Mar 22, 2022
Aramco to increase energy production investment
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]
Oil and Gas News
Mar 14, 2022
Pipelines
ABB has been awarded two major contracts by Plug Power to provide the electrical systems for two new hydrogen plants in North America.
This will allow the provider of turnkey solutions for the global green hydrogen economy to collectively produce 60 tons of green hydrogen per day.
The first plant, Project Gateway, in Genesee County, New York, will be North America’s... [Read More]
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]
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