Mar 14, 2022
Two plants set to produce 60 tons of green hydrogen daily
Oil and Gas News
Mar 14, 2022
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... [Read More]
Oil and Gas News
Mar 9, 2022
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... [Read More]
Oil and Gas News
Mar 8, 2022
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... [Read More]
Oil and Gas News
Mar 7, 2022
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... [Read More]
Oil and Gas News
Mar 7, 2022
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... [Read More]
Oil and Gas News
Mar 1, 2022
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... [Read More]
Oil and Gas News
Feb 28, 2022
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,... [Read More]
Oil and Gas News
Feb 28, 2022
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... [Read More]
Oil and Gas News
Feb 28, 2022
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... [Read More]
Oil and Gas News
Feb 25, 2022
Pipelines
Worley, ABB and IBM have signed a memorandum of understanding to collaborate on helping energy companies build and operate green hydrogen facilities more efficiently and at scale.
The planned collaboration aims to develop an integrated, digitally enabled solution for facility owners to build green hydrogen assets more quickly, cheaply, and safely, and operate them more... [Read More]
Oil and Gas News
Feb 23, 2022
Pipelines
Nord Stream 2 halted as Ukraine crisis deepens and war looms
The controversial Nord Stream 2 pipeline project has been halted after Russia’s incursion into Ukraine.
The undersea pipeline, which was to transport natural gas directly from Russia to northern Germany, is owned by a subsidiary of Russia’s state-owned Gazprom.
In a statement the German government said:... [Read More]
Oil and Gas News
Feb 23, 2022
Pipelines
Oil giant Saudi Aramco is in talks with partners in China about further investments in the country, according to CEO Amin Nasser.
The company aims to allocate more capital for investments, including to boost maximum sustained capacity and gas supply.
"China is an important part of Aramco's base," Nasser said.
"We are currently in discussions with a number of our partners... [Read More]
Oil and Gas News
Feb 21, 2022
Pipelines
EnerMech has secured over $100 million (€88 million) of pre-commissioning and new pipeline contract awards.
This follows a $30 million (€26 million) equipment investment programme across the Scotland-based firm’s global locations to support its continued growth in these sectors.
This targeted investment represents a significant expansion to its specialist equipment... [Read More]
Oil and Gas News
Feb 21, 2022
Pipelines
The global trade in liquefied natural gas (LNG) increased 6% to 380 million tonnes during 2021 as many countries rebounded from the economic impact of the Covid pandemic, according to Shell’s latest annual LNG Outlook published.
Rising LNG demand, combined with supply constraints, caused gas and LNG prices to remain volatile throughout the year.
Prices reached record... [Read More]
Oil and Gas News
Feb 17, 2022
Pipelines
Linde has signed an agreement to supply high-purity industrial gases to a leading semiconductor manufacturer in Singapore.
Linde will build, own and operate a state-of-the-art SPECTRA generator to produce ultra-high-purity nitrogen and oxygen for the customer's new multi-billion-dollar semiconductor fabrication plant.
The new SPECTRA plant is expected to start up in... [Read More]
Oil and Gas News
Feb 14, 2022
Pipelines
Phillips 66 and H2 Energy Europe have announced their commitment to develop up to 250 retail hydrogen refuelling stations across Germany, Austria and Denmark by 2026.
Phillips 66 has a strong retail presence with more than 1,000 JET®-branded stations in Europe and a growing hydrogen refuelling network in Switzerland through its participation in the Coop Mineraloel AG... [Read More]
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