Oil and Gas News
Pipelines
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 to the Kingdom.
Nick…
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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” that “could…
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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 progresses.
Access to…
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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, enhanced safety and…
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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 of transporting at least…
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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 oil demand to average…
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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 oil and gas team for their…
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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 of API’s global…
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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 waters, the project's…
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Pipelines
Oil and gas refineries in and around Louisiana have restarted their operations following Hurricane Ida’s trail of destruction.
The state's largest utility, Entergy Corp, has restored power to about a quarter of affected customers.
Three crude oil refineries near Baton Rouge, Louisiana, have come onstream again since being idled by Hurricane Ida, the US Department of Energy revealed.
The…
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Pipelines
Canada is pushing to provide incentives for at least two new massive carbon capture projects by 2030 with nearly a dozen oil and gas companies already pursuing rights to store carbon dioxide in Alberta's vast underground caverns.
The hubs to collect carbon from clusters of emitters would advance Prime Minister Justin Trudeau's goal of cutting emissions by 40-45% from 2005 levels by 2030, Reuters…
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Pipelines
The Heat Networks Investment Project (HNIP) has awarded £24 million (€28 million) of funding to Energetik to support two major extensions of its community heat network across London.
The additional funding will increase the network’s reach and enable Energetik to supply very low carbon heat to over 50,000 homes, building on its previous forecast of 15,000 connections by 2026 and making this…
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Pipelines
PetroChina is planning a strategy to have oil, gas and green energies to each account for a third of its portfolio within the next 15 years.
The Chinese company revealed that it was shifting towards a lower carbon future.
For Asia's largest oil and gas producer, natural gas currently accounts for about 47% of total output while oil covers the rest.
"Our capital spending will increase…
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Pipelines
Colonial Pipeline said it would temporarily halt fuel deliveries to certain parts of the US due to Hurricane Ida.
The largest petroleum products pipeline in the US said it was ceasing deliveries from Houston, Texas, to Greensboro, North Carolina, due to ferocity of the hurricane.
With winds of up to 150 mph, the hurricane has forced up to 1 million people to evacuate their homes in the state of…
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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, when, and under what…
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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 Framework and NERC…
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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 make landlocked Zimbabwe a…
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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 fossil fuels to cleaner…
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