Seeing no viable way to continue its operations in Iran without being severely penalized by US President Donald Trump's renewed sanctions, French oil giant Total has opted to sell its stake in Iran's South Pars Gas Development to China's state-owned energy company CNPC and head home.
Confidence in the case for gas is growing, according to a survey by DNV GL, the technical advisor to the industry. The vast majority (86%) of the 813 senior industry professionals surveyed agree that gas - the least carbon-intensive fossil fuel - will play an increasingly important role in the global energy mix over the next decade, up from 77% last year.
Liderroll has achieved a major victory in the United States: US authorities have granted the definitive patent in the country for a special invention that will change the parameters of tunnel construction. This patent will give exclusivity to Liderroll to manufacture and install concave supports in tunnels made by tunnel boring machines (TBM).
After decades of political and legal wrangling the five littoral states to the Caspian Sea have agreed to the Convention on the Legal Status of the Caspian Sea, clarifying maritime borders and granting each state sovereign rights to the sea.
Baker Hughes, a GE company, has broken ground on a new European Customer Solutions Center (CSC) for its Inspection Technologies (IT) business, one of the world's leading providers of non-destructive testing (NDT). The CSC will be housed on IT’s existing Wunstorf, Germany site and will be the flagship CSC for European customers and partners.
A record number of gas pipelines are being built for the surging Mexican power market, the recipient of abundant gas supplies from the Permian Basin across the border in the United States. Indeed the volume of gas exports has tripled in the past ten years. Presently 4.9 billion cu ft per day are exported to Mexico.
Canadian energy infrastructure operator TransCanada Corporation has awarded a contract to a joint venture made up of Spiecapag Canada Corp, a VINCI subsidiary and operational leader, and Macro Pipelines Inc. to build two sections of gas pipeline in the province of Vancouver, British Columbia.
Despite the fact that Baker Hughes just recently joined the General Electric group, the financially struggling American company publicly announced its intention to separate from Baker Hughes in the next two or three years.
The Organization of Oil-producing Countries (OPEC) tries to convince Russia to a closer cooperation. For this reason, Saudi Arabia proposed granting Russia observer status. A Russian representative confirmed the offer to the press: "This option exists and is under consideration. We are currently studying this question carefully," said the confidant of Russian President Vladimir Putin.
NDT Global, supplier of ultrasonic pipeline inspection robotics and integrity services solutions, today announced the appointment of Mr. Richard Matthews as the President of NDT Global.
The Interstate Natural Gas Association of America (INGAA) has issued an updated 2016 infrastructure report which depicts the massive changes in store for energy infrastructure in the United States and Canada. INGAA Foundation President Don Santa says "while we are now in the midst of a remarkable expansion of the pipeline network ... there will remain a need for new pipeline infrastructure.
Australia is embarking on a major $140 million infrastructure project, building a gas processing facility and a 60-km pipeline for the growing domestic market. It will connect Senex’s Atlas gas field in the Surat Basin in south-east Queensland to Jemena’s existing Darling Downs pipeline and Australia’s largest single gas hub – the Wallumbilla gas hub.
China is seeking to revise ownership of its huge gas pipeline network due to the fact that more and more private and industrial customers convert from coal to gas.
On May 31 the US-President announced the implementation of a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from some of the nation’s strongest trade partners – Canada, Mexico and the European Union – drawing the ire of multiple American Industry Associations
The Texas oil industry has recorded a massive production growth in 2017. 3.2 million barrels of oil were produced every day in the Lone Star State, an increase of almost 30 percent over the previous year. Compared to 2016, the increase sums up to even 60 percent.
