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Pipeline incidents in the USA totaled 293 last year, down 112 and with 16 percent fewer occurrences affecting people or the environment over the past five years, according to a joint report by the American Petroleum Institute (API) and the Liquid Energy Pipeline Association (LEPA) Monday.
Several European countries have announced new LNG projects or the expansion to existing ones in response to the shutdown of Russian gas pipelines. The scramble to cover future energy needs, however, puts European countries at risk of wasting colossal sums of money, according to the Institute for Energy Economics and Financial Analysis.
Spanish gas grid operator Enagas said on Tuesday it expects to invest 4.76 billion euros ($4.77 billion) by 2030 on projects to ensure security of energy supply and decarbonisation. Under its strategic plan to 2030, the company aims to spend nearly 2.8 billion euros on projects including gas infrastructure, renewable hydrogen and biomethane production. When interconnector projects such as an underwater gas pipeline between Spain and Italy and a gas link between Spain and Portugal are added, the total investment sum comes to 4.76 billion euros, Enagas said.
The biggest single pipeline carrying Russian gas to Germany starts annual maintenance on Monday, with flows expected to stop for ten days, but governments, markets and companies are worried the shut-down might be extended due to war in Ukraine. The Nord Stream 1 pipeline transports 55 billion cubic metres (bcm) a year of gas from Russia to Germany under the Baltic Sea. It will undergo maintenance from July 11 to 21.
According to preliminary readings from CME Group for crude oil futures markets, traders added around 18.3K contracts to their open interest positions on Thursday. Volume, instead, shrank for the second session in a row, this time by nearly 96K contracts.
Talks of a natural gas pipeline from Israel to Europe could be rekindled to provide the continent with an alternative to Russian gas amid Putin's invasion of Ukraine, Chevron CEO Michael Wirth said at the CERAWeek conference in Houston on Monday.
The undersea pipeline directly links Russian gas to Europe via Germany and is complete but not yet operating.
Apart of a gas pipeline near Luhansk, one of the main cities in Ukraine's breakaway region of the People's Republic of Luhansk, caught fire late on Friday after a blast, Russian news agencies reported, citing correspondents on the ground.
NEW YORK, Jan. 24, 2022 /PRNewswire/ -- The oil and gas pipeline and transportation automation market is set to grow by USD 742.43 million, progressing at a CAGR of 1.72% from 2020 to 2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
"A Turkish state-run petroleum firm has cut off the flow of oil from the Kirkuk-Ceyhan pipeline following a mysterious explosion and the resulting blaze, with the aftermath reportedly caught in images circulating online. The explosion rocked a section of the pipeline in Turkey’s southeastern province of Kahramanmaras on Tuesday night, about 108 miles (175km) from the line’s terminal in Ceyhan, BOTAS Petroleum Pipeline Corporation said in a statement. The cause of the blast remains unclear."
A pipeline ruptured a few hundred feet from the Mississippi River in New Orleans last month, spilling more than 300,000 gallons of oil, and reports of the spill are only now being discovered. The oil spill stemmed from a pipeline operated by Collins Pipeline Co. and was discovered on Dec. 27 near a levee in St. Bernard Parish, just east of New Orleans, according to The Associated Press. More than 300,000 gallons of diesel fuel were spilled, contaminating soil and creating a pool of diesel in an environmentally sensitive area a few hundred feet from the Mississippi River.
NOV’s Grant Prideco business unit recently launched a line of drill pipe grades to help mitigate sour service failures related to sulfide stress cracking (SSC) in complex wells and acid gas-bearing formations. The new H2Shield grades were designed to provide strength and durability in harsh, sour drilling environments, delivering maximum mechanical performance without sacrificing H2S resistance. Offered as a smaller portfolio, the H2Shield line will simplify customers’ drill string selection, allowing them to select the right grade to achieve optimum performance in their sour service application.
Iran said it will soon export oil from a new port that allows it to bypass the Strait of Hormuz, as nuclear talks between Tehran and other world powers show signs of progress. The pipeline will be officially opened by President Hassan Rouhani in the near future, Karbasian said, without giving a timeframe or stating how much oil will initially be exported.
Oil prices today are experiencing a lift on positive demand outlooks released by OPEC and IEA, which both came out with a similar consensus that oil demand will average 96.4 million bpd in 2021, a bullish tune for traders who have pushed Brent front-month contracts towards $69 per barrel. The IEA, in particular, warned that demand will outpace supply, a risk that Rystad Energy also sees as a real possibility, especially as vaccination campaigns allow for more sustained economic reopenings. However, given the demand dent in India as well as the potential impact of the Colonial closing on US refinery runs, we believe 2021 oil demand will likely average 94.6 million bpd.
North America's biggest petroleum pipeline is in a race against time to overcome a cyberattack that's frozen fuel shipments before regional reserves of gasoline, diesel and jet fuel run dry. Colonial Pipeline said segments of its Texas-to-New Jersey line are being brought back online. The conduit has been shut down since late Friday, prompting frenzied moves by traders and retailers to secure alternative supplies. The pipeline hasn't suffered any physical damage and no fuel shortages have been detected, a White House official said.
Saudi Arabia is celebrating one of the biggest foreign-investment windfalls in its history after netting more than $12 billion by selling off a stake in the oil pipelines that traverse the desert kingdom.But the country may also be facing an uncomfortable reality as a result. As carefully cultivated relationships with firms such as BlackRock Inc. and SoftBank Group Corp. have yet to draw in the desired investment, it’s turning to the jewels of its energy industry to attract new money.
Uganda, Tanzania and French oil company Total are set to sign agreements Sunday on building a heated pipeline to carry crude oil from western Uganda to the Indian Ocean coast. Construction of the pipeline, which would be the world's longest at 897-miles, is expected to begin this year. Tanzania's new leader, President Samia Suluhu Hassan, is in Uganda to sign the documents, perhaps her most important executive action since her inauguration last month.
ClassNK developed the guidelines which establish requirements related to the equipment and basic items that are generally required for the operation of these ROV/AUV, as well as precautions and safety measures, based on the knowledge obtained through demonstration experiments with experts and companies making advanced efforts.In recent years their utilization as a means for maintaining offshore wind power generation facilities and pipelines has been steadily increasing.