Business News
Industry Group Says Biden’s Infrastructure Plan Misses Opportunity for Pipelines
U.S. President Joe Biden plans to pay for his $2 trillion infrastructure plan with higher corporate taxes, which is facing criticism from Republicans and industry support groups including the American Petroleum Institute who say it will kill jobs.
Russia's Transneft Posts 26% Fall in 2020 Net Profit
Russian oil pipeline monopoly Transneft's net profit fell by 26% last year to 133.2 billion roubles ($1.8 billion) as lower volumes of oil were transported amid global production cuts and the COVID-19 pandemic.
Annova Cancels Texas LNG Export Facility Project
Annova LNG announced the immediate cancellation of its liquified natural gas (LNG) export facility under development in Brownsville, Texas, due to changes in the global LNG market.
INEOS Energy to Sell Norwegian Oil and Gas Business to PGNiG for $615 million
INEOS Energy has agreed to sell its Norwegian oil and gas business to Poland's PGNiG Upstream Norway AS for $615 million.
Oil Companies Launch On-site Vaccinations as Supplies Rise
U.S. energy companies are organizing employee vaccinations as more COVID-19 doses become available, officials and employees told Reuters, setting up on-site clinics or offering time off to workers to get the shot.
Saudi Aramco Sends Request for Pipeline Deal Financing
Saudi Aramco has sent a request for proposals to banks for financing it wants to offer to investors looking to lease its pipelines, three sources said, a sign the oil giant is progressing with plans to extract value from its assets.
Top U.S. Gas Utility Sets Net Zero Emissions Goal for 2045
Southern California Gas Co, the largest U.S. gas distribution utility, set a target to achieve net zero greenhouse gas emissions by 2045, aligning with the state's target to become carbon-neutral within 25 years.
Lucid Energy Commissions Cryogenic Processing Plant in the Delaware Basin
The Red Hills V plant has the capacity to process 230 million cubic feet of natural gas per day (MMcf/d) and brings the total capacity of Lucid’s natural gas processing franchise in the northern Delaware Basin to 1.2 billion cubic feet per day.
Baker Hughes Flexible Pipe Technology Should Overcome Challenges of Pre-Salt Subsea Developments
Baker Hughes reached a significant technology milestone in pioneering a solution to overcome flexible pipe stress corrosion cracking (SCC) tendencies in high CO2 content fields, such as those found in Brazil’s pre-salt offshore developments.
Friedrich Vorwerk’s Energy Expertise Could Attract Investors
German energy infrastructure company Friedrich Vorwerk is guiding investors to expect its initial public offering (IPO) to price at 45-48 euros ($53.55-$57.12) per share, one of the bookrunners organizing the deal said on Monday.
Peak Utility Services Acquires Superior Pipeline Services
Peak Utility Services Group announced the acquisition of Superior Pipeline Services (SPS), a leading natural gas utility services contractor in Texas.
Ameren Modernizing Natural Gas Pipelines in Illinois
Crews will replace vintage steel transmission pipeline from the 1950s around Belleville with new, 16-inch steel pipeline.
Early Registration Open for 23rd World Petroleum Congress
Early bird registration for the 23rd World Petroleum Congress is now open and available through April 30th.
Thai Energy Firm PTTEP Expanding Midstream Investments
Thai oil and gas giant PTT Exploration and Production Pcl on Tuesday said it plans to expand midstream investments to have new businesses account for 20% of its profits by 2030, with a focus on gas-to-power.
Advanced Data Management Easier with Data Cloud Service
Konica Minolta’s solution to the oil & gas industry is not just limited to the Optical Gas Imaging Camera System GMP01, but it also includes our data cloud service, Inspection Data Manager.
New Generation Optical Gas Imaging Camera System Ensures Safety
Konica Minolta is pleased to introduce the results of a recent collaboration and study conducted mutually with oil & gas operators utilizing our optical gas imaging (OGI) camera system.
KKR Seeks $12 billion for Flagship Infrastructure Fund
Buyout firm KKR & Co Inc is seeking to raise $12 billion for its flagship global fund that will invest in infrastructure assets such as oil and gas pipelines and renewable energy projects.
Kinder Morgan Forms Energy Transition Ventures Group
Pipeline company Kinder Morgan said on Friday it had formed a new Energy Transition Ventures group to focus on low-carbon energy initiatives.
GateHouse Maritime to Monitor Gas Pipeline in the Baltic Sea
Poland’s GAZ-SYSTEMS awarded offshore surveillance, maritime analytics and data company GateHouse Maritime a 5-year contract to monitor a new gas pipeline in the Baltic Sea, the companies announced.
Brookfield Stays Committed to Hostile Inter Pipeline Takeover
Brookfield Infrastructure Partners said it is committed to its C$7.1 billion ($5.65 billion) hostile takeover offer for Inter Pipeline Ltd despite the pipeline company's board turning down the bid.
NDT Global Conducting Baseline Inspection for Trans Adriatic Pipeline
NDT Global, a leading supplier of ultrasonic inline inspection, acoustic resonance technology, and advanced data analytics, announced it was awarded the contract to complete a baseline inspection survey for Trans Adriatic Pipeline AG, headquartered in Baar, Switzerland.
EnerMech Secures Five-Year Deal with Chevron Australia
Chevron Australia awarded global integrated solutions specialist EnerMech a five-year contract to provide a range of integrated services to its Western Australian oil and gas facilities.
Russia's Rosneft to Sell Southern Assets, Focus on Vostok Oil
Rosneft is selling its three southern oil assets and could complete deals for all three by the end of May as Russia's top oil company shifts focus to the giant northern Vostok Oil project.
What's New March 2021
Logan Industries Logan Industries offers marine scrubber repair and servicing at its new pressure vessel heat exchanger (PVHEX) facility in Hempstead, Texas. The facility, designed and engineered to e-produce scrubbers for the petrochemical, marine, ocean transport, chem..
Canada's Secure Energy to Buy Tervita as Oil Deals Speed Up
Canada's Secure Energy Services Inc said it would buy waste management services firm Tervita Corp in an all-stock deal valued at C$478 million ($379.5 million), the latest consolidation in the country's oil sector.
Baker Hughes Offers Composite Flexible Pipe for Onshore Pipelines
Baker Hughes launched of its Onshore Composite Flexible Pipe to address the corrosion and cost of ownership challenges with conventional steel pipe for the energy, oil and gas and industrial sectors.
Two-Part Epoxy Deemed Best for Pipeline at Saltwater Channel
Polyguard Products entered the liquid corrosion coating industry in the past decade, where two-part epoxy is a typical choice for most pipeline field coating repairs due to its ease of application and exceptional performance characteristics. Polyguard developed NHT-5600 with those things in mind.
SBS Energy Sets Record in GOM Decommissioning Project
SBS Energy Services (SBS) completed a multiphase project to decommission 29,000 feet (8,839 meters) of 10-by-6-inch (254-by-152-mm) insulated pipeline in the Gulf of Mexico (GOM) in partnership with Helix Energy Solutions, setting a new offshore snubbing unit/hydraulic workover world record.
Using Remote Monitoring to Evaluate Pipeline Lightning Immunity
While lightning itself does not cause corrosion, the damage it creates to a pipe’s walls, coatings and cathodic protection (CP) system can leave a pipeline vulnerable.
Canada’s Inter Pipeline Urges Shareholders to Reject Brookfield's Hostile Bid
Inter Pipeline Ltd asked shareholders to reject Brookfield Infrastructure Partners' hostile bid, saying the offer "significantly undervalues" the Canadian oil and gas transportation company.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
