Oil and Gas News
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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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Valves
Finland-based Flowrox has sold its valve and pump businesses to Neles - a listed Finnish manufacturer of industrial valves.
Flowrox’s industrial automation, environmental technologies and filter business are excluded from the acquisition and will continue under a new, later to be announced name and brand.
“In recent years, Flowrox's operations have expanded in many areas through product…
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Pipelines
The controversial Nord Stream 2 undersea gas pipeline from Russia to Germany is 99% complete, the pipeline operator has revealed.
This follows the news that the pipelay vessel Akademik Cherskiy finished its initially planned workload.
The $11 billion (9.25 billion) Nord Stream 2, designed to bypass Russia’s political foe Ukraine and double the capacity of the existing Nord Stream pipeline to…
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Pumps
Hydrogen fuel company Element 2 is planning to install up to 300 pumps in Aberdeenshire over the next decade.
The firm will invest up to £2 million (€2.3 million) in a two-acre site in Bridge of Don, Scotland, that will support up to six pumps capable of dispensing up to three tonnes of hydrogen fuel per day.
Element 2, based in North Yorkshire, has plans to invest £1 billion (€1.12…
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Pipelines
A new gas distribution test grid (microgrid) is being used to understand any changes to operational procedures needed for the gas network to transport up to 100% hydrogen in the future.
The microgrid has been purpose-built by DNV and led by Northern Gas Networks (NGN) as part of the H21 project and is located at DNV’s test and research facility at Spadeadam in Cumbria.
The facility…
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Pipelines
Iran has opened its first oil terminal in the Gulf of Oman to allow Iranian tankers to avoid using the Strait of Hormuz.
"This is a strategic move and an important step for Iran. It will secure the continuation of our oil exports," President Rouhani said in a televised speech. "This new crude export terminal shows the failure of Washington's sanctions on Iran."
Rouhani said Iran aimed to export…
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Other
An explosion at a chemical park on July 27 shook the western German city of Leverkusen injuring several employees and sending a large black cloud rising into the sky.
The explosion happened at around 9.40am on Tuesday in a part of the site where waste is incinerated, a statement from the operators of the Chempark site said.
It has been reported several employees were injured in the blast, at…
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Pipelines
Linde has announced it has started up its fifth liquid hydrogen plant in the US with plants in California, Alabama, Indiana and New York.
The new plant in La Porte, Texas, will supply over 30 tons per day of high-purity liquid hydrogen to meet growing demand from Linde's customers.
The liquefier takes hydrogen from Linde's approximately 600-kilometer US Gulf Coast pipeline, which has over 15…
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Valves
Rotork has been selected as the sole provider of intelligent electric actuators for one of the largest development projects in the Norwegian continental shelf, Johan Sverdrup.
Energy company Equinor ordered in excess of 700 of Rotork’s IQ multi and part-turn actuators for the Johan Sverdrup oil field in the North Sea, which is located approximately 150 km away from the coast of…
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Pipelines
The US says it has reached a deal with Germany to prevent Russia from using its Nord Stream 2 gas pipeline as political leverage over Europe.
The nearly completed 1,230km (764 miles) pipeline under the Baltic Sea will double Russian gas exports to Germany, Reuters reported.
US official Victoria Nuland said it was "a bad pipeline". Ukraine says the Nord Stream 2 pipeline threatens its…
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Other
Oil Refineries, Israel’s largest refining and petrochemicals group, plans to invest $1.5 billion (€1.27 billion) to become a cleaner energy company.
Israel has proposed shutting a major industrial zone in the coastal city of Haifa that health officials say has been hazardous for years and turning it into an eco-friendly commercial hub.
Oil Refineries said it will focus on green hydrogen and…
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Pipelines
California regulators have directed two of the state's largest oil refineries to cut their air pollution that will require modifications at the plants.
This means Chevron Corp's Richmond plant and PBF Energy Inc's Martinez refinery, will have to install wet gas scrubbers to reduce pollution from their fluid catalytic cracking units (FCCU) within five years.
The new requirement is expected to…
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