Tenaris Acquires isOplus’ Oil, Gas Division with USD 10 Million Investment, Expands Line Pipe Coating Business
Tenaris acquired isOplus’ oil and gas division, under the name of Tenaris Coating Italy, with a USD 10 million investment. As per Mr. Andrea Previtali , Tenaris Vice President Line Pipe and Process, and President of the newly acquired company, this investment enhances Tenaris’ value proposition in the offshore market. Jul 3, 2023 Tenaris has […]
Liberia, Côte d’Ivoire, Guinea, Benin Sign MoU to Join 7,000 Km Nigeria-Morocco Gas Pipeline Project
Liberia, Côte d’Ivoire, Guinea, and Benin have signed an MoU with Nigeria and Morocco, becoming the newest countries to join the flagship 7,000 km gas pipeline project stretching from Nigeria to Morocco. This signing brings the total number of participant countries to 11. The project is expected to provide large-scale contribution to the socio-economic development […]
Bosnia-Herzegovina Reach Consensus to Begin Negotiations On Gas Pipeline From Russia
Mr. Dusko Perovic, the head of Republika Srpska’s mission in Russia, has reportedly shared that Bosnia and Herzegovina’s council of ministers has agreed to begin negotiations on building a gas pipeline to ship gas from Russia. May 22, 2023 Head of Republika Srpska’s mission in Russia, Mr. Dusko Perovic has reportedly stated that Bosnia and […]
Natural Gas Pipeline Construction from Israel to Cyprus Agreed Upon
The Energy, Commerce and Industry Minister of Cyprus, recently shared that Israel and Cyprus have agreed to build a natural gas pipeline for natural gas transport from Israel to Cyprus. As per reports, Israel and Cyprus have discovered extensive natural gas fields in their adjoining EEZs in the eastern Mediterranean and the pipeline would be […]
Siberia-China Gas Pipeline Project; China Yet to Commit Explicitly
The Russian Prime Minister, Mr. Mikhail Mishustin, recently attended a summit in Beijing and met with the Chinese President, Mr. Xi Jinping to get an explicit agreement from China for the Siberia-China gas pipeline. May 25, 2023 Mr. Mikhail Mishustin, the Russian Prime Minister, met Mr. Xi Jinping, the Chinese President, during a summit in […]
Nigeria: Over USD 1.1 Billion Invested for Ajaokuta-Kaduna-Kano Gas Pipeline Project
Nigerian National Petroleum Company (NNPC) has already spent over USD 1.1 billion for the construction of the AKK Gas Pipeline and Station project. The project on completion shall transport 2 billion cubic feet of gas. The Nigerian National Petroleum Company (NNPC) Limited has spent over USD 1.1 billion towards the under-construction Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline […]
Nigeria-Morocco 5,600 Km Long Gas Pipeline Project Estimated at USD 25 Billion
Nigerian National Petroleum Corporation will buy a 50% stake in the USD 25 billion Nigeria-Morocco gas pipeline project. The pipeline shall be the world’s largest offshore project spanning 5,600 kilometers. The Nigerian National Petroleum Corporation (NNPCL) will invest USD 12.5 billion to secure a 50 percent stake in the USD 25 billion Nigeria-Morocco gas pipeline […]
Iran’s 200 Km Gas Pipeline will Boost Energy Exports to Oman
Iran has commissioned a 200 kilometers gas pipeline for its coastal areas alongside the Sea of Oman. The pipeline sources energy from South Pars and will help Iran set up energy-based bilateral trade relations with Oman. Iran is set to commission a 200 kilometers gas pipeline from Minak to Kuhmobarak. The pipeline will source its […]
US Govt Declares USD 196 Million Grants to Revamp Gas Distribution Pipelines
The US Government has announced USD 196 million in grants for the repair, replacement, and rebuilding of 270 miles of gas distribution pipes. 37 projects will receive funding over the course of five years. Mr. Pete Buttigieg, the US Transportation Secretary, along with the US Pipeline and Hazardous Materials Safety Administration (PHMSA) has announced the […]
India Leads USD 533.6 billion Global Gas Pipeline Development; 14,300 km of Pipelines in Construction
According to a recent survey, India and China are leading the global gas pipeline development with a total estimated cost of USD 533.6 billion in capital expenditure, building more gas transmission pipelines than the rest of the world combined. The two countries are reported to be leading a 9 percent year-on-year increase in the length […]
