The North Sea will see a rise in infrastructure deals this year, with private equity funds playing an increasing role in midstream assets, according to business advisory firm Deloitte. Against the backdrop of a low oil price, more oil and gas companies are looking to rationalise their portfolios and divest non-core assets in the UK… Continue Reading »
Italian contractor Saipem has been awarded new E&C (Engineering & Construction) contracts valued at approximately €430 million ($487 million). The first is a contract with Statoil, for the lift and mating operations of offshore floating wind turbines for the Hywind Scotland project. The 30 MW project is the first floating wind farm being built by Statoil off… Continue Reading »
U.S. Democratic presidential candidate Bernie Sanders on Monday said he opposes a proposed natural gas pipeline between Pennsylvania and New York and called on New York officials to reject the project. “The possibility of methane leaks from the proposed Constitution Pipeline would be catastrophic to our air and our climate – and if this pipeline… Continue Reading »
IRM Systems (IRMS), the independent authority in emergency pipeline repair, has introduced its new method of maintaining critical pipeline valves. Reportedly, the Valve Integrity Management Solution (VIMS) was developed to help maintain pipeline valves to performance standards and criteria that can save up to 70% in lost production, excluding the substantial cost of associated labour, equipment… Continue Reading »
Saipem has been awarded a new contract regarding the offshore section of the Trans Adriatic Pipeline project. The contract has been awarded by Trans Adriatic Pipeline AG, a joint venture between BP, SOCAR, Snam S.p.A., Fluxys, Enagás and Axpo. The EPCI contract (Engineering, Procurement, Construction and Installation) involves the installation of a gas pipeline between… Continue Reading »
WorleyParsons has been awarded a five year contract for Engineering, Procurement and Construction Management (EPCm) services for BP-operated assets in Azerbaijan, Georgia and Turkey. Under the agreement, WorleyParsons will provide EPCm services primarily to BP-operated Sangachal Terminal and pipeline systems in Azerbaijan, Georgia and Turkey. The Sangachal terminal receives, processes, stores and exports crude oil and gas… Continue Reading »
Marathon Oil Corporation said on Monday it had signed agreements to sell non-core assets for $950 million, bringing its total sales through divestitures to about $1.3 billion since last August. The oil and natural gas producer, which did not identify the buyers, said it will divest all of its Wyoming upstream and midstream assets for… Continue Reading »
Bibby Offshore has secured a contract with a North Sea operator, to deliver decommissioning operations in the Northern North Sea East Shetland Basin. The company will utilize one of its construction support vessels for the project, due to start in Q2 of 2016 and be completed by the end of 2016. Bibby Offshore will carry out remedial rock… Continue Reading »
Nigeria has arrested a person suspected of having bombed an oil pipeline belonging to Italy’s ENI in the southern Delta region, the commander of a state security force said on Wednesday. The attack was one of the worst in recent weeks in the impoverished swampland, where tensions have been building since authorities issued an arrest… Continue Reading »
Harkand, an inspection, repair and maintenance (IRM) company, has secured a scope of work with TAQA in the North Sea. The company’s Aberdeen office will deliver a pipeline inspection campaign across TAQA’s fields in the Northern and Central North Sea. The campaign is expected to get underway in summer 2016 and will include project management and… Continue Reading »
