Pipeline Business

1.6 Billion Dollar Pipeline Proposed to Move Crude Oil Out of North Dakota (Christopher Boswell / Shutterstock)
1.6 Billion Dollar Pipeline Proposed to Move Crude Oil Out of North Dakota (Christopher Boswell / Shutterstock)

1.6 Billion Dollar Pipeline Proposed to Move Crude Oil Out of North Dakota

Two companies are proposing a $1.6 billion pipeline to move North Dakota crude oil out of the state, making it the biggest project of this kind since the Dakota Access pipeline that sparked violent clashes between protesters and law enforcement in the past years.

ExxonMobil Proceeds with Argentina Expansion Project in Vaca Muerta Basin (Harry Green / Shutterstock)
ExxonMobil Proceeds with Argentina Expansion Project in Vaca Muerta Basin (Harry Green / Shutterstock)

ExxonMobil Proceeds with Argentina Expansion Project in Vaca Muerta Basin

ExxonMobil is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells, a central production facility and export infrastructure connected to the Oldeval pipeline and refineries.

Pipeline Operators from Europe, Latin America, Asia and Africa Exchanged Views on Illegal Tapping at ptc 2019 in Berlin (@ Philip Wilson / EITEP)
Pipeline Operators from Europe, Latin America, Asia and Africa Exchanged Views on Illegal Tapping at ptc 2019 in Berlin (@ Philip Wilson / EITEP)

Pipeline Operators from Europe, Latin America, Asia and Africa Exchanged Views on Illegal Tapping at ptc 2019 in Berlin

Crude oil remains the world's leading energy source. The value of the total annual production of the global oil industry in 2018 was around 2 trillion US dollars. A flourishing black market is not surprising. Fossil fuels worth around 133 billion US dollars are stolen every year [1].

BP Awards Contracts to BHGE & McDermott for Greater Tortue Ahmeyim Natural Gas Project (Copyright by bp)
BP Awards Contracts to BHGE & McDermott for Greater Tortue Ahmeyim Natural Gas Project (Copyright by bp)

BP Awards Contracts to BHGE & McDermott for Greater Tortue Ahmeyim Natural Gas Project

McDermott International and Baker Hughes, a GE company have announced today that they have been awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts by BP for the Greater Tortue Ahmeyim natural gas project, located offshore Mauritania and Senegal.

Noble To Sell its Noble Midstream Partners
Noble To Sell its Noble Midstream Partners

Noble To Sell its Noble Midstream Partners

Noble Energy is looking to unload pipeline operator Noble Midstream Partners to focus on core operations and maximize profits, according to people familiar with the issue.

Both Noble Energy and Noble Midstream Partners did not respond to request for comment.

Noble Midstream Partners has a market value of $1.6 billion.

80 Pipeline System Operators from Europe, Asia, MENA and South America Ensure Success for Exhibitors during 14th ptc in Berlin (Photo by Philip Wilson)
80 Pipeline System Operators from Europe, Asia, MENA and South America Ensure Success for Exhibitors during 14th ptc in Berlin (Photo by Philip Wilson)

80 Pipeline System Operators from Europe, Asia, MENA and South America Ensure Success for Exhibitors during 14th ptc in Berlin

Petrobras to sell pipeline unit to Engie for $8.6 billion (Alf Ribeiro / Shutterstock)
Petrobras to sell pipeline unit to Engie for $8.6 billion (Alf Ribeiro / Shutterstock)

Petrobras to sell pipeline unit to Engie for $8.6 billion

ENGIE announces that the consortium in which it holds a majority stake has won the competitive bidding process conducted by Petrobras for the sale of a 90% shareholding in Transportadora Associada de Gás S.A. (TAG) with a final and binding offer amounting to USD 8.6bn.

Texas Oil Production Plummeted in January
Texas Oil Production Plummeted in January

Texas Oil Production Plummeted in January

Texas oil production dropped in January by 90,000 barrels of oil per day. The decline has been attributed to explorers drilling significantly less after crude oil prices collapsed at the beginning of the year as well as a dearth of pipeline capacity from the Permian Basin of West Texas to the Gulf of Mexico.

Saudi Aramco signs share purchase agreement to acquire 70% majority stake in SABIC (Copyright Saudi Aramco)
Saudi Aramco signs share purchase agreement to acquire 70% majority stake in SABIC (Copyright Saudi Aramco)

Saudi Aramco signs share purchase agreement to acquire 70% majority stake in SABIC

Saudi Aramco announced the signing of a share purchase agreement to acquire a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia, in a private transaction for SAR 259.125 billion (or SAR 123.39 per share), which is equivalent to USD $69.1 billion.

Members of ROSEN South America (northern region) project team: Jonnathan Perez (Sales Manager), Kathy Diaz (HSE Coordinator), Leonardo Mendoza (Director of Business Execution) and Carlos Cruz (Project Manager).
Members of ROSEN South America (northern region) project team: Jonnathan Perez (Sales Manager), Kathy Diaz (HSE Coordinator), Leonardo Mendoza (Director of Business Execution) and Carlos Cruz (Project Manager).

ROSEN Group Recognized by Ocensa With a Transformation and Innovation Prize

OCENSA, a large oil transportation company in Colombia, awarded the ROSEN Group with a prize in the category Transformation and Innovation.

ILF Consulting Engineers ranked #6 as Top International Design Firm for Pipelines
ILF Consulting Engineers ranked #6 as Top International Design Firm for Pipelines

ILF Consulting Engineers ranked #6 as Top International Design Firm for Pipelines

In 2018 the ENR global sourcebook published its 77th ranking for top international design firms. Once more, ILF Consulting Engineers was able to secure its position as a Top International Design Firm for Pipelines. By being ranked #6 in 2018, ILF was furthermore able to improve its position, compared to rank #10 in 2016.

(Shutter Stock / Mirko Kuzmanovic)
(Shutter Stock / Mirko Kuzmanovic)

China announces plan to form national oil & gas pipeline company.

The highly anticipated reform of the chinese oil and gas industry is now official according to the country's state planner. The creation of the new company was released as part of the National Development & Reform Commission's report during the last National People's Congress meeting.

Nord Stream 2, TurkStream, TANAP: "Eurasian Pipeline Forum: Linking East and West" at ptc 2019 in Berlin (Copyright: TANAP)
Nord Stream 2, TurkStream, TANAP: "Eurasian Pipeline Forum: Linking East and West" at ptc 2019 in Berlin (Copyright: TANAP)

Nord Stream 2, TurkStream, TANAP: "Eurasian Pipeline Forum: Linking East and West" at ptc 2019 in Berlin

There is a long tradition of energy cooperation between Europe and Asia. For decades, Russia for example has been a reliable partner for the supply of crude oil and natural gas. A number of other initiatives are currently being developed, involving Russia, Central Asia and Turkey.

https://www.hydrocarbons-technology.com/news/adnoc-signs-4bn-pipeline-infrastructure-deal-with-kkr-and-blackrock (Copyright: ADNOC)
https://www.hydrocarbons-technology.com/news/adnoc-signs-4bn-pipeline-infrastructure-deal-with-kkr-and-blackrock (Copyright: ADNOC)

ADNOC, KKR and BlackRocK sign US$4 billion pipeline infrastructure deal

The Abu Dhabi National Oil Company (ADNOC) has signed a US$4 bn midstream pipeline infrastructure partnership agreement with US-based institutional investors KKR and BlackRock. ADNOC is expanding through strategic partnerships since 2017. With the contract a newly formed entity known as Adnoc Oil Pipelines will lease ADNOC’s interest in 18 pipelines for a 23-year period.