News

Germany has begun to nationalize gas importer Uniper in the wake of an energy crisis that has left the government of Europe's top economy with few other options to keep its industry going.

Germany is set to buy Fortum's (FORTUM.HE) 78% stake in Uniper and inject a further 8 billion euros ($8 billion US) into the energy group that is expected to give Berlin a stake of more than 90%.

To strengthen security of supply and to ensure the continued operations of oil refineries in Schwedt an der Oder, Rosneft MiRo and Bayernoil, Neustadt an der Donau, the German government has placed these three refineries under trusteeship as it seeks to manage and attenuate the impact of the ongoing energy crisis.

The Nigerian National Petroleum Company and Morocco’s National Office of Hydrocarbons and Mines, on Thursday, September 15, 2022, signed an MoU for a long-delayed gas pipeline proposal that will link the two countries, opening a possibility for a new energy supply path for West Africa and Europe.

Oman energy firm settled on Bank Muscat and Bank of America Corp. to advise the initial public offering of its gas pipeline units as the sultanate kickstarts its privatization program, people familiar with the matter disclosed.

Kazakhstan's oil and gas exploration scene is gradually changing, with more than 100 tracks up for bids, with 23 exclusively reserved for two state-run companies.

German Chancellor Olaf Scholz raised hopes last week when he championed the construction of a gas pipeline connecting the Spanish and French gas grids.  Scholz said such a pipeline would help wean Europe away from its reliance on Russian energy.

Central African countries, including Equatorial Guinea, Cameroon, Gabon, Chad, Angola, Democratic Republic of Congo and Congo Republic, have signed an agreement to construct three multinational oil and gas pipeline systems of around 6,500 km (4,000 miles), storage depots, LNG terminals, at least three refineries and gas-fired power plants linking 11 countries by 2030, according to project docum

Q1) What is the key to success for coating joints in the field ?

East Timor president Jose Ramos-Horta On Wednesday, September 7, 2020, expressed confidence in Indonesia, South Korea, Japan, and China as potential investors in the long-delayed gas project in the waters between East Timor and Australia, Reuters reported.

Speaking at the national press club in Canberra, Timor pointed out the project as vital to the country's future.

Pittsburgh-based EQT Corp on Tuesday September 6 announced its intentions to acquire Tug Hill and pipeline company XcL Midstream in West Virginia along with its operations for $5.2 Billion. If the deal goes as planned, the founder and CEO of Tug Hill and XcL Midstream, Wil VanLoh, will be joining EQT's board of directors.

The Abu Dhabi National Oil Company (ADNOC) awarded a $548 million (AED 2.01 billion) contract to Abu Dhabi-based National Petroleum Construction Company (NPCC), WAM reported on Monday, September 5, 2022.

US-based gas pipeline EPGN has plans to strengthen the US-Mexico relationship by collaborating with Mexico’s Grupo Clisa in the new Yuma II gas project. The project aims to bolster the available gas supply in Sonora and Baja, California.

Argentina's state-owned oil company YPF on September 1, 2022, signed a deal with Malaysia's counterpart, Petronas, to build a gas pipeline to transport fuel and a massive liquefied natural gas (LNG) plant.

After two years of online Pipeline Technology Conference (ptc) and a hybrid event, ptc 2023 will once again emphasize face-to-face networking. From 8-11 May 2023, participants from all over the world will again travel to Berlin for the Pipeline Technology Conference and exhibition. About two-thirds of ptc visitors come from abroad.

The KPI "First Run Success Rate" reflects the number of successful runs, related to the total number of first inspection runs for a defined period of one calendar year.

France and Germany have agreed to reactivate a gas pipeline originally built for east to west flows to help each other over the approaching European winter.

Energinet and Gasunie on September 1, 2022, signed a Memorandum of Understanding (MoU) to accelerate the preparations for cross-border hydrogen infrastructure between Denmark and Germany.

Plans are taking shape:  LNG pipeline link should be ready before the end of 2022.
                                                                                                                                                                                   

Pipeline Technique (PTL), a market-leading firm in onshore and offshore infrastructure welding, coating, and inspection technology, on August 23, 2022 finalized its transformational acquisition of triple businesses from Stanley Black & Decker. This is the second acquisition for 2022 after the company acquired Global Project Services in April.

Amid rocketing energy prices in Europe Russia's Gazprom has halted gas supplies to Germany via Nord Stream 1 citing "maintenance" issues.

Yara and Northern Lights, on August 29, 2022, signed a partnership deal to transport carbon dioxide captured in an industrial facility in the Netherlands and permanently store it in Western Norway. This will be the first cross-border CO2 transport and storage contract when the commercial terms are finalized.

A ceremony to celebrate the completion of the Poland – Slovakia gas interconnector was held in Strachocina, Poland, on Friday, August 26, with representatives from the Polish and Slovak governments among the dignitaries who graced the occasion. The new gas connection is scheduled for commercial operation in October 2022.

Energy Transfer LNG Export, LLC, a subsidiary of Energy Transfer LP, has entered into a contract with Shell NA LNG LLC to supply LNG from Lake Charles.

For the second time in less than a year Canada has invoked a 1977 Pipeline Treaty with the United States to prevent the closure of Enbridge's Line 5 pipeline in Wisconsin.

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.