News

BP awards Shah Deniz-2 contracts

The Shah Deniz consortium announced the award of a $1.5bn contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 to a consortium comprising BOS Shelf, Saipem Contracting and Star Gulf FZCO. The scope of work is for the management and operation of the new-build subsea construction vessel (SCV) Khankendi for the transport and installation of the deeper water subsea production systems and subsea structures at all five flanks of the ...

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Seoul-Tehran eye pipeline cooperation

KOGAS has agreed to engineer and launch Iran

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Route chosen for Uganda oil pipeline

Uganda will build a pipeline for its oil through Tanzania rather than Kenya. Land-locked Uganda, which found oil in a western region around Hoima, announced last year that it would build a pipeline through Kenya, linking its fields to Kenyan discoveries in Lokichar and on to Lamu on Kenya’s north coast. But in March, this year Uganda changed tack, saying it was now planning a pipeline from Hoima to Tanga on Tanzania’s coast. The summit of the ...

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Kinder Morgan shelves $3 billion pipeline project

The energy giant Kinder Morgan Inc. has pulled the plug on its controversial natural gas pipeline proposed through parts of Massachusetts and Southern New Hampshire, after failing to sign up enough utility customers and facing stiff consumer and political opposition. Kinder Morgan said on Wednesday that its Northeast Energy Direct project didn

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Eni to sell shares in its Zohr gas field

Industry sources state that Lukoil is set to buy stake in Zohr Italian energy group Eni is planning to sell a 20 per cent stake in the Zohr gas field development in Egypt to Russian oil and gas producer Lukoil, according to reports in the Italian press. Eni discovered the supergiant offshore gas field in August 2015 and recently ran its first successful production test at the asset, which is the largest gas discovery ever made in the Mediterranean. ...

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Palmetto Pipeline project suspended

Plans for a $1 billion underground fuel pipeline that would run from Belton in South Carolina to Savannah, Georgia, and Jacksonville, Florida have been suspended. The Palmetto Pipeline project was stymied by

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Iran set to seal petchem deal with Total

Iran says it expects to finalize talks with the French energy giant Total over the development of a major petrochemical project in the near future. Amir-Hossein Fallah, the director for investment affairs of the National Petrochemical Company (NPC), has been quoted by the media as saying that a top-level delegation from Total will visit Tehran in late April to finalize the text of a deal over the project to construct a petrochemical plant in the country. Total and ...

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Keystone Pipeline spill estimated at 400 barrels by TransCanada

TransCanada Corp. (NYSE: TRP) said on April 7 about 400 barrels (bbl) could have spilled in South Dakota from its 590,000 bbl/d Keystone crude oil pipeline. The company said it provided the spill volume estimate to regulators in the morning on April 7 based on the excavation of soil to expose over 100 feet of pipe while it continues to investigate the source of the spill. The line, which delivers crude from Hardisty, Alberta, to Cushing, Okla., and ...

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