrolyser stacks, which convert electricity to hydrogen…
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Pumps
MAN Energy Solutions will invest up to €500 million in its subsidiary H-TEC SYSTEMS to transform the hydrogen specialist into a mass-producer of polymer electrolyte membrane (PEM) electrolysers.
H-TEC SYSTEMS are already successful on the market with solutions for the electrolysis of hydrogen.
“Our plan is clear,” said Uwe Lauber, CEO of MAN Energy Solutions. “We are transforming H-TEC…
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Pipelines
Shell has announced its intention to exit its joint ventures with Gazprom.
This includes its 27.5% stake in the Sakhalin-II liquefied natural gas facility, its 50% stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.
“We are shocked by the loss of life in Ukraine, which we deplore, resulting…
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Pipelines
Chevron has made a new investment in Carbon Clean.
Carbon Clean’s technology is designed to reduce the costs and physical footprint required for carbon capture.
The company’s technology and fully modular construction also aims to reduce site disruption and facilitate faster permitting.
“We look forward to partnering with Carbon Clean to help advance Chevron’s pursuit of lower carbon…
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Pipelines
Russia has targeted fuel facilities in Ukraine as fighting in the country intensified.
Huge explosions have lit up the sky in the capital Kyiv and an oil depot near an airbase in Vasylkiv, near Kyiv, was targeted by Russian forces.
It has also been reported that Russian forces blew up a gas pipeline in Kharkiv, the country’s second-largest city.
President Vladimir Putin has pledged that…
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Pipelines
The bp board has announced that the oil and gas company will exit its shareholding in Rosneft.
bp has held a 19.75% shareholding in the Russian company since 2013.
Additionally, bp chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate effect.
The other Rosneft director nominated by bp, former bp group chief executive Bob Dudley, is similarly resigning…
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