Nigeria has begun constructing a $2.8 billion gas pipeline project, the biggest in the country's history. The 614-km long pipeline will run from Ajaokuta to Kano under the auspices of Nigerian National Petroleum Corporation (NNPC).
While Nordstream stutters on its way to Europe, Turkstream is proceeding apace: Hungary's MOL announced last week that it would join the Turkstream pipeline consortium. The regulator approved a 10-year development plan that includes the construction of a new Serbian-Hungarian gas inter-connector, with a capacity of 6 billion cubic meters annually.
Harvest Midstream Company, a privately held midstream services provider based in Houston and operating crude oil and natural gas gathering, storage, transportation, treatment, and terminalling assets across the Lower 48 and Alaska, has announced the completion of the Ingleside Pipeline.
"You can't have your cake and eat it too," goes the old English adage. Yet with a record consortium offer of $20.7 billion for the lucrative midstream pipeline assets of the Abu Dhabi National Oil Company (Adnoc), the Emiratis can be pardoned for believing you can.
Exxon Mobil has succeeded in restoring crude oil production in its upstream project off of Guyana's coast after problems with its gas reinjection equipment, according to Vincent Adams, Head of Guyana's Environmental Protection Agency.
Transnet, a South African diversified rail, port and pipeline company known as the guardian of the country's pipeline assets, said today that since April of this year 26 fuel theft incidents removing over two million liters of petroleum products had been stolen from Transnet's 3000-km pipelines.
From repeated setbacks affecting the further development of Nordstream 2 to slackened Chinese demand affecting the completion of the Power of Siberia, to the $1.5 billion arbitration loss against the Polish PGNiG, Gazprom can be excused for possibly thinking the world has turned against it.
The advent of Covid19, lockdown in lower 48, slack demand, oil price crash and a corresponding slash in capital expenditure have all taken a huge toll on the upstream sector of the US petroleum industry. Many of the companies specializing in shale oil production will not survive in this low price environment.
Ecuador’s northern Amazon rainforest has seen heavy oil contamination since rich oil fields were discovered there in the 1960s. Billions of gallons of oil waste was dumped by then American oil giant Texaco into unlined, open-air pits in the ground.
Bulgaria, with more than a little encouragement from the European Union, is about to embark on a long-awaited plan to diversify its sources of natural gas.
SONATRACH, Algeria's national hydrocarbon company, has become the majority shareholder of the offshore Medgaz pipeline connecting Algeria from the compressor station located at Beni-Saf to the incoming terminal located in Almeria, Spain.
Transit revenues on the Chad - Cameroon pipeline totaled approximately 55 million euros in 2019, according to recently published figures published by the National Hydrocarbon Company (SNH). This represents a nearly 25 percent increase over the previous year.
Several sub-Saharan countries in Africa -- the planet's second largest continent, home to over 600 million people and proven gas reserves of nearly 500 trillion cubic feet -- are considering a number of big ticket pipeline construction projects.
Against the backdrop of the Corona pandemic what has been touted as " the most significant deal to emerge since the countries signed a historic peace treaty in 1979," Israel and Egypt began implementing an estimated $19.5 billion natural gas deal.
Polish President Andrzej Duda heralded the beginning of a 900-km major gas pipeline from Norwegian waters of the North Sea of Norway, through Denmark, to landfall at Niechorze-Pogorzelica in Poland. Duda proclaimed the Baltic Pipeline would be a "milestone" in giving Poland independence from Russian gas.
