GIP and Snam weighing stake sale in Adnoc's gas pipeline business
GIP holds the largest foreign share in Adnoc's gas pipeline unit, while Snam owns approximately a 6% stake.
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GIP holds the largest foreign share in Adnoc's gas pipeline unit, while Snam owns approximately a 6% stake.
This extension will take effect in January 2025 and will last up to January 2027.
The investment is aimed at boosting Strohm's growth trajectory, which is focused on hydrogen and CCUS applications.
This latest acquisition accelerates commercial synergies for ONEOK.
Some of Colonial Pipeline's owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of US$10 billion, says Reuters.
The development will consist of a network of onshore CO2 pipelines, to be developed by GRTGaz, which will connect France’s Dunkirk industrial area to Equinor’s CO2 Highway Europe project.
Phillips 66 said it would sell its 25% stake in the Rockies Express Pipeline for about US$1.28 billion, including debt, to a subsidiary of Tallgrass Energy, according to Reuters.
Oceaneering to supply steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware.
Express Engineering sees strong upturn in sales.
Contract is for premium carbon steel tubes with Glass Reinforced Epoxy liners, and CRA accessories.
A Sinopec service unit has signed a US$1.10 billion deal to build natural gas pipelines for Saudi state oil company, Aramco, says Reuters.
As Blackline’s largest contract to date, it enables a major North American midstream company to expand safety protection for all its nearly 2000 workers.