Apr 19, 2022
Oil stock release lowers risk of sharp supply deficit
Oil and Gas News
Apr 14, 2022
Pipelines
Uniper has signed an agreement with Shell to progress plans to produce blue hydrogen at Uniper’s Killingholme power station site in the east of England.
The hydrogen produced could be used to decarbonise industry, transport and power throughout the Humber region.
The Humber Hub Blue Project includes plans for a blue hydrogen production facility with a capacity of... [Read More]
Oil and Gas News
Apr 13, 2022
Pipelines
Aramco is expanding its global downstream presence with investments in Poland’s refining, wholesale and jet fuel marketing segments.
The Saudi Arabian oil company, the world’s largest integrated energy and chemicals firm, has agreed to acquire equity stakes of 30% in a 210,000 bpd refinery in Gdansk; 100% in an associated wholesale business; and 50% in a jet fuel... [Read More]
Oil and Gas News
Apr 12, 2022
Pipelines
A total of 150 companies have called on Commission President von der Leyen to prepare a European strategy for geothermal energy.
With the right policies in place, geothermal could meet half of the EU’s heating and cooling demand by 2030 as well as providing balancing services for intermittent renewables and vast stores of lithium and other raw materials needed to accelerate... [Read More]
Oil and Gas News
Apr 8, 2022
Pipelines
Wood has secured a three-year contract with Norwegian state-owned operator Gassco to secure transportation of gas from the Norwegian Continental Shelf to terminals across the UK and Europe.
The contract will see Wood work closely with Gassco to renovate the gas receiving facilities through the provision of engineering, procurement and construction management services... [Read More]
Oil and Gas News
Apr 8, 2022
Pipelines
Indonesia's state energy firm PT Pertamina has signed a joint study agreement with Japan's Mitsui for commercialisation of carbon capture in the central Sumatra region.
The two companies will also explore the possibility of a long-term partnership in decarbonisation and transitioning into clean technology, Pertamina said in a statement.
Carbon capture development is... [Read More]
Oil and Gas News
Apr 7, 2022
Pipelines
Cadent is investing £70 million (€83 million) in upgrading gas mains across north England.
The energy firm is upgrading 450 km of pipes across Barrow, South Lakeland and Copeland in a bid to modernise the underground gas network.
In Barrow, 7,832 metres of pipe are set to be upgraded in 2022/23, as well as 2,645 in South Lakeland and 2,291 in Copeland.
Every year,... [Read More]
Oil and Gas News
Apr 6, 2022
Pipelines
Wood has unveiled its new steam methane reforming (SMR) technology, which can achieve 95% CO2 emissions reduction compared to a traditional hydrogen production plant.
The technology aims to counter inefficiencies in energy, heat production and industrial processes, which together account for more than half of all global greenhouse gas emissions.
Wood believes the pathway... [Read More]
Oil and Gas News
Apr 6, 2022
Pipelines
Renewable fuels firm Aemetis announced the acquisition of an 8.5-acre property for $2 million (€1.8 million) located near its renewable ethanol plant.
The corner property is a strategic location for operations supporting the company’s Carbon Zero projects, including diary renewable natural gas (RNG) and carbon capture and sequestration (CCS).
Sited adjacent to the... [Read More]
Oil and Gas News
Mar 31, 2022
Pipelines
A new 240 MW thermal power plant has been commissioned while a new 220 MW piston gas power plant is under construction in Uzbekistan.
The power plant has been built by the Turkish company Cengiz Enerji and is in the Kibray district of the Tashkent region.
The construction of a separate gas piston power plant, also by Cengiz Enerji, with 220 MW capacity is located in... [Read More]
Oil and Gas News
Mar 30, 2022
Pipelines
Shell has announced the start of production at PowerNap with an estimated peak production of 20,000 barrels of oil equivalent per day (boe/d).
PowerNap, a subsea development in the US Gulf of Mexico, is a tie-back to the Shell-operated Olympus production hub in the prolific Mars Corridor.
“Shell has been producing in the Mars Corridor for more than 25 years, and we... [Read More]
Oil and Gas News
Mar 24, 2022
Pipelines
Oil and gas giant Shell is reconsidering its recent decision to pull investment from a large new UK oil field.
In December, Shell said the economic case - along with possible regulatory delays - meant it was withdrawing from the Cambo oil field, which is located 75 miles off the west coast of Shetland, the BBC reported.
At the time the price of crude oil was under $70... [Read More]
Oil and Gas News
Mar 23, 2022
Pipelines
Centrica in the UK is set to support National Grid to establish methods for injecting green hydrogen into the National Transmission System (NTS).
To meet the net zero targets set by the UK government, the UK gas networks need to decarbonise. National Grid, alongside CNG Services, Element Energy and Centrica, have been granted £114,652 (€137,922) for a discovery phase... [Read More]
Oil and Gas News
Mar 22, 2022
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... [Read More]
Oil and Gas News
Mar 18, 2022
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... [Read More]
Oil and Gas News
Mar 18, 2022
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... [Read More]
Oil and Gas News
Mar 16, 2022
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... [Read More]
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