Company News

ABB Leak Detection, Greenhouse Gas Measuring System Can Help Satisfy PIPES Act

HoverGuard can help operators of USA’s three million miles of pipeline infrastructure increase their safety and environmental capabilities in line with the USA 2020 PIPES Act, the company announced.

Industry Group Says Biden’s Infrastructure Plan Misses Opportunity for Pipelines

U.S. President Joe Biden plans to pay for his $2 trillion infrastructure plan with higher corporate taxes, which is facing criticism from Republicans and industry support groups including the American Petroleum Institute who say it will kill jobs.

Russia's Transneft Posts 26% Fall in 2020 Net Profit

Russian oil pipeline monopoly Transneft's net profit fell by 26% last year to 133.2 billion roubles ($1.8 billion) as lower volumes of oil were transported amid global production cuts and the COVID-19 pandemic.

Annova Cancels Texas LNG Export Facility Project

Annova LNG announced the immediate cancellation of its liquified natural gas (LNG) export facility under development in Brownsville, Texas, due to changes in the global LNG market.

INEOS Energy to Sell Norwegian Oil and Gas Business to PGNiG for $615 million

INEOS Energy has agreed to sell its Norwegian oil and gas business to Poland's PGNiG Upstream Norway AS for $615 million.

Saudi Aramco Sends Request for Pipeline Deal Financing

Saudi Aramco has sent a request for proposals to banks for financing it wants to offer to investors looking to lease its pipelines, three sources said, a sign the oil giant is progressing with plans to extract value from its assets.

Top U.S. Gas Utility Sets Net Zero Emissions Goal for 2045

Southern California Gas Co, the largest U.S. gas distribution utility, set a target to achieve net zero greenhouse gas emissions by 2045, aligning with the state's target to become carbon-neutral within 25 years.

Lucid Energy Commissions Cryogenic Processing Plant in the Delaware Basin

The Red Hills V plant has the capacity to process 230 million cubic feet of natural gas per day (MMcf/d) and brings the total capacity of Lucid’s natural gas processing franchise in the northern Delaware Basin to 1.2 billion cubic feet per day.

Baker Hughes Flexible Pipe Technology Should Overcome Challenges of Pre-Salt Subsea Developments

Baker Hughes reached a significant technology milestone in pioneering a solution to overcome flexible pipe stress corrosion cracking (SCC) tendencies in high CO2 content fields, such as those found in Brazil’s pre-salt offshore developments.

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.

Enbridge Asks Canada for Support of Oil Pipeline in Dispute with Michigan

Enbridge Inc asked the Canadian government to champion its Line 5 oil pipeline in a legal battle with the state of Michigan, which is trying to shut down the pipeline over concerns it could leak into the Great Lakes.

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.

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.

Companies in the News March 2021

The Collins Companies, one of the largest privately held industrial distributors of pipe, valves and fittings (PVF) and engineered specialties serving the Northeast, announced it has acquired the assets of Niagara Controls in Buffalo, N.Y. and consolidated its management with Collins’ Niagara Divisi..

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..

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.

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.

Duke Energy Begins Replacing Aging Gas Pipeline

Construction got underway on the 12-mile Central Corridor replacement pipeline designed to run though Hamilton County, Ohio, which is in the southeast corner of the state and contains the city of Cincinnati.