Business News

Friedrich Vorwerk’s Energy Expertise Could Attract Investors

German energy infrastructure company Friedrich Vorwerk is guiding investors to expect its initial public offering (IPO) to price at 45-48 euros ($53.55-$57.12) per share, one of the bookrunners organizing the deal said on Monday.

Peak Utility Services Acquires Superior Pipeline Services

Peak Utility Services Group announced the acquisition of Superior Pipeline Services (SPS), a leading natural gas utility services contractor in Texas.

Ameren Modernizing Natural Gas Pipelines in Illinois

Crews will replace vintage steel transmission pipeline from the 1950s around Belleville with new, 16-inch steel pipeline.

Early Registration Open for 23rd World Petroleum Congress

Early bird registration for the 23rd World Petroleum Congress is now open and available through April 30th.

Thai Energy Firm PTTEP Expanding Midstream Investments

Thai oil and gas giant PTT Exploration and Production Pcl on Tuesday said it plans to expand midstream investments to have new businesses account for 20% of its profits by 2030, with a focus on gas-to-power.

Advanced Data Management Easier with Data Cloud Service

Konica Minolta’s solution to the oil & gas industry is not just limited to the Optical Gas Imaging Camera System GMP01, but it also includes our data cloud service, Inspection Data Manager.

New Generation Optical Gas Imaging Camera System Ensures Safety

Konica Minolta is pleased to introduce the results of a recent collaboration and study conducted mutually with oil & gas operators utilizing our optical gas imaging (OGI) camera system.

KKR Seeks $12 billion for Flagship Infrastructure Fund

Buyout firm KKR & Co Inc is seeking to raise $12 billion for its flagship global fund that will invest in infrastructure assets such as oil and gas pipelines and renewable energy projects.

Kinder Morgan Forms Energy Transition Ventures Group

Pipeline company Kinder Morgan said on Friday it had formed a new Energy Transition Ventures group to focus on low-carbon energy initiatives.

GateHouse Maritime to Monitor Gas Pipeline in the Baltic Sea

Poland’s GAZ-SYSTEMS awarded offshore surveillance, maritime analytics and data company GateHouse Maritime a 5-year contract to monitor a new gas pipeline in the Baltic Sea, the companies announced.

Brookfield Stays Committed to Hostile Inter Pipeline Takeover

Brookfield Infrastructure Partners said it is committed to its C$7.1 billion ($5.65 billion) hostile takeover offer for Inter Pipeline Ltd despite the pipeline company's board turning down the bid.

NDT Global Conducting Baseline Inspection for Trans Adriatic Pipeline

NDT Global, a leading supplier of ultrasonic inline inspection, acoustic resonance technology, and advanced data analytics, announced it was awarded the contract to complete a baseline inspection survey for Trans Adriatic Pipeline AG, headquartered in Baar, Switzerland.

EnerMech Secures Five-Year Deal with Chevron Australia

Chevron Australia awarded global integrated solutions specialist EnerMech a five-year contract to provide a range of integrated services to its Western Australian oil and gas facilities.

Russia's Rosneft to Sell Southern Assets, Focus on Vostok Oil

Rosneft is selling its three southern oil assets and could complete deals for all three by the end of May as Russia's top oil company shifts focus to the giant northern Vostok Oil project.

What's New March 2021

Logan Industries  Logan Industries offers marine scrubber repair and servicing at its new pressure vessel heat exchanger (PVHEX) facility in Hempstead, Texas. The facility, designed and engineered to e-produce scrubbers for the petrochemical, marine, ocean transport, chem..

Canada's Secure Energy to Buy Tervita as Oil Deals Speed Up

Canada's Secure Energy Services Inc said it would buy waste management services firm Tervita Corp in an all-stock deal valued at C$478 million ($379.5 million), the latest consolidation in the country's oil sector.

Baker Hughes Offers Composite Flexible Pipe for Onshore Pipelines

Baker Hughes launched of its Onshore Composite Flexible Pipe to address the corrosion and cost of ownership challenges with conventional steel pipe for the energy, oil and gas and industrial sectors.

Two-Part Epoxy Deemed Best for Pipeline at Saltwater Channel

Polyguard Products entered the liquid corrosion coating industry in the past decade, where two-part epoxy is a typical choice for most pipeline field coating repairs due to its ease of application and exceptional performance characteristics. Polyguard developed NHT-5600 with those things in mind.

SBS Energy Sets Record in GOM Decommissioning Project

SBS Energy Services (SBS) completed a multiphase project to decommission 29,000 feet (8,839 meters) of 10-by-6-inch (254-by-152-mm) insulated pipeline in the Gulf of Mexico (GOM) in partnership with Helix Energy Solutions, setting a new offshore snubbing unit/hydraulic workover world record.

Using Remote Monitoring to Evaluate Pipeline Lightning Immunity

While lightning itself does not cause corrosion, the damage it creates to a pipe’s walls, coatings and cathodic protection (CP) system can leave a pipeline vulnerable.

Canada’s Inter Pipeline Urges Shareholders to Reject Brookfield's Hostile Bid

Inter Pipeline Ltd asked shareholders to reject Brookfield Infrastructure Partners' hostile bid, saying the offer "significantly undervalues" the Canadian oil and gas transportation company.

Ancala Midstream Gets Lundin Energy Norway Contract for Gas Transportation, Processing

Ancala Midstream Acquisitions secured a life-of-field contract to transport and process gas from the Solveig field in the Norwegian sector of the North Sea.

Black Bear Transmission Sells Alabama Gas Gathering Assets

The asset sale consists of more than 240 miles of natural gas pipelines, 26 active metered locations, and 1 active compressor station.

Germany’s Friedrich Vorwerk Plans to Expand in Hydrogen Market

German energy infrastructure firm Friedrich Vorwerk plans an initial public offering (IPO) on the Frankfurt stock exchange in the first quarter to accelerate growth in the hydrogen market, its biggest shareholder said.

Chevron to Buy Out Noble Midstream in All-Stock $1.32 Billion Deal

Chevron Corp will buy the shares of Noble Midstream Partners LP it does not already own in an all-stock deal that values the pipeline operator at $1.32 billion, a month after making a slightly smaller offer.

Canadian Natural Resources Beats Profit Estimates

Canadian Natural Resources Ltd, Canada's biggest oil producer, beat analysts' estimates for fourth-quarter profit and forecast much stronger cash flow this year, as crude prices staged a steady recovery from pandemic-driven lows.

Ameren Upgrading Natural Gas Pipeline in Illinois

Ameren Illinois customers in Champaign will see energy at work throughout the spring and summer as crews replace vintage steel pipeline and natural gas services with modern, corrosion-resistant polyethylene material.

Max Midstream Launches Open Season on Seahawk Pipeline

Seahawk Pipeline, a subsidiary of Max Midstream, is developing a crude oil pipeline in the Eagle Ford area from its Edna Terminal to the Seahawk Terminal in the Port of Calhoun, Texas, and wants to gauge shipper interest, the company announced.

APA Launches Australia's First Hydrogen-Ready Transmission Pipeline Project

Australia’s APA Group announced a landmark hydrogen pilot project to enable the proposed conversion of 43-kilometers (26.7 miles) of Parmelia Gas Pipeline in Western Australia into Australia’s first 100 percent hydrogen-ready transmission pipeline.

Russia’s Gazprom Says LNG, Natural Gas Shouldn't Compete in Export Markets

Russia should ensure its natural gas and LNG supplies do not compete in international markets, Gazprom said, amid signs a local LNG rival is becoming increasingly important in the European market traditionally dominated by Gazprom.