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LineStar Integrity Announces Acquisition Of Remote Operations Center

LineStar Integrity Announces Acquisition Of Remote Operations Center

July 22, 2019 No Comments

LineStar Integrity Services LLC (“LineStar”), a leading provider of pipeline integrity, maintenance and repair services, today announced that it has completed the acquisition of Remote Operations Center, LLC (“ROC”) and The Compliance Group, Inc. (“CGI”). LineStar is a portfolio company of First Reserve, a leading global private equity investment firm exclusively focused on energy. The […]

Trudeau Declares Climate Emergency… Then Approves Major Oil Pipeline

Trudeau Declares Climate Emergency… Then Approves Major Oil Pipeline

June 21, 2019 No Comments

Canada declared a national climate emergency on Monday. The next day, Prime Minister Justin Trudeau gave the greenlight to a massive oil sands pipeline. The House of Commons, with strong support declared climate change a “real and urgent crisis.” A week before, Justin Trudeau proposed a ban on single-use plastics, which, if implemented, would be the latest in a […]

Phillips 66 and Plains All American Announce Strategic JV

Phillips 66 and Plains All American Announce Strategic JV

June 11, 2019 No Comments

Phillips 66 (NYSE: PSX) and Plains All American Pipeline (Plains) (NYSE: PAA) announced that they have formed a 50/50 joint venture, Red Oak Pipeline LLC, and are proceeding with construction of the Red Oak Pipeline system (Red Oak). The pipeline system will provide crude oil transportation service from Cushing, Oklahoma, and the Permian Basin in […]

NNPC Posts $490.03 million Export Sale of Crude Oil and Gas

NNPC Posts $490.03 million Export Sale of Crude Oil and Gas

May 31, 2019 No Comments

The Nigerian National Petroleum Corporation (NNPC) posted a total export sale of crude oil and gas of $490.03million in February 2019 which is 32.45 per cent higher than the previous month’s sale. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release of the February 2019 edition of the corporation’s Monthly […]

EIA Lists Liquids pipeline projects

EIA Lists Liquids pipeline projects

May 29, 2019 No Comments

This spreadsheet contains detailed information on liquids (crude oil, petroleum products, and hydrocarbon gas liquids) pipeline projects that are completed (since 2010), under construction, or announced. The data are not collected on an EIA survey, but rather the data are compiled from various sources including trade press, pipeline company websites, and government agencies. These data […]

Seplat Announce consolidated interim financial results for the three months ended 31 March 2019

Seplat Announce consolidated interim financial results for the three months ended 31 March 2019

April 30, 2019 No Comments

Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), announced its first quarter results. Information contained within this release is un-audited and is subject to further review. Financial performance summary Revenue of US$160 million (2018: US$181 million) and gross profit of US$81 million (2018: US$93 million) represents a 51% gross profit margin (unchanged year-on-year); Revenue […]

Nigeria: Aiteo declares force majeure on oil supply from Bonny Light pipeline

Nigeria: Aiteo declares force majeure on oil supply from Bonny Light pipeline

April 23, 2019 No Comments

Aiteo Eastern Exploration and Production has declared force majeure on crude oil supply through Nigeria’s 150,000 b/d Nembe Creek Trunk Line, a key oil pipeline connected to the Bonny terminal, after a fire broke out at the facility on Sunday Investigations on the cause of the fire are ongoing, but Aiteo said it suspected sabotage. […]

PETRONAS Well-Positioned to Meet Rising LNG Demand

PETRONAS Well-Positioned to Meet Rising LNG Demand

April 10, 2019 No Comments

PETRONAS, with its growing portfolio of LNG supply sources in Malaysia, Australia, Egypt and soon in Canada, is well-positioned to provide clean energy through its flexible and innovative LNG solutions to existing and new demand markets, as well as to emerging trading hubs. PETRONAS President and Group Chief Executive Officer Tan Sri Wan Zulkiflee Wan […]

INEOS to invest £1 Billion in UK

INEOS to invest £1 Billion in UK

March 19, 2019 No Comments

INEOS is to invest £1 billion in the UK in multiple projects designed to ensure its British assets stay world class for a generation. The biggest investment being announced is in the Forties Pipeline System (FPS). This £500 million investment will transform the asset and extend the life of the pipeline by at least twenty […]

34 Per cent Increase in Pipeline Breaches Nationwide – NNPC

34 Per cent Increase in Pipeline Breaches Nationwide – NNPC

March 18, 2019 No Comments

There appears to be no let-up in the activities of vandals who in December last year pushed pipeline breaches across the Country by a whopping 34 percentage point, NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, stated this in a release Sunday in Abuja. Ughamadu said the upward swing in the breaches […]

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