Saipem and Subsea7 have announced that they have reached an agreement in principle on the key terms of a possible merger of the two companies through the execution of a Memorandum of Understanding (MoU). The proposed combination is expected to create a global leader in energy services.
The acquisition includes a processing facility and a 104 mile, large-diameter, high-pressure rich gas gathering header pipeline connecting supplies from the Williston Basin area to high-demand markets.
Global oil and gas contract value remains stable despite volume decline in 4Q24, reveals GlobalData.
Kazakhstan's primary oil export route, managed by the Caspian Pipeline Consortium (CPC), was disrupted due to a drone strike.
The report reveals the challenges facing the oil and gas sector amid an ageing workforce.
The President of the Arab Republic of Egypt Abdel Fattah El-Sisi and the President of the Republic of Cyprus Nikos Christodoulides presided the signing, which took place during the opening ceremony of EGYPES, an energy event in Egypt.
President Trump has resumed LNG export approvals, which had been paused under former president Biden.
Beginning in Kingfisher County, Oklahoma and terminating near Bennington, Oklahoma, the 36 in. Midship Pipeline connects natural gas production from the SCOOP/STACK to growing Gulf Coast and Southeast demand markets via several strategic interconnects.
In a milestone for information security and operational excellence, for the company.
UK-based manufacturer secures second national accolade for groundbreaking hydrogen technology.
An investor believes the Phillips 66 midstream business could be worth more than US$60 billion if sold or spun off.
The agreement calls for Energy Transfer’s Oasis Pipeline, LP to provide up to 450 000 million Btu/d of firm natural gas supply to CloudBurst’s Next-Gen Data Center campus outside of San Marcos, Texas, subject to CloudBurst reaching a final investment decision (FID) with its customer.
Altrad has confirmed it has completed the purchase of Stork TS Holdings Limited which holds the Stork UK group of companies.
UK independent midstream operator, North Sea Midstream Partners has appointed Angela Fletcher as CEO.
Forecasted progress of the UK’s decarbonisation is impressive, with predicted reductions in greenhouse gas emissions by 58% by 2030, 68% by 2035 and 82% by 2050, against 1990 levels, but not reaching net zero.