1.American Petroleum Institute (API) starts new pipeline certification program
American Petroleum Institute (API) has launched a new pipeline testing program to help improving the safety of pipeline operators.The new long seam pipeline (LSP) certification program will set standards for pipeline technicians to ensure that they are qualified and comply with the state-of-the-art technology required for field testing of pipelines using state-of-the-art non-destructive testing (NDE), a non-invasive analytical technique to assess the integrity of the pipeline without damaging the pipeline itself.
2.EPC contract awarded by venture global LNG to Louisiana LNG Export facility
Venture global LNG announced that KBr has been awarded the design, procurement and construction (EPC) contract as the prime contractor for phase I of the Plaquemines LNG export project, which is currently being developed in the Plaquemines District of Louisiana.
3.Angola plans to sell shares of national oil company
Angola’s finance minister, Vera Daves de Sousa, said Angola plans to sell some shares in state-owned oil company Sonangol and diamond company endiama by the end of 2021 or early 2022 through an initial public offering. The sale is part of an effort by Africa’s leading oil producer to raise money and revive its economy.
4.Global exploration and production companies may invest $380 billion in 2021
According to a report by rystad energy, an energy consultancy, global exploration and production companies (E & P) are expected to invest about $380 billion in 2021, almost flat on a year-on-year basis. About 20% (or $76 billion) of this may face the risk of postponement or reduction, and the rest of the investment will be classified as a safer medium and low risk level
5.Qatar’s energy exports plummeted 39%
One of the world’s largest LNG exporters, Qatar said on Sunday that exports of energy goods and products fell by 38.5% to $5.8 billion (QAR 21 billion) from a year earlier. As a result, the country’s total exports fell by 35.5% in the third quarter from a year earlier. All of the major oil and gas exporters in the Middle East have been suffering from a sharp drop in energy related income this year, after the pandemic led to a decline in demand for oil and gas and lower oil and gas prices.
Post time: Nov-25-2020