Aug 31, 2021
Hurricane Ida hits US pipeline supplies and disrupts operations
Oil and Gas News
Aug 26, 2021
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,... [Read More]
Oil and Gas News
Aug 25, 2021
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... [Read More]
Oil and Gas News
Aug 17, 2021
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... [Read More]
Oil and Gas News
Aug 16, 2021
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... [Read More]
Oil and Gas News
Aug 12, 2021
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... [Read More]
Oil and Gas News
Aug 10, 2021
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... [Read More]
Oil and Gas News
Aug 9, 2021
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... [Read More]
Oil and Gas News
Aug 5, 2021
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... [Read More]
Oil and Gas News
Aug 4, 2021
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... [Read More]
Oil and Gas News
Aug 3, 2021
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... [Read More]
Oil and Gas News
Jul 30, 2021
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... [Read More]
Oil and Gas News
Jul 30, 2021
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... [Read More]
Oil and Gas News
Jul 30, 2021
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... [Read More]
Oil and Gas News
Jul 30, 2021
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... [Read More]
Oil and Gas News
Jul 29, 2021
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.... [Read More]
Oil and Gas News
Jul 28, 2021
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... [Read More]
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