Industry News

Iran Signs $900 Million Deal to Develop Offshore Gas Field

Under the contract, IOEC is to launch production of 28 million cubic meters per day of gas in 14 months, which is to be sent to installations in Assalouyeh on Iran's Gulf coast via a 210-km (130-mile) undersea pipeline.

AMPP Appoints Dr. Amir Eliezer as New Board Chairman

(P&GJ) — The Association for Materials Protection and Performance (AMPP), a global nonprofit representing corrosion and coatings professionals and industries in 130 countries, has named Professor Amir Eliezer, Ph.D., as chair of the board of directors. His term began on January 1, 2023.

Trinidad Hopes to Soon Begin Negotiations with Venezuela on Gas Project

Trinidad and Tobago's Prime Minister Keith Rowley on Friday told the Parliament his government had been in touch with Venezuela following a U.S. license to jointly develop a key gas field, and the first meetings to begin negotiations have been set up.

Italian Union Files Legal Complaint Against Snam's LNG Terminal Over Environmental Concerns

The Italian trade union USB filed a legal complaint against a plan by gas grid operator Snam to set up a new LNG terminal in the Tuscan port of Piombino, it said in a press release on Friday.

TotalEnergies' Head Met Mozambique President with Key Gas Project at Stake

The head of TotalEnergies met Mozambique President Filipe Nyusi on Friday to discuss the humanitarian situation in the Cabo Delgado area, where a 2021 attack on civilians led to a key LNG project being halted.

Russia's Novatek, India's GAIL Poised to Seal Gas Sales Deal

Russia's largest LNG producer, Novatek, is close to a deal to supply gas to GAIL (India) Ltd. as it seeks alternative markets to Europe, three industry sources said. The companies are negotiating the terms of a contract and could seal an agreement within a week, the sources said, adding volumes would depend on logistics, such as shipping and insurance.

ICR Integrity announces new Group Director

ICR Integrity announces the appointment of Ross McHardy as Group Director.

Velentium and ADV Integrity announce sale of oil and gas division

ADV Integrity’s acquisition enables Velentium to focus on medical device design, development, and manufacturing.

Two energy giants to explore decarbonization potential in Japan

BP and Chubu Electric Power pledge to explore possibilities for carbon capture and storage within Japan’s largest industrial ports.

FOSA files cyber risk management comments with TSA

The Fiber Optic Sensing Association files comments with the Transportation Security Administration on cyber security management.

Siemens Gamesa wins double royalties from GE as judge blasts corporate self-interest

The US-based OEM gets a court order to pay its European rival USD 60,000 per MW for patent violations on turbines selected for one of Ørsted’s US projects, rules judge, who also chastises the two corporate egos by saying the pair ought to fight climate change rather than each other.

Mild winter weather prompts slashed natural gas prices

Warm temperatures, record high gas supply and higher storage projections send natural gas prices tumbling.

Scatec exits 2022 with a new loss

Norwegian solar developer closes the book on 2022 reporting a combined loss of NOK 1bn. Conversely, Scatec notes major sales to raise capital for new investments.

RWE Offshore Wind inks multi-year deal with Ziton

The Danish wind carrier will assist the German utility in standardizing its approach to component exchanges for offshore wind farms.

Danish economist: “Market imbalances should be solved by the market”

As the EU Commission prepares its reform proposal for the union’s electricity market, a Danish economist warns that interventions in squeezed markets meant to buffer rate payers could end up costing more in the long term. 

TotalEnergies’ investments minimally impacted by Adani media storm

TotalEnergies will keep its ties to Adani Enterprises, which was accused of stock manipulation and accounting fraud in a report published by Hindenburg Research.

Clarksons banks on offshore wind with new US office

The broker firm opens a US office for offshore wind in order to launch investments in wind installation vessels on the US market, which is expected to boom in upcoming years.

Bulgaria to keep up export flows of Russian fuels to Ukraine

Derogation from EU sanctions allows for Russian fuel to keep flowing into Ukraine via Bulgaria after Feb. 5.

Ancala Midstream Acquisitions Ltd appoints new CEO

AMAL announces the appointment of Alexis Fletcher as Chief Executive Officer with immediate effect.

Rivian planning round of layoffs

The US electric vehicle manufacturer is set to reduce staff to better position themselves for a price war in the electric vehicle market.

Pipeline Operator Magellan Says Permian Crude Flows to Houston Will Rise

U.S. pipeline operator Magellan Midstream Partners LP on Thursday predicted crude oil flows from the Permian Basin will shift toward Houston as shale production rises and lines to export hub Corpus Christi fill.

Australia aims to become energy “powerhouse” for EU

Climate and energy minister says Australia is to play a leading role in the energy transformation in partnership with the EU.

Wärtsilä to supply technology for US power plant

The Finnish industrial group is hired to supply generation equipment for a peaker power plant integral to the Texas electric grid.

Shell Still Taking LNG Cargoes from Russia Under Novatek Contract

The world's largest LNG trader agreed a more than 20-year deal in 2015 for Novatek to supply around 900,000 tonnes per annum from the Yamal LNG plant in Siberia.

Enbridge Restores 1,835-Mile T-South Natural Gas Pipeline to Full Service

Canada's Enbridge Inc. has returned its T-South natural gas pipeline system in British Columbia to full service following an unplanned outage, the company said on Thursday.

Pipeline Operator Enterprise It's Says Bullish on Permian Oil Output

U.S. energy pipeline operator Enterprise Products Partners was bullish on oil production from the top U.S. shale basin, the firm said on Wednesday, predicting that international demand for U.S. oil and gas will rise.

US Senators Manchin, Cruz Float Bill to Block Gas Stove Bans

Cruz, a Texas Republican, and Manchin, a West Virginia Democrat, teamed up to float the Gas Stove Protection and Freedom Act, a bill that would prevent the U.S. Consumer Product Safety Commission from banning gas stoves.

Enagas: Number of Ships Loading LNG in Spain Doubled in 2022

The number of ships loading LNG in Spain and taking it across Europe doubled in 2022 compared with the previous year, helping ease the energy crisis driven by Russia's invasion of Ukraine, gas grid operator Enagas said on Thursday.

TC Energy: Coastal GasLink Project update

TC Energy Corporation announces updated cost estimates for the Coastal GasLink Project.

Forum unveils all new VisualDVR system

Next generation subsea survey software advances capability and user experience.

French JV forms to ease hydrogen access along Europe’s roads

A new joint partnership among TotalEnergies and Air Liquide seeks to install 100 H2 filling stations along European roadways, with special emphasis on heavy traffic. 

Belgium turned major net power exporter in 2022

France, hit hard by nuclear plants offline for repair, sourced most of its electricity last year from Belgium, which also served as a transit nation for natural gas headed to Germany.

Rovco strengthens team with strategic appointment

Rovco strengthens its senior leadership team with the appointment of Graham Bell as Head of Geoscience.

Vestager: Uncertainties cling to subsidies’ mitigation potential

Even though the EU opts for a leaning on demands for subsidizing energy and green technologies in coming years, it is unclear what investments it will spark from the business sector. Those discussions will take place among member states without ”pointing moral fingers,” says Margrethe Vestager to EnergyWatch.

Innargi inks first international contract

The Danish geothermal energy developer and extractor embarks on first project abroad in a deal with Polish utility Veolia Energia Polska.

Ørsted ready to temper offshore wind investments

Financial discipline is more important than ever before, says the utility’s CEO, who’s ready to invest more in solar power and onshore wind should the offshore variety prove too troublesome.

Join NDT Global at PPIM 2023

NDT Global are delighted to announce their attendance at PPIM 2023 in Houston, Texas.

Drilling rig company awarded with USD 392m deal for deepwater drillship

Transocean inks a 910-day contract on deepwater drilling off Brazilian coast in a deal worth USD 392m.

Shell books record profit for 2022

The British oil company reports a net result of USD 42bn for 2022 and has started to pay windfall taxes to both the EU and UK.

Siemens Gamesa ups prices amid difficult quarter

The manufacturer records major loss due to errors in installed turbines, but Siemens Gamesa should be pleased of price improvements compared to previous quarters.

EU parliament agrees to mandatory performance standards

EU Parliament opts to revamp building directive and tighten requirements for buildings’ energy performances.

New offshore partnership zeroes in on Norway

A new alliance among CIP, NorSea and Parkwind commits to boosting offshore wind farms to be installed in Norway during the next couple of years. Utsira Nord tender is first item on the docket.

EU to ease green tech subsidy rules by 2025

Major US subsidy flows prompt the EU to grant tax cuts and ease subsidy rules to promote sustainable investments in Europe.

Pipeline Operator Enterprise Says Bullish on Permian Oil Output

U.S. energy pipeline operator Enterprise Products Partners was bullish on oil production from the top U.S. shale basin, the firm said on Wednesday, predicting that international demand for U.S. oil and gas will rise.

Biden Backs Scaled-Down Version of ConocoPhillips Alaska Oil Project

President Joe Biden's administration said on Wednesday it would support a scaled-back version of ConocoPhillips' planned $6 billion Willow oil and gas drilling project in Alaska but has not yet made a final decision on the contentious proposal.

Bulgaria Begins Construction on 106-Mile Gas Pipeline to Serbia

Bulgaria began construction on Wednesday of a long-delayed natural gas link with neighboring Serbia that will allow flows of non-Russian gas to Belgrade and boost the security of supplies in southeastern Europe.

Carbon Pipeline Company Sues Iowa County Over Local Siting Ordinance

The developer of a Midwest carbon capture pipeline network has sued Shelby County in Iowa, saying its ordinance restricting the siting of hazardous pipelines is overruled by a federal pipeline safety law.

TC Energy Raises Coastal GasLink Pipeline Costs by 30% to Over $10 Billion

North American pipeline firm TC Energy Corp. said on Wednesday it now estimates costs for completion of its troubled Coastal GasLink project to be $10.89 billion, as it faces skilled labor crunch and adverse weather conditions.

KP Engineering acquired by The Shaw Group

KPE announces completed acquisition of its assets by Shaw, a leader in global pipe and module fabrication.

Success for Quorum Software’s hydrocarbon management solution

Innovation driven by global need for solutions to support LNG operations, environmental monitoring, and digital transformation in oil and gas.

Quanta opens new Aberdeen office and announces senior appointment

Specialist oil and gas engineering firm is strengthening presence in Aberdeen with the opening of a new office and the appointment of a Regional Director for Scotland.

Ørsted CEO pleased with the 2022 result, but not the earnings mix

”Our earnings mix looks quite a bit different from what we had expected,” says CEO Mads Nipper and adds that inefficient hedges are the cause.

Equinor pulls out of hydrogen and CCS project

The Norwegian oil company and partner Vår Energi have decided to withdraw from the Barents Blue project, which Horisont Energi aims to continue with new partner.

Fugro to showcase remote sensing technology at EGYPS 2023

Fugro will exhibit its innovative and patented remote sensing technology at the sixth edition of the Egypt Petroleum Show.

Orders halved in Europe’s wind industry in 2022

Wind lobby WindEurope deems the plunge in orders ”extremely worrying”.

11 wind developers back common methodology for calculating carbon footprint

Together with consultancy Carbon Trust, 11 leading developers will jointly draw up a common methodology for calculating life-cycle CO2 footprint of their offshore wind farms.

Automaker commissions Spanish solar wind farm

Automaker Ford opens solar wind farm next to its existing Spanish plant. Farm is already producing 4,6 GWh a year.

Ørsted suffers Q4 loss while booking strong full-year profit

The Danish utility books a loss on the bottom line in the fourth quarter, but nevertheless records a full-year profit while paying out record sums to shareholders.

Aker Carbon Capture inks PtX deal in Finland

The Norwegian company is conducting a pre-engineering study for developing a carbon capture facility in connection with a methanol plant in Finland.

Marathon Petroleum’s Q4 earnings surpassed forecast

The US oil refinery operator nearly quadrupled earnings in the last quarter of 2022.