Oct 12, 2021
Valmet to deliver district heating automation to Energie
Oil and Gas News
Oct 11, 2021
Pipelines
Crews at the second-largest US refinery have been busy containing crude oil leaking from a giant storage tank at a Houston area facility.
No injuries were reported as crude oil was being contained with an earthen berm at the 593,000 barrel-per-day (bpd) Marathon Petroleum Corp Galveston Bay Refinery in Texas City, Texas.
"The clean up is underway, and regulatory notifications... [Read More]
Oil and Gas News
Oct 6, 2021
Pipelines
Essar Oil UK has reached an agreement with HM Revenue & Customs (HMRC) over an unpaid tax bill.
Essar and HMRC have agreed a phased payment schedule, aligned with the oil company’s revenues.
The firm said it was confident of resolving the matter after having successfully raised US$$1.1 billion (€1 billion) earlier in the year.
Throughout the pandemic, including... [Read More]
Oil and Gas News
Oct 5, 2021
Pipelines
As the global natural gas crunch hits suppliers and consumers Organisation of Petroleum Exporting Countries(OPEC) nations are warning of the knock-on impact for oil markets.
Iraq expects higher demand for crude as the shortfall of gas forces consumers to look for alternative fuels, Oil Minister Ihsan Abdul Jabbar said on Wednesday.
The head of Nigeria’s state oil... [Read More]
Oil and Gas News
Oct 5, 2021
Pipelines
Enbridge’s Line 3 oil pipeline is set to start transporting oil, the Canadian energy company announced.
The news follows more than six years of permitting, review and litigation, and nearly a year of construction to complete the 337-mile route through northern Minnesota in the US.
The news has disappointed opponents of the pipeline, many of whom have spent years fighting... [Read More]
Oil and Gas News
Oct 1, 2021
Pipelines
Blind flanges on pipelines around the globe could be costing millions in unnecessary downtime, according to flow control experts at Celeros Flow Technology.
The cumulative downtime caused by blind flanges could be causing inefficiencies and driving up costs in industries as disparate as oil and gas exploration, chemical processing, water treatment and power generation.... [Read More]
Oil and Gas News
Sep 29, 2021
Pipelines
Aramco, Air Products, ACWA Power and Air Products Qudra have announced a $12 billion (€10.2 billion) air separation unit (ASU)/gasification/power joint venture (JV) project in Jazan Economic City.
Aramco via its subsidiary Saudi Aramco Power Company (SAPCO) has a 20% share in the venture; Air Products 46%; ACWA Power 25%; and Air Products Qudra 9%.
The venture is purchasing... [Read More]
Oil and Gas News
Sep 23, 2021
Pipelines
The steep rise in European gas prices has been driven by a combination of a strong recovery in demand and tighter-than-expected supply, as well as several weather-related factors, the International Energy Agency (IEA) revealed.
However, the IEA said it was ‘misleading’ to blame the renewable fuels and clean energy for the price hike.
There were strong cold spells... [Read More]
Oil and Gas News
Sep 23, 2021
Pipelines
Petrofac has been awarded a new multi-million dollar contract by Tatweer Petroleum to support their gas distribution network project in Bahrain.
The engineering, procurement, construction, and commissioning (EPCC) scope of work includes high pressure gas pipelines and fibre optic cabling. The underground pipelines will run through sections onshore in support of gas supply... [Read More]
Oil and Gas News
Sep 21, 2021
Pipelines
The American Petroleum Institute (API) and 130 energy and manufacturing firms across the natural gas and oil supply chain are opposing legislation that would place a fee on methane.
The group recently sent a letter to the US Senate Committee on Environment and Public Works to voice their concerns.
The organisations, led by API, explain that the proposal is a “pay-for”... [Read More]
Oil and Gas News
Sep 17, 2021
Pipelines
bp, ADNOC and Masdar have signed three agreements with the potential to lead to billions of dollars of investment into clean and low carbon energy - creating potentially thousands of energy jobs.
The first agreement will see the companies collaborate to initially develop 2GW of low carbon hydrogen across hubs in the UK and UAE, with the intention to expand as the project... [Read More]
Oil and Gas News
Sep 13, 2021
Pipelines
Trelleborg will showcase its portfolio of LNG transfer technology at this year’s Gastech in Dubai on 21 – 23 September.
Trelleborg, which works in gas transfer sector, will highlight to delegates and visitors how it is transitioning to cleaner energy.
Trelleborg’s portfolio is designed to optimise loading and unloading operations delivering improved productivity,... [Read More]
Oil and Gas News
Sep 13, 2021
Pipelines
Greece's Hellenic Gas Transmission System Operator (DESFA) and North Macedonia's NER JSC Skopje have signed a cooperation agreement for the development and construction of an interconnected natural gas pipeline.
The new pipeline between the two countries was agreed at the 5th Southeast Europe Energy Forum held in Thessaloniki.
The 123-kilometer pipeline will be capable... [Read More]
Oil and Gas News
Sep 13, 2021
Pipelines
OPEC has cut its world oil demand forecast for the last quarter of 2021 due to concerns about the Delta coronavirus variant.
The oil producers’ organisation said that a further recovery would be partially delayed until next year when consumption will exceed pre-pandemic rates.
The Organisation of the Petroleum Exporting Countries revealed in its monthly report it expects... [Read More]
Oil and Gas News
Sep 10, 2021
Pipelines
The Weir Group has completed the sale of its oil and gas division to Caterpillar Inc.
The sale, for an enterprise value of $405 million (€342 million), subject to customary working capital and debt-like adjustments, was first announced at the end of last year and has since been approved by shareholders.
Weir Group CEO Jon Stanton said: “I would like to thank the... [Read More]
Oil and Gas News
Sep 8, 2021
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... [Read More]
Oil and Gas News
Sep 7, 2021
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... [Read More]
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