ExxonMobil acquired Denbury Resources for $5 billion, marking its major milestone in the carbon capture and storage (CCUS) sector. According to a report published by Carbon Credit on Friday, the purchase aims to enhance Exxon's CCUS capacity and support its low-carbon energy strategy.
Nova Transportadora do Sudeste (NTS) operating Brazil's largest pipeline system, spanning over 2,000 km, has partnered with Atmos, a provider of pipeline management software.
PCK Schwedt, a German oil refinery, has requested $441 million (€400 million) in government aid from the country's economy ministry to enhance the Rostock-Schwedt pipeline.
A new report by Wood Mackenzie, a global insight business for renewables, energy, and natural resources, suggests that a proposed $5 billion export route linking gas fields in the Barents Sea in Northern Norway to European markets could potentially alleviate the continent's reliance on liquefied natural gas (LNG) imports.
Construction on the 490-km Mountain Valley Pipeline has come to an abrupt halt after an appellate court issued a one sentence stay and did not offer an explanation. Work was halted in the Jefferson National Forest, Virginia.
Pipeline operator Equitrans Midstream said on Tuesday it is evaluating all legal options, including an emergency appeal at the U.S. Supreme Court.
TenneT, Gasunie Deutschland, Thyssengas and bayernets, four major European energy companies, have published a compelling study entitled "Quo vadis Elektrolyse?" contending that hydrogen power plants and their accompanying hydrogen pipeline transmission grid will secure the energy future of Germany, if not the world.
The Trans Mountain pipeline expansion project, aimed at accessing Asian markets for Canadian oil, will likely redirect its barrels to the U.S. West Coast as Russian oil dominates Asian markets.
Analysts and traders attribute this shift to the rising demand for cheaper Russian oil in Asia due to Western sanctions following Moscow's invasion of Ukraine.
Tenaris, a global manufacturer of steel pipes and related services, has made a significant move with its recent acquisition of the oil and gas division of isOplus. The deal, valued at $10 million, grants Tenaris ownership of isOplus's pre-insulated pipeline systems for district heating and anti-corrosion coatings in Europe.
Decom Engineering (Decom) has invested more than $1.2 million to develop its largest Chopsaw to date in response to client demand for larger sized subsea pipe-cutting capability.
The C1-46 Chopsaw has been designed to be useable in water depths of up to 2,000 meters and can cut pipes up to 46” of a wide range of materials in any orientation.
The Scotland-based pipeline service provider STATS Group and the Japanese company Mitsui & Co have agreed over the purchase of 100% of STAT Group’s shares.
Adnoc Gas, the natural gas subsidiary of Abu Dhabi National Oil Company, on Monday, July 3, announced the award of contracts worth $1.34 billion (Dh4.9 billion) to Petrofac Emirates and the Consortium comprising National Petroleum Construction Co. and CAT International Ltd.
Partners in a major Israeli offshore gas project, Leviathan, announced plans plans to invest $568 million in the construction of a third pipeline, Reuters reported.
According to the announcement, the planned pipeline is expected to enhance natural gas production and facilitate increased exports from the hydrocarbon-rich sea field.
China's Sinopec has begun producing green hydrogen at a plant - the largest in the country - in the far western region of Xinjiang and announced plans to build a 400 km pipeline from Inner Mongolia to the capital, Beijing, to transport the fuel.
The new pipeline will provide clean energy for local oil refining plants and fuel cell vehicles.
Mexico’s natural gas pipeline network got a huge boost when state power company Comisión Federal de Electricidad (CFE) and Esentia Energy Systems signed a memorandum of understanding (MOU) to jointly invest $300 million to expand the national grid.
With mounting geopolitical problems in the European theater, the cognoscenti have been pondering just where Europe would access hydrogen in quantities that would make the undertaking viable.
