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Tag: Pipeline
SUMED

Oil shipments through Egypt’s SUMED pipeline hit 18-month high in November

Posted: December 9, 2021 at 12:29 pm   /   Oil & Gas

Sumed’s oil shipments at their highest in November since May 2020, with north of 700k bbl/d of crude flowing out of the pipeline last month, data compiled by Bloomberg shows. Although this is the highest level since May 2020, it remains 150k bbl/d below pre-pandemic levels. This uptick comes 18 months after shipment activity had […]

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Snam

Snam buys 25% stake in EMG Gas Pipeline from Thai company PTT

Posted: December 5, 2021 at 9:52 am   /   Oil & Gas

Italy’s Snam steps into the EastMed: Italian energy company Snam has bought Thai investor PTT Energy Resources’ 25% stake in the the East Mediterranean Gas Company for USD 50 mn. EMG is the owner of the Arish-Ashkelon gas pipeline which Israel uses to ship gas to Egypt, the company said in a statement. The stake purchase marks the […]

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Corinth Pipeworks

New major offshore East Med project awarded to Corinth Pipeworks

Posted: April 22, 2021 at 2:03 pm   /   Oil & Gas

Cenergy Holdings SA has announced that Corinth Pipeworks S.A., its steel pipe segment, signed an agreement to manufacture and supply steel pipes to Israel Natural Gas Lines (INGL), leader in natural gas distribution in Israel, for the offshore section of a new high-pressure gas pipeline between the cities of Ashdod and Ashkelon. Chevron, having recently […]

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natural-gas-compressor

Vostock Capital Global Research Report on Compressor Station Market

Posted: March 4, 2021 at 1:09 pm   /   Oil & Gas

The Vostock Capital team has prepared a global research report dedicated to the compressor station market, which presents the following: Trends in the global compressor market Forecast for the global compressor market Global pipeline construction outlook 2021 by region Get a Free Copy of the Report Vostock Capital offers a unique opportunity to virtually visit […]

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chevron

Chevron invests $235 million in Leviathan/Tamar to Egypt gas pipeline

Posted: January 23, 2021 at 8:15 pm   /   Oil & Gas

Chevron Corp. and other companies helping to develop Israel’s natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt. The partners in the Leviathan and Tamar fields, which sit off Israel’s Mediterranean coast, signed an agreement under which Israel Natural Gas Lines Ltd. will lay a new subsea pipeline […]

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UOG Pipeline

United O&G announces completion of Abu Sennan ASH gas pipeline

Posted: January 4, 2021 at 1:10 pm   /   Oil & Gas

ASH gas pipeline completed on 27th December, contributing an additional 5.45 MMscf/d (1,090 boepd) gross Gas recovery rates improved across the Abu Sennan Licence Environmental performance enhanced across the Licence AIM-listed United Oil & Gas has announced the completion of the ASH gas pipeline in the Abu Sennan Licence, Egypt. United holds a 22% working […]

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gas-drilling

EMG gas pipeline faces ownership change as Delek plans LSE spin-off

Posted: November 30, 2020 at 12:21 pm   /   Oil & Gas

Delek Drilling to transfer ownership in Israel-Egypt gas pipeline to new company as part of LSE spin-off plan: Delek Drilling, one of the main operators of Israel’s large offshore gas fields, is planning to spin off most of its assets into a new company it will IPO on the London Stock Exchange, according to a […]

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Pipeline

Rystad expects swift recovery in offshore oil & gas pipeline market led by Middle East

Posted: October 1, 2020 at 1:27 pm   /   Oil & Gas

The global oil and gas market demand for a large-diameter offshore pipeline, known as trunkline, is set for an annual drop of 26 per cent this year, with the size of total installations forecasted to reach 2,150 kilometres (km), a Rystad Energy analysis shows. This downturn’s impact on trunkline demand is, however, lighter than that […]

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gas pipeline

Egypt and Cyprus are in “extensive discussion” on planned gas pipeline

Posted: September 1, 2020 at 12:41 pm   /   Oil & Gas

Egypt, Cyprus talking ‘extensively’ about moving ahead with gas pipeline: Egyptian and Cypriot officials are in “extensive discussions” on a planned natural gas pipeline linking the two countries, Al Mal reports, citing an unnamed government official. The construction of the pipeline is proceeding according to schedule despite the covid-19 pandemic, the official said, without mentioning […]

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Sumed

Global oil demand slump hits Egypt’s SUMED pipeline

Posted: July 28, 2020 at 2:58 pm   /   Oil & Gas

Egypt’s Sumed oil pipeline is feeling the effects of the global demand slump: Egypt’s Sumed pipeline has recently been operating at only a quarter of its capacity due to a historic slump in global demand for oil and the subsequent production cuts that were introduced in May, data compiled by Bloomberg shows. Flows through the […]

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