Russia agrees gas pipeline deals with China
Russia and China are moving towards a mammoth energy deal, with the signing of dozens of commercial pacts worth US$ 3.5 billion and with the framework in place for a natural gas pipelines agreement.
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Russia and China are moving towards a mammoth energy deal, with the signing of dozens of commercial pacts worth US$ 3.5 billion and with the framework in place for a natural gas pipelines agreement.
The West African Gas Pipeline (WAGP) is a 678 km pipeline, planned to deliver gas from Nigeria to Ghana, Benin and Togo. The cost of the pipeline, originally said to cost US$ 600 million, has soared to US$ 1 billion.
The natural gas transmission pipeline industry in Australia is active and vibrant with opportunities for investment in further pipelines and pipeline infrastructure as this demand grows.
Saudi Aramco and ConocoPhillips plan on awarding contracts for the Yanu refinery in May 2010.
The power sector has undoubtedly been hit hard by the global credit crunch. The good news is though, that we are now seeing some positive signs of recovery, with the sector beginning to slowly bounce back with more money being invested in new projects.
The oil and gas sector in South America holds tremendous potential, with at least 110 billion bbls of oil, 272 trillion ft3 of gas and over 250 billion bbls of recoverable bitumen. But that potential often remains elusive for many countries.
The Arctic region holds large reserves of undiscovered, technically recoverable oil and gas. Exploration and drilling challenges exist due to harsh conditions and environmental concerns.
Algeria will be a fitting venue for next year's LNG 16 Conference, having staked its place as the EU's third largest supplier of foreign gas.
India has ambitions to become the hub for petroleum products exports. The export potential coupled with the additional capacity additions and new refineries provide a unique opportunity for potential investors.
The signing of an intergovernmental agreement between Turkey, Bulgaria, Romania, Austria and Hungary in Ankara on 13th July was a significant step towards construction of the E7.9 billion (US$ 11.05 billion) Nabucco gas pipeline, which will bring Caspian gas to Europe via the Balkans, Turkey and the Caucasus.
Siemens' Pipeline Demo Center simulates technologies on a model pipeline system.
Subsea 7 has been awarded a pipeline engineering, construction and installation contract by BP worth approximately US$ 150 million. In addition, the company has opened a new pipeline fabrication spoolbase in Texas.