China took a major step in the reform of its national oil and gas pipeline network, with newly formed PipeChina agreeing to buy pipelines and storage facilities valued at 391.4 billion yuan ($55.9 billion).Under the deal, PipeChina, known formally as China Oil and Gas Pipeline Network…
Neptune Energy installed subsea oil and gas production flowlines and gas lift flowlines for its Duva & Gjøa P1 developments in the Norwegian sector of the North Sea.The company said Thursday it had sped up key elements of the development schedule of the subsea tiebacks…
The first onshore line of TurkStream, the pipeline that carries Russian gas to Turkey, will undergo maintenance from July 27 to Aug. 10, operating company BOTAS said on Tuesday.The pipeline project, stretching 930 km (580 miles) across the Black Sea…
Romania's gas grid operator Transgaz will likely finalize work on a European Union-backed pipeline this year, but with no progress on tapping offshore gas reserves it may have little to transport, an energy regulator said on Tuesday.The pipeline to connect Bulgaria…
Subsea technology and services company, Cortez Subsea has reported it has completed the first-ever subsea pipeline using NOV's Zap-Lok mechanical connector, offshore Malaysia.The company says the technology enables faster and cheaper completion of subsea pipelay…
The Israeli government on Sunday approved an agreement with European countries for the construction of a subsea pipeline that would supply Europe with natural gas from the eastern Mediterranean.The Eastmed pipeline, which has been in planning for several years…
French energy company Total is seeking to sell its 25.7% stake in the Shearwater Elgin Area Line (SEAL) natural gas pipeline in the British North Sea, industry sources said.The sale could raise about $200 million, one of the sources said.Total…
The number of drilled oil and gas wells this year is expected to reach about 55,350 this year, the lowest since at least the beginning of the century, Norwegian energy industry intelligence firm Rystad Energy said. The demand for drilling equipment is also down…
Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisors for multi-billion dollar deals transferring key oil and gas pipeline assets into a national energy infrastructure giant, four sources said…
Nord Stream 2 AG, Russia's Gazprom-led company building the Nord Stream 2 gas pipeline in the Baltic Sea, has been granted permission from the Danish authorities to use pipelaying vessels with anchors instead of the dynamic-positioning ones…
Subsea 7 has said it has been awarded a sizeable contract for work in the Gulf of Mexico with an unnamed client.Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.The scope of work includes engineering, procurement…
Norwegian energy giant Equinor said Wednesday it would build a gas-to-hydrogen plant in the UK in combination with carbon capture and storage. The captured carbon would be stored in offshore storage in the North Sea. Equinor said the facility…
Oslo-listed offshore installation giant Subsea 7 will be responsible for the delivery and installation of subsea pipelines and umbilicals at Aker BP's recently sanctioned Hod field development project, in the North Sea offshore Norway.Aker BP…
Abu Dhabi National Oil Company (ADNOC) said on Tuesday it had signed a $10 billion gas infrastructure deal with a consortium of investors, while its chief executive told Reuters the company would keep a tight lid on costs amid low oil prices…
Norwegian oil and gas company Equinor has awarded oilfield services provider Technip two contracts and a letter of intent worth up to NOK 1.8 billion ($187,1 million).Under the contracts and the letter of intent, TechnipFMC will provide pipelaying…
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