News

In a  proposed pipeline project that flies in the face of the conventional European consensus to lessen the continent's dependency on Russian oil after Russian President Putin's war of aggression in Ukraine, Serbian President Aleksandar Vucic announced this month the construction of a 128-km oil pipeline connecting the northern Serbian City of Novi Sad with Hungary.  

The European Green Deal identifies hydrogen as key to a clean and circular economy.

Enagas SA, one of Spain's major gas network operators, could sell some of its assets to fund new pipeline projects in Europe to help Europe wean off Russian energy that the Kremlin has been accused of using to influence global geopolitics. Tallgrass stakes could be part of the long-term disposal.

In hydrogen production, the Netherlands has a sizeable climate target to meet, and the North Sea offers opportunities for generating the required green energy through wind farms.

Fortescue Future Industries (“FFI”) and Tree Energy Solutions (“TES”), both companies stacked with a very smart and far-seeing team, have agreed to develop the world’s largest green hydrogen integrated project "to help Europe mitigate its current energy and climate crisis and to bring green molecules to Europe," as TES says in a press release.

A double pipeline is set to be developed in the New Administrative Capital (NAC), under construction in Upper Egypt, to reinforce the irrigation water supply.

The venerable Druzhba pipeline, transporting oil some 4000-km from the northeastern part of European Russia to multiple countries in eastern Europe, sprung a leak in Poland last week which was mended within days.

Gazprom CEO Alexei Miller said late last week that a big section of the damaged Nord Stream 1 & 2 gas pipelines would need to be replaced.

"Experts say that in order to restore work after such a terrorist act, it is necessary to actually cut off a very large piece of pipe, at a great distance, and in fact build a new section on this section," Miller told a Russian TV station.

Russia claimed on Thursday, October 13, 2022, they had arrested people in a foiled attack on a section of the TurkStream gas pipeline located in Russia's territory, Interfax reported.

Malaysia's integrated gas and oil company, Petronas, on October 8, 2022, declared force majeure on gas supply to Malaysia's LNG Dua liquefaction terminal due to a leakage in one of the pipelines. The leak resulted from soil movement in the vicinity of KP201, Sabah-Sarawak Gas Pipeline, which occurred on September 21.

After the attack on the two Nord Stream pipelines linking Germany to Russian gas, Norway deployed a specialist vessel to carry out inspections on the subsea natural gas pipeline to Germany due to safety concerns, a source privy to the project told Reuters.

Nord Stream AG, the Switzerland-based operator of the severely - damaged Nord Stream 1 & 2 gas pipelines, has been informed by Danish, Swedish and Norwegian authorities that it cannot conduct its own investigation until the official one concludes.

The German and Spanish governments held a summit meeting yesterday in the northwestern Spanish city of A Coruña to discuss European energy security in general and the resurrection of the MidCat pipeline in particular.

Uganda and Tanzania have cut through the noise to sign an agreement, marking the beginning of the construction of a 1,445-kilometre crude oil pipeline stretching from Ugandan oilfields to its neighbor, Tanzanian, via the port of Tanga.

Leaders of Norway, Poland, and Denmark, on Tuesday, September 27, 2022, launched the Baltic gas pipeline to help Poland and Europe reduce their long-standing dependency on Russian natural gas.

After nearly two weeks of spewing out an estimated approximately 778 million standard cubic meters of toxic methane gas from three separate ruptures in the Nord Stream 1 & 2 lines on the Baltic Sea floor, the Danish Energy Agency said yesterday that the leaks have finally stopped.

A $6.6 billion natural gas Mountain Valley Pipeline long advocated by Democratic U.S. Senator Joe Manchin in his home state of West Virginia is facing bipartisan resistance on Capital Hill and will not be afforded preferential treatment.

Saipem S.p.A awarded Corinth Pipeworks a contract to develop an onshore and offshore natural gas pipeline by Gastrade. The FSRU, Floating Storage and Regasification Unit, will connect to the National Natural Gas Transmission System of Greece via a 28 km long pipeline.

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