Eni announced its acquisition of Export LNG Ltd, the company that owns the Tango FLNG floating liquefaction facility. The facility will be used by Eni to develop natural gas in the Marine XII block in the Republic of Congo, as part of Eni's strategy to leverage gas equity resources.
The Tinrhert EPC2 Development Project in Algeria has been awarded to Petrofac's consortium with Genie Civil et Batiment (GCB). Petrofac's share of the contract is approximately US$200 million, valued at approximately $300 million.
bp and Eni jointly announce the establishment of Azule Energy, a 50/50 joint venture combining the two companies' Angolan businesses.
bp announced plans to invest up to £50 million (about $60 million) in a brand-new, cutting-edge analytical laboratory and electric vehicle (EV) battery testing facility in the UK. The UK's energy system will receive up to £18 billion in new investments from bp by the end of 2030; this additional investment is another another sign of BP's dedication to the nation.
Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the positive results achieved from merging 3 natural gas delivery companies into one strong entity illustrate the extent to which the vision of the Modernization Program in the petroleum sector that was launched in 2016 is foreseen for the future and the challenges.
A strategic partnership between Iberdrola and bp was announced today to accelerate the energy transition. As part of their collaboration, the companies plan to significantly expand fast EV public charging infrastructure and develop large scale green hydrogen production hubs in Spain, Portugal, and the UK.
Today, Shell USA and Shell Midstream Partner announced that they had signed a definitive agreement and plan of merger (collectively, the "Transaction"); according to this agreement, Shell USA will purchase all of the common units that the general public holds that represent limited partner interests in SHLX (the "Public Common Units") for a price of $15.85 per Public Common Unit, or roughly $1.96 billion.
Siemens Energy handed over Canadian documentation to Gazprom so that turbines for Nord Stream 1 could be transported, The Russian newspaper Kommersant reported .
Despite the repercussions of the Corona virus and the current Russian-Ukrainian crisis and its direct impact on the global economy, and within the framework of the state’s plan to expand the use of natural gas and replace it as an alternative to liquid petroleum products to reduce the financial burdens borne by the state budget, the natural gas delivery program was implemented during the year 2021/2022 for 1.2 million housing units.
If the oil and gas industry to humanity can be thought of as the heart of the body, then the pipeline industry is an intricate network of blood vessels that feeds humanity’s energy needs. When one or the other fails, the results can be cataclysmic. Energy security can only be realized through excellence in asset protection, which is at the center of all the global environmental and economic challenges that humanity has had to address for many years. Asset protection is also a foundational element in maintaining the integrity of the infrastructure that keeps the oil and gas industry running like clockwork which will ultimately determine the well-being of human communities and ecosystems alike. The pipeline industry is a fundamental part of this process, ensuring that essential hydrocarbon resources reach their markets without inflicting damage.
