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Oil and gas engineering group Penspen has been awarded a contract by the Asian Development Bank (ADB) to carry out a technical feasibility study for a proposed 1820 km, 56 in. diameter pipeline from Turkmenistan

Interim CEO of Sonatrach, Sa

Kashagan, the world’s most expensive oil project, will have to spend another up to $3.6 billion to replace leaking oil and gas pipelines, which also could delay the restart of production, the Kazakh energy ministry said. Production at the Kashagan reservoir, the world’s biggest oil find in recent times, started in September last year but was halted just a few weeks later after the discovery of gas leaks in the $50 billion project’s pipeline network. Replacing the pipelines ...

Fundraising to begin building the subsea stretch of the South Stream gas pipeline from Russia across the Black Sea has been postponed until the first quarter of 2015, Russian news agency Interfax has said. A source at gas exporter Gazprom, which owns half the project, said the schedule had been pushed back from December, Interfax said.

China National Petroleum Corp (CNPC) has received government approval for the design of the Chinese section of a giant pipeline that is due to ship $400 billion worth of Russian natural gas to China, the company said on Thursday. China and Russia signed in May a gas supply deal, securing the world’s top energy user a major source of fuel and opening up a new market for Moscow as it risks losing European customers over the Ukraine crisis. ...

The decision to fund an alternative gas pipeline through Poland and Lithuania is enormously important for Latvia, as it will end the country’s energy dependence and create an actual alternative for gas supply, Prime Minister Laimdota Straujuma (Unity) said in a press release today. Economy Minister Vja?eslavs Dombrovskis (Reform Party/Unity) agrees, saying that « Latvia currently stands on an « energy island »; we have access to only one gas pipeline, and a regional inter-connection is the only feasible solution, which will ...

More oil is flowing through the U.S. network of pipelines as it expands to accommodate a flood of crude coming out of U.S. wells today. Some 192,400 miles of pipelines ferried crude oil, refined petroleum products and natural gas liquids across the country in 2013, marking a 9.3 percent increase in overall mileage from 2008, according to a new report from the Association of Oil Pipe Lines and the American Petroleum Institute. And last year nearly 15 billion ...