Business news

Vallourec announces the signing of a MoU with Advanced Supply Management Operations (ASMO), a joint venture between DHL and Aramco.

In all, the company successfully completed more than 3800 welds on two 20.8 km and one 5.5 km pipelines.

The MoU promotes developing new gas infrastructure for Elixir’s Taroom Trough gas resources.

The transaction is expected to close late in 4Q24.

Martin Midstream Partners LP has announced its financial results for 3Q24.

As part of the transaction, the Company has entered into a new agreement for a super-priority revolving credit facility of US$125 million due 2029, undrawn at close.

Sonatrach, Sonelgaz, VNG, Snam, Seacorridor and Verbund Green Hydrogen have signed a Memorandum of Understanding in order to conduct studies to assess the viability and profitability of an integrated project for the production of green hydrogen in Algeria.

The acquisition consists of 43% of EnLink's outstanding common units for US$14.90 per unit and 100% of the interests in the managing member for US$300 million.

A statutory consultation will run from 14 October until 19 November, 2024, and will include eight in-person consultation events across the project area, along with two online events.

PetroChina Canada will no longer be a committed shipper on the Trans Mountain oil pipeline after assigning its contracts to another party, reports Reuters.

Gas from the Breagh field is exported through the 110 km Breagh pipeline to TGPP – which is owned and operated by NSMP – where gas is processed and delivered into the National Transmission System.

Baker Hughes, an energy technology company, has announced its largest order ever of Integrated Compressor Line (ICL) units with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to enhance the reliability of energy supply and support local decarbonisation efforts.

Trans Mountain has entered into an agreement with Hifi Engineering to deploy fibre optic network for monitoring and leak detection on the Trans Mountain Expansion Project.

Energy related emissions are at the cusp of a prolonged period of decline for the first time since the industrial revolution says DNV’s Energy Transition Outlook.

Enbridge Inc., in collaboration with Microsoft, is utilising artificial intelligence (AI) to drive advancements in safety, emissions reduction, and asset optimisation across its operations.