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Aramco has announced a major expansion of its industrial investment programme with the signing of 22 new Memoranda of Understandings (MoUs).
The agreements focuses on capacity building in four key sectors - sustainability, technology, industrial and energy services and advanced materials.
Aramco Namaat, which mean means collective growth in Arabic, aims to tap into the new opportunities…
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Pipelines
The American Petroleum Institute (API) has signed a Memorandum of Understanding (MoU) with the Guyana National Bureau of Standards (GNBS) to increase collaboration on safety guidelines and requirements for the country’s growing energy industry.
“We are pleased to partner with GNBS to advance safe and sustainable energy development in Guyana,” senior vice president of API’s global…
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Pipelines
The final section of the Nord Stream 2 gas pipeline has been put into place as the Baltic subsea link nears completion.
The $11 billion (€9 billion) pipeline will double Russian gas exporter Gazprom's capacity via the Baltic Sea, Reuters reported.
The Russian pipelaying vessel Fortuna welded the last of the double pipeline on to a stretch of the pipeline in German waters, the project's…
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Pipelines
Oil and gas refineries in and around Louisiana have restarted their operations following Hurricane Ida’s trail of destruction.
The state's largest utility, Entergy Corp, has restored power to about a quarter of affected customers.
Three crude oil refineries near Baton Rouge, Louisiana, have come onstream again since being idled by Hurricane Ida, the US Department of Energy revealed.
The…
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Pipelines
Canada is pushing to provide incentives for at least two new massive carbon capture projects by 2030 with nearly a dozen oil and gas companies already pursuing rights to store carbon dioxide in Alberta's vast underground caverns.
The hubs to collect carbon from clusters of emitters would advance Prime Minister Justin Trudeau's goal of cutting emissions by 40-45% from 2005 levels by 2030, Reuters…
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Pipelines
The Heat Networks Investment Project (HNIP) has awarded £24 million (€28 million) of funding to Energetik to support two major extensions of its community heat network across London.
The additional funding will increase the network’s reach and enable Energetik to supply very low carbon heat to over 50,000 homes, building on its previous forecast of 15,000 connections by 2026 and making this…
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Pipelines
PetroChina is planning a strategy to have oil, gas and green energies to each account for a third of its portfolio within the next 15 years.
The Chinese company revealed that it was shifting towards a lower carbon future.
For Asia's largest oil and gas producer, natural gas currently accounts for about 47% of total output while oil covers the rest.
"Our capital spending will increase…
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Pipelines
Colonial Pipeline said it would temporarily halt fuel deliveries to certain parts of the US due to Hurricane Ida.
The largest petroleum products pipeline in the US said it was ceasing deliveries from Houston, Texas, to Greensboro, North Carolina, due to ferocity of the hurricane.
With winds of up to 150 mph, the hurricane has forced up to 1 million people to evacuate their homes in the state of…
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Pipelines
The Nord Stream 2 gas pipeline is not exempt from EU competition rules, the Düsseldorf Higher Regional Court has ruled.
The court, which is responsible for energy industry law proceedings, rejected Nord Stream 2 AG’s complaint on 25 August. This means that the Nord Stream 2 gas connection pipeline is subject to German regulation by the Federal Network Agency. Whether, when, and under what…
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Pipelines
The American Petroleum Institute (API) has published its third Edition of Standard 1164, Pipeline Control Systems Cybersecurity, underscoring the natural gas and oil industry’s ongoing commitment to protecting critical infrastructure from cyber-attacks.
In development since 2017, the third edition is based on the National Institute of Standards and Technology Cybersecurity Framework and NERC…
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Pipelines
Zimbabwe has clinched a $1.3 billion (€1.1 billion) agreement with Coven Energy to develop a fuel pipeline from the Mozambique port city of Beira to its capital city, Harare.
Zimbabwe’s Minister of Information, Monica Mutsvangwa, said the pipeline would lessen the load of the existing one that also links Harare and Beira. The deal with the UK-based firm will also make landlocked Zimbabwe a…
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Pipelines
PennEast Pipeline said it still expected to complete the first phase of its $1.2 billion (€1 billion) natural gas pipe in Pennsylvania in 2022.
PennEast, which seeks to complete the pipeline's second phase from Pennsylvania into New Jersey in 2023, is just one of several long-delayed projects facing opposition from north-eastern states as the region transitions from fossil fuels to cleaner…
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Pipelines
Decom Engineering is expanding its operations with a new base near Aberdeen in Scotland which will improve access to key oil and gas companies.
The £200,000 (€235,000) investment will establish a test centre and office facility on the doorstep of Europe’s oil capital.
Established in 2011, the Northern Ireland-based engineering company has developed technologies which provide greener,…
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Pumps
Fulcrum has been awarded a new £4.9 million (€5.8 million) multi-utility infrastructure contract by a large investor developer.
A part of the contract, the group will design and install new water and gas infrastructure to energise and power the new development in the West Midlands.
The multi-utility infrastructure will be delivered by Fulcrum over 14 months and will serve the first phase of…
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Pipelines
The Saudi Arabian oil company Aramco announced a 288% increase in net income from the same quarter of last year to $25.5 billion (€21 billion) and declaring a dividend of $18.8 billion (€16 billion).
The company’s net income for the first half of the year was $47.2 billion (€40 billion), representing a 103% increase over the same period in 2020.
The results were primarily driven by…
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Pipelines
SSE has agreed to sell its entire 33.3% stake in its gas supply pipeline network operator Scotia Gas Networks Ltd (SGN) for £1.2 billion (€1.4 billion).
It will be sold to a consortium comprising the Ontario Teachers’ Pension Plan Board and Brookfield Super-Core Infrastructure Partners.
SSE initially acquired a 50% equity share in SGN in 2005 for a total of £505 million (€593 million),…
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Pipelines
HollyFrontier and Holly Energy Partners (HEP) has acquired Sinclair Oil Corporation and Sinclair Transportation Company in the US.
Under the terms of the HEP transaction, Holly will acquire Sinclair’s integrated crude and refined products pipelines and terminal assets, including approximately 1,200 miles of pipelines, eight product terminals and two crude terminals with 4.5 MMbbl of operated…
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Pipelines
Indian Oil Corp (IOC) said it was operating its refineries short of full capacity as diesel sales had not yet hit pre-pandemic levels.
The company, which said it was operating at 90% capacity, added it expected to increase refining to full capacity shortly as demand for fuel steadily increased.
Indian state fuel retailers’ petroleum sales exceeded pre-pandemic levels in the first fortnight of…
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