A team led by engineering firm Forth has worked for the past two-and-a-half years on the creation of FSWBot, an innovative friction stir welding robotic crawler devised for internal repair and refurbishment of pipelines, and they are now looking for assistance to help bring the working prototype to the commercial stage. The FSWBot is being […]
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Onshore pipeline project costs to increase by 4%-6% by end-2022
Prices of raw materials, transportation, and labor costs are behind the expected increase
The costs associated with onshore pipeline projects are likely to increase by between 4% and 6% globally by the end of 2022 against current levels, a Rystad Energy analysis reveals, as prices continue to surge for labor, raw materials and transportation. Materials in particular – which account for 30%-40% of the total cost for a […]
Posted inExploration & Production
Power mix transition drives growth for gas demand
Diversification of the energy mix by including renewable resources presents opportunities to the region
Posted inExploration & Production
Oil fluctuates as traders weigh US gasoline stocks against overall demand forecast
Oil prices recovered early losses today as the market opted to keep levels above $70 dollars, weighing the positive overall demand forecast against a gasoline stocks build in the US and a return of Libyan production
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Pipeline specialist STATS Group bolster Qatar base
STATS Group supplies pipeline isolation and intervention equipment to major Qatari operators
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Iran to start bypassing Strait of Hormuz in June with new pipeline
NIOC says that the pipeline and terminal are part of a national strategic plan and will guarantee the continuation of Iran’s crude oil exports
Posted inExploration & Production
Natural gas plays central role in path to net zero emissions
The Gas Exporting Countries Forum (GECF) believes that natural gas, as an abundant, affordable and clean hydrocarbon source, has a central role to play in the energy transition movement
Posted inExploration & Production
Gas production boom in Sub-Saharan Africa weighs on volatile grounds
While there is great potential for gas, it hangs on mega projects getting the green light and suppressing civil unrest and instability
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Why the cyberattack targeted the Colonial Pipeline, and why now
Find out why the cyberattack on Colonial Pipeline will have broad implications on how the energy industry defends and responds to future incidents.
Posted inExploration & Production
Oil rises on positive demand outlook and US pipeline headache
Oil prices rose today as the market focused on positive demand forecasts for the year and as the Colonial pipeline headache still takes some time to be resolved