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Decom Engineering is expanding its operations with a new base near Aberdeen in Scotland which will improve access to key oil and gas companies.
The £200,000 (€235,000) investment will establish a test centre and office facility on the doorstep of Europe’s oil capital.
Established in 2011, the Northern Ireland-based engineering company has developed technologies which provide greener,…
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Pipelines
The Saudi Arabian oil company Aramco announced a 288% increase in net income from the same quarter of last year to $25.5 billion (€21 billion) and declaring a dividend of $18.8 billion (€16 billion).
The company’s net income for the first half of the year was $47.2 billion (€40 billion), representing a 103% increase over the same period in 2020.
The results were primarily driven by…
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Pipelines
SSE has agreed to sell its entire 33.3% stake in its gas supply pipeline network operator Scotia Gas Networks Ltd (SGN) for £1.2 billion (€1.4 billion).
It will be sold to a consortium comprising the Ontario Teachers’ Pension Plan Board and Brookfield Super-Core Infrastructure Partners.
SSE initially acquired a 50% equity share in SGN in 2005 for a total of £505 million (€593 million),…
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Pipelines
HollyFrontier and Holly Energy Partners (HEP) has acquired Sinclair Oil Corporation and Sinclair Transportation Company in the US.
Under the terms of the HEP transaction, Holly will acquire Sinclair’s integrated crude and refined products pipelines and terminal assets, including approximately 1,200 miles of pipelines, eight product terminals and two crude terminals with 4.5 MMbbl of operated…
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Pipelines
Indian Oil Corp (IOC) said it was operating its refineries short of full capacity as diesel sales had not yet hit pre-pandemic levels.
The company, which said it was operating at 90% capacity, added it expected to increase refining to full capacity shortly as demand for fuel steadily increased.
Indian state fuel retailers’ petroleum sales exceeded pre-pandemic levels in the first fortnight of…
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Pipelines
The US says it has reached a deal with Germany to prevent Russia from using its Nord Stream 2 gas pipeline as political leverage over Europe.
The nearly completed 1,230km (764 miles) pipeline under the Baltic Sea will double Russian gas exports to Germany, Reuters reported.
US official Victoria Nuland said it was "a bad pipeline". Ukraine says the Nord Stream 2 pipeline threatens its…
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Pipelines
The controversial Nord Stream 2 undersea gas pipeline from Russia to Germany is 99% complete, the pipeline operator has revealed.
This follows the news that the pipelay vessel Akademik Cherskiy finished its initially planned workload.
The $11 billion (9.25 billion) Nord Stream 2, designed to bypass Russia’s political foe Ukraine and double the capacity of the existing Nord Stream pipeline to…
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Pipelines
A new gas distribution test grid (microgrid) is being used to understand any changes to operational procedures needed for the gas network to transport up to 100% hydrogen in the future.
The microgrid has been purpose-built by DNV and led by Northern Gas Networks (NGN) as part of the H21 project and is located at DNV’s test and research facility at Spadeadam in Cumbria.
The facility…
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Pipelines
Iran has opened its first oil terminal in the Gulf of Oman to allow Iranian tankers to avoid using the Strait of Hormuz.
"This is a strategic move and an important step for Iran. It will secure the continuation of our oil exports," President Rouhani said in a televised speech. "This new crude export terminal shows the failure of Washington's sanctions on Iran."
Rouhani said Iran aimed to export…
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Pipelines
Linde has announced it has started up its fifth liquid hydrogen plant in the US with plants in California, Alabama, Indiana and New York.
The new plant in La Porte, Texas, will supply over 30 tons per day of high-purity liquid hydrogen to meet growing demand from Linde's customers.
The liquefier takes hydrogen from Linde's approximately 600-kilometer US Gulf Coast pipeline, which has over 15…
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Pipelines
California regulators have directed two of the state's largest oil refineries to cut their air pollution that will require modifications at the plants.
This means Chevron Corp's Richmond plant and PBF Energy Inc's Martinez refinery, will have to install wet gas scrubbers to reduce pollution from their fluid catalytic cracking units (FCCU) within five years.
The new requirement is expected to…
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Pipelines
Shell and BP South African Petroleum Refineries (SAPREF) is preparing to start-up after a temporary shutdown.
South Africa's largest crude oil refinery will begin restarting, after temporarily shutting down as a wave of violent looting swept across the country, the operators said in a statement.
The refinery, situated in the east coast port city of Durban, shut down last week due to violence…
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Pipelines
Saudi Arabia and the United Arab Emirates have reached a compromise over OPEC+ policy in a move that should unlock a deal to supply more crude to a tight oil market and cool soaring prices.
Brent oil prices fell on the news by as much as $1 per barrel towards $75 per barrel after Reuters reported the two major OPEC producers had agreed a deal.
In a statement on Wednesday, the UAE energy…
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Pipelines
Cadent, the UK's largest gas distribution company, has released a Green Print - Future Heat for Everyone blueprint drawing together technical, consumer and economic considerations to create a pioneering plan to transition 22 million homes to low carbon heat by 2050.
It underlines the scale of the challenge ahead, acknowledging that a mosaic of low carbon heating solutions will be required to…
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Pipelines
Iran is set to start loading crude oil at the Jask oil terminal on the Gulf Oman adding its first export terminal outside the strategic Strait of Hormuz leading to the Persian Gulf.
ABout 100,000 mt of heavy crude oil could be loaded, Vahid Maleki, director of the Jask Oil Terminal, told the state-run IRNA news agency on July 17.
Iran's outgoing President Hassan Rouhani has vowed to make the…
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Pipelines
The technology group Wärtsilä will supply six flexible power plants operating on natural gas, with a total combined output of 380 MW to different locations in Italy.
The framework agreement contract was placed by Metaenergiaproduzione, a member of the Italian Metaenergia Group, with the order for two plants being booked prior to 2020, and the remaining four in Q4 2020. Execution of the…
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Pipelines
A specialist engineering company has invested more than £700,000 (€815,000) to develop tools which provide greener, faster and safer solutions for decommissioning in the energy sector.
Decom Engineering’s latest R&D investment has updated their Pipe Coating Removal (PCR) equipment, which cleans decommissioned or surplus pipelines of multiple coatings, so they can be repurposed for use on…
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Pipelines
Construction company Denys is to design and lay the Porthos onshore pipeline.
Denys was awarded the contract following an intensive European tendering process lasting more than a year.
Porthos will transport CO2 from the Rotterdam port area and store it in empty gas fields under the North Sea. Denys will take care of the detailed design and construction of what will be approximately 30 km of…
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