Pipeline Business

Flare burning gas (© Shutterstock/hkhtt hj)
Flare burning gas (© Shutterstock/hkhtt hj)

Russia Flaring Around 4.34 mcmd Of Gas Normally Bound For Nord Stream 1

Russia is burning an estimated $10 million worth of natural gas every day near its border with Finland, close to a compressor station at the beginning of Nord Stream 1, one of the main Russian pipelines carrying gas to Germany.

Flags of Russia and Iran (© Shutterstock/ruskpp)
Flags of Russia and Iran (© Shutterstock/ruskpp)

Russia and Iran Move to Create One of the Largest Global Natural Gas Cartel

Last month, Gazprom and the National Iranian Oil Company (NIOC) signed a $40 billion Memorandum of Understanding (MoU). The MoU has been hailed as a move that will enable Iran and Russia to implement their long-standing plan of becoming the major players in a global cartel for gas suppliers, similar to the Organization of the Petroleum Exporting Countries (OPEC) for oil suppliers.

Logo of Direct-C (© Direct-C)
Logo of Direct-C (© Direct-C)

Direct-C Raises $3.9 Million in Series A Funding Round to Scale Oil Leak Detection Tech

Direct-C, an Alberta-based company with leak detection and monitoring, has been working with Henkel Adhesive Technologies since 2018 to assess whether its oil leak detection technology could be used alongside the German manufacturing giant’s repair wrap product.

Phillips 66 logo on a smartphone screen (© Shutterstock/rafapress)
Phillips 66 logo on a smartphone screen (© Shutterstock/rafapress)

Phillips 66 on A Move to Buy Pipeline Operator DCP Midstream

USA-headquartered refiner Phillips 66 (PSX.N) has tendered an offer to acquire public units of DCP Midstream (DCP.N) in a bid to scale up the company's value and output. According to a Reuters report published on Wed August 17, 2022, the deal would bulk up Phillip's natural gas liquids business and value the pipeline operator at $7.2 billion.

Flag of Croatia (© Shutterstock/adaptice photography)
Flag of Croatia (© Shutterstock/adaptice photography)

Croatia To Build A Floating LNG Terminal In The Adriatic

Croatia, seeking new sources of natural gas following Russia's War of Aggression on Ukraine, has announced that it will invest 180 million euros to build a new gas pipeline connecting the towns of Zlobin and Bosiljevo in northwestern Croatia.  

Baker Hughes headquarter in Houston, Texas (© Shutterstock/JHVEPhoto)
Baker Hughes headquarter in Houston, Texas (© Shutterstock/JHVEPhoto)

Baker Hughes Completes Major Acquisition of Quest Integrity, Seattle, Washington

Baker Hughes, one of the world's foremost energy technology companies providing solutions to energy and industrial customers around the globe, has announced the acquisition of Quest Integrity with the aim of expanding asset inspection solutions for the energy and industrial sectors of the international economy.

Flag with the logo of Bilfinger (© Shutterstock/360b)
Flag with the logo of Bilfinger (© Shutterstock/360b)

Bilfinger Supports Gasunie’s Innovative Green Hydrogen Storage Project in the Netherlands

Bilfinger announced it was using its expertise and experience to support the engineering of Gasunie’s HyStock project, an underground green hydrogen facility near Zuidwending in the Netherlands.

Kazakhstan with flag embedded on the surface of the earth (© Shutterstock/Harvepino)
Kazakhstan with flag embedded on the surface of the earth (© Shutterstock/Harvepino)

Kazakhstan Seeking Alternative Pipeline Export Options

Given the vagaries of transporting hydrocarbons through Russia nowadays, Kazakhstan is expected to sell some of its crude oil through Azerbaijan's pipeline that delivers oil to Turkey's Mediterranean port of Ceyhan.

For 20 years, they have been shipped through the CPC pipeline to Russia's Black Sea port of Novorossiisk, which provides access to the global market.

German Chancellor Olaf Scholz (© Shutterstock/Alexandros Michailidis)
German Chancellor Olaf Scholz (© Shutterstock/Alexandros Michailidis)

German Chancellor Scholz Campaigns for A Portugal To Central Europe Gas Pipeline

German Chancellor Olaf Scholz has called for the construction of a gas pipeline from Portugal through Spain, France, Germany and the rest of Central Europe.  Such a connection he said would bring massive relief to a continent in the grip of tight energy supplies  and help to further reduce energy dependency on Russia.

Dr. Eran Inbar of Prisma Photonics and Shmuel Turgeman of Israel Natural Gas Lines (© Maxim Dinshtein)
Dr. Eran Inbar of Prisma Photonics and Shmuel Turgeman of Israel Natural Gas Lines (© Maxim Dinshtein)

Israeli Natural Gas Lines Signs Investment Contract With Prisma Photonics

Israeli Natural Gas Lines recently entered into a strategic investment contract with Prisma Photonics, a company developing advanced real-time critical infrastructure monitoring systems.

ROSEN Group logo (© ROSEN Group)
ROSEN Group logo (© ROSEN Group)

Rosen Seals Five-Year Deals for Pan Malaysia In-line Pipeline Inspection

Rosen Group, one of the world’s leading suppliers for pipeline integrity management, has secured five-year in-line inspection service deals for the Pan Malaysia pipeline for Petroleum Arrangement Contractor (PACs) and PETRONAS Group, a Malaysian oil and gas company.