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].
Open Grid Europe, one of Europe’s leading pipeline sysytem operators, has signed a contract with international operations and safety management consultancy firm DuPont Sustainable Solutions (DSS) to take part in the DuPont Risk Factor™ programme.
A Saudi oil pipeline was attacked by drones, causing “limited damage,” the Saudi energy minister said on Tuesday, only one day after Saudi Arabia said two of its oil tankers had been sabotaged. This latest development is ratcheting up tensions in the already troubled region.
Two oil pumping stations for the East-West pipeline had been hit by explosive-laden drones.
The winner photo of the ptc-photo contest under the motto “What is it like to work in the pipeline industry?” has been awarded during the Pipeline Technology Conference in Berlin, Germany. Winners of the competition were the pipeline system operators TANAP and TurkStream. The ptc Photo Contest has been sponsored my Maats.
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.
400 years ago, the first modern pipeline was put into operation in Bavaria, Germany. It transported salt from Reichenhall to Traunstein. The last parts remained in operation until 1958.
To build a pipeline from Reichenhall to Traunstein, 31 kilometres long, with a height difference of 250 metres was a great venture in 1617.
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.
Organic chlorides from a private storage terminal in the middle of the vast Russian Federation have contaminated crude oil deliveries to key European refiners of Russian feedstock, choking off one of Europe's main sources of crude and leading to a jump in crude oil prices before slumping by the end of last week.
Suspected militants have forced a second shutdown in as many months of the Nembe Creek Trunkline carrying oil from the eastern Niger Delta to the Bonny Export Terminal, located at the edge of the Atlantic Ocean.
For the rehabilitation of a drinking water pipeline in a district 200 km north-east of Munich, Germany, DENSO managed to protect weld seams from corrosion quickly and efficiently using a new laying method that floats in water.
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.
LIN SCAN successfully completed the cleaning and inspection of three strategic crude oil loading lines in the UAE that had been deemed unpiggable.
U.S. President Donald Trump signed executive orders last week to speed up the construction of transnational and national pipeline projects.
This comes after making promises on the campaign trail for the presidency to remove regulatory barriers to energy projects.
Saudi-led Arkad-ABB as well as an international consortium comprising Bonatti, Max Streicher and TNK are vying for final selection in Bulgartransgaz's 474-km natural gas pipeline project which would link Bulgaria to Turkey on its southern border and with Serbia on its western border. A third group led by MOL in Hungary did not meet the project requirements and will no longer be considered.
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.
To provide legal clarity for operators and competitive gas supply for all Europeans, the Members of the European Parliament (MEP) approved new gas market rules to bring incoming pipelines under EU law.
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.
President Trump has issued a presidential edict to “construct, connect, operate, and maintain pipeline facilities at the international border” at Phillips County, Montana, “for the import of oil from Canada to the United States.” The edict thus provides TransCanada, the Canadian pipeline company, a significant boost as it considers its final investment decision on the $8 billion project.
OCENSA, a large oil transportation company in Colombia, awarded the ROSEN Group with a prize in the category Transformation and Innovation.
Europe's leading pipeline event, the Pipeline Technology Conference (ptc), has been held successfully from 18 to 21 March 2019 in Berlin, Germany. The organizer announced that 750 participants from 54 different nations, delegations from almost 80 different pipeline operators as well as 78 exhibitors have joined and contributed to the event.
Efforts are being made to expand Turkey's energy exchange market and attract more actors from European countries, Turkish Energy and Natural Resources Minister Fatih Donmez announced a few days ago.
Israel wants to strengthen its alliance with Cyprus and Greece with a natural gas project in the Mediterranean. Prime Minister Benjamin Netanyahu met Cypriot President Nikos Anastasiadis, Greek Prime Minister Alexis Tsipras and US Secretary of State Mike Pompeo in Jerusalem on Wednesday evening.
The Pipeline Transport Institute has completed field activities for inspection of the lightning protection and earthing system at the Béjaïa (Béjaïa, Algeria) regional logistic centre’s loading terminal’s hydrocarbon storage farm of Sonatrach.
In what could be seen as a sop to placate nervous European and American powers over the future shipment of Russian gas through Nord Stream 2 to Germany, Russian Prime Minister Dmitry Medvedev said that Moscow is amenable to further shipments of gas via the existing Bratsva and Soyuz pipeline systems, providing certain conditions are met.
