Europe's leading pipeline conference and exhibition, the Pipeline Technology Conference (ptc) has been held successfully from 18 to 21 March 2019 in Berlin, Germany.
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 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 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.
OCENSA, a large oil transportation company in Colombia, awarded the ROSEN Group with a prize in the category Transformation and Innovation.
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.
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.
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.
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.
NDT Global, a supplier of ultrasonic pipeline inspection and integrity services, announced two major advances in pipeline crack inspection technology.
Enhanced Sizing methodology can size cracks to 100% wall thickness.
Uganda and Tanzania are making great headway in the development of the East African Crude Oil Pipeline (also known by its acronym EACOP), a 1,445-km long underground crude oil pipeline from Hoima in Uganda to Tanga in Tanzania costing approximately $3.5 billion.
Wind Point Partners, a Chicago-based private equity firm, announced today it has entered into definitive agreements to simultaneously acquire and merge Clock Spring and Neptune Research, two providers of high-performance repair and rehabilitation products for global critical infrastructure. The combined business will be named ClockSpring|NRI.
Crondall Energy, the floating production and subsea engineering specialists, has announced changes to its board to enable it to capitalise on the increasing level of opportunities within the sector.
The Pipeline Transport Institute and Transneft Diascan have signed contracts for diagnostics (inspection) with Sonatrach, an Algerian state oil and gas company. In December, the documents were signed in the city of Algiers within the framework of the development of the provisions of the memorandum of Cooperation signed between Transneft and Sonatrach.
Brazil’s state-controlled oil company Petróleo Brasileiro, or Petrobras, could introduce a new sale and purchase agreement (SPA) for the sale of the Transportadora Associada de Gás (TAG) pipeline, after a Brazilian Supreme Court injunction this past July stalled the sale.