oil-gas
29 July 2025
Offshore Engineeroil-gas
Jul 29, 2025Offshore Engineer
The 50-50 consortium between Allseas and Boskalis has been awarded a large contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao (YT2) in Taiwan.
Under the contract, the consortium will design, construct, install and pre-commission the new YT2 36-inch offshore natural gas pipeline, which will run approximately 232 kilometers parallel to the existing YT1 pipeline, connecting the Yongan LNG terminal in the Southwest with the Tongxiao transfer station in the Northwest.
The comprehensive scope of work includes trenching, pipeline installation with 34 crossings over existing and future infrastructure and assets, backfilling and two landfalls.
Within the consortium, Allseas will carry out the pipeline installation and pre-commissioning, including the pre-lay installation of concrete mattresses. For these activities, Allseas will deploy two of the most advanced pipelay vessels in the industry.
Boskalis will be responsible for the landfalls and associated microtunnelling activities, as well as nearshore and offshore trenching, backfilling, and the installation of rocks for the 34 pipeline crossings. For these activities, Boskalis will deploy two large hopper dredgers, a large backhoe dredger, and a subsea rock installation vessel.
The total contract value for the landmark energy project, developed to accelerate energy transition and improve gas supply capacity in Taiwan, is approximately $1.4 billion (€ 1.2 billion).
Project execution is scheduled to begin in 2026, with completion anticipated in 2028.
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Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job In TaiwanThe 50-50 consortium between Allseas and Boskalis has been awarded a large contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao (YT2) in Taiwan.
Under the contract, the consortium will design, construct, install and pre-commission the new YT2 36-inch offshore natural gas pipeline, which will run approximately 232 kilometers parallel to the existing YT1 pipeline, connecting the Yongan LNG terminal in the Southwest with the Tongxiao transfer station in the Northwest.
The comprehensive scope of work includes trenching, pipeline installation with 34 crossings over existing and future infrastructure and assets, backfilling and two landfalls.
Within the consortium, Allseas will carry out the pipeline installation and pre-commissioning, including the pre-lay installation of concrete mattresses. For these activities, Allseas will deploy two of the most advanced pipelay vessels in the industry.
Boskalis will be responsible for the landfalls and associated microtunnelling activities, as well as nearshore and offshore trenching, backfilling, and the installation of rocks for the 34 pipeline crossings. For these activities, Boskalis will deploy two large hopper dredgers, a large backhoe dredger, and a subsea rock installation vessel.
The total contract value for the landmark energy project, developed to accelerate energy transition and improve gas supply capacity in Taiwan, is approximately $1.4 billion (€ 1.2 billion).
Project execution is scheduled to begin in 2026, with completion anticipated in 2028.
Offshore Engineer
oil-gas
29 July 20252 min readAllseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job In Taiwan
Offshore Engineer
29 July 2025
oil-gas
Duke Energy To Sell Tennessee Gas Business, 3,800 Miles Of Pipelines, For $2.48 Billion(P&GJ) — Duke Energy has agreed to sell its Tennessee natural gas distribution business, Piedmont Natural Gas, to Spire Inc. for $2.48 billion in cash. The deal includes nearly 3,800 miles of distribution and transmission pipelines and a liquefied natural gas facility serving about 205,000 customers in the Greater Nashville area.
The transaction is expected to close in the first quarter of 2026, pending regulatory approval from the Tennessee Public Utility Commission and other customary conditions.
Duke Energy said about $800 million of the proceeds will be used to pay down debt at Piedmont Natural Gas, with the remaining $1.5 billion going toward its $83 billion, five-year capital plan focused on grid modernization and energy transition initiatives.
“The transaction allows us to efficiently fund accelerating investment opportunities driven by record customer growth and a deepening economic development pipeline,” said Harry Sideris, Duke Energy president and chief executive officer. “We’re confident Spire will support the continued growth and success of the Tennessee natural gas business and serve as an incredible operator for the benefit of employees, customers and communities.”
Spire said the acquisition will expand its customer base to nearly two million homes and businesses across its service territories, which currently include Missouri, Alabama and Mississippi.
“This acquisition is a natural fit for Spire, allowing us to expand our core utility business and increase our utility customer base to nearly two million homes and businesses,” said Scott Doyle, president and chief executive officer of Spire. “We look forward to serving customers in the Nashville area and safely delivering the energy they need.”
Pipeline Gas Journal
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29 July 20252 min readDuke Energy To Sell Tennessee Gas Business, 3,800 Miles Of Pipelines, For $2.48 Billion
Pipeline Gas Journal
29 July 2025
oil-gas
Utility Duke Energy To Sell Tennessee (U.S.) Natural Gas Business For $2.48 BDuke Energy said it would sell its Tennessee natural gas distribution business to Spire for $2.48 B in cash, as the utility aims to streamline operations and unlock capital to invest in electric grid upgrades.
About $800 million of the proceeds will be used to pay down debt at Piedmont Natural Gas, while the remaining $1.5 billion will support Duke's $83 billion five-year capital plan focused on grid modernization and energy transition, the company said in a statement.
The sale agreement includes nearly 3,800 miles of distribution and transmission pipelines and a liquefied natural gas facility serving about 205,000 customers.
Piedmont's primary operations will remain in the Greater Nashville area after the transaction closes, expected in the first quarter of 2026.
The integration of the Tennessee business is expected to expand Spire's utility footprint. The natural gas company has operations in Missouri, Alabama and Mississippi.
Gas Processing and LNG
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29 July 20251 min readUtility Duke Energy To Sell Tennessee (U.S.) Natural Gas Business For $2.48 B
Gas Processing and LNG
29 July 2025
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Pttep Acquires Offshore Gas Block In $450 Million Deal With Chevron SubsidiariesPTTEP, Thailand's national E&P company, has signed an agreement to buy 100% of the outstanding shares of Hess International Oil Corporation, which holds a 50% participating interest in the offshore natural gas Block A-18 of the Malaysia–Thailand Joint Development Area (MTJDA). The purchase deal is valued at $450 million (USD). Both sellers, Hess (Bahamas) Limited and Hess Asia Holdings Inc., are wholly owned subsidiaries of Chevron following Chevron's takeover of Hess Corp.Â
This transaction immediately enhances PTTEP’s gas production volume, petroleum reserves, and increases the company’s investment in the MTJDA from the existing 50% participating interest in Block B-17-01, PTTEP said in a news release.
Block A-18 currently produces 600 million standard cubic feet of natural gas per day (MMscfg/d) which is equally distributed to Thailand and Malaysia. The 300 MMscfg/d supplied to Thailand accounts for 6% of the country’s domestic gas demand.
“PTTEP is pleased to further expand our operations in the MTJDA, which is recognized for its petroleum potential and strategic significance to Thailand’s energy security," said Mr. Montri Rawanchaikul, CEO of PTT Exploration and Production Public Company Limited (PTTEP). "The acquisition also contributes to the company’s growth. Apart from the existing producing fields, Block A-18 includes several discovered gas fields awaiting development to unlock their full potential. Participation in Block A-18 also fosters operational synergy with Block B-17-01, enhancing efficiency to ensure continuous and accelerated energy supply for both countries.”
Additional production wells and wellhead platforms, along with gas construction of gas pipelines, will be developed to support a consistent and reliable gas supply.
MTJDA is located in the southern part of the Gulf of Thailand. Covering an area of approximately 7,250 square km, it is a key source of natural gas and condensate for Thailand and Malaysia.
World Oil
oil-gas
25 July 20252 min readPttep Acquires Offshore Gas Block In $450 Million Deal With Chevron Subsidiaries
World Oil
25 July 2025
oil-gas
Iraq’S Oil Exports Exceed 98 Million Barrels In June 2025The Ministry of Oil announced the total oil exports and revenues achieved for last June, according to the final statistics issued by the State Oil Marketing Organization (SOMO). The quantity of crude oil exports amounted to (98) million, (882) thousand, and (613) barrels (ninety-eight million, eight hundred eighty-two thousand, six hundred and thirteen barrels), with revenues amounting to more than (6) billion, (698) million, and (21) thousand dollars (six billion, six hundred ninety-eight million, and twenty-one thousand dollars). The statistics indicated that the total quantities of crude oil exported for last June from the oil fields in central and southern Iraq amounted to (97) million, (718) thousand, and (994) barrels, while exports from the Qayyarah field amounted to (946) thousand, (741) barrels, while the quantity of exports to Jordan amounted to (216) thousand, and (878) barrels. It is worth noting that the Ministry, driven by its belief in keeping the public informed of export operations, has taken this monthly measure.
Gulf Oil and Gas
oil-gas
25 July 20251 min readIraq’S Oil Exports Exceed 98 Million Barrels In June 2025
Gulf Oil and Gas
25 July 2025
oil-gas
Uni-Fuels Completes First Oversubscribed Usd 3M Commercial Paper Issuance On AddxUni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, announced that its wholly-owned subsidiary, Uni-Fuels Pte Ltd (“Uni-Fuels Singapore”), has successfully completed the Company’s first-ever commercial paper (“CP”) issuance, raising USD 3 million through ADDX, a private market platform regulated by the Monetary Authority of Singapore. The offering was oversubscribed, reflecting strong demand from accredited investors.
The commercial paper was structured as USD-denominated, short-term unsecured debt and issued via ADDX’s digital investment platform. The transaction enables Uni-Fuels to diversify its funding sources and enhance capital efficiency across its operational entities. Proceeds will be used for general working capital and to support Uni-Fuels Singapore’s expanding operations across global trading hubs.
“This oversubscribed debut issuance is a strong signal of investor confidence in our business strategy and growth outlook,” said Koh Kuan Hua, Chief Executive Officer of Uni-Fuels. “We’re pleased to partner with ADDX as we modernize our capital structure and engage new investor channels. Our investors’ strong support allows us to pursue strategic growth initiatives and positions us to deliver stronger shareholder returns over time.”
“The enthusiastic response from investors underscores Uni-Fuels’ credibility and clear strategic direction,” said Inmoo Hwang, Group Managing Director of ADDX. “We are pleased to support companies that take a disciplined approach to growth and capital access. We look forward to deepening our partnership as Uni-Fuels continues to broaden its reach to accredited investors through alternative capital markets.”
This issuance marks a strategic milestone in Uni-Fuels’ capital markets roadmap as it continues to leverage innovative infrastructure to support liquidity, working capital, and operational flexibility.
Gulf Oil and Gas
oil-gas
21 July 20252 min readUni-Fuels Completes First Oversubscribed Usd 3M Commercial Paper Issuance On Addx
Gulf Oil and Gas
21 July 2025
oil-gas
Aramco Secures $10 Billion Blackrock-Led Investment For Jafurah Gas Pipeline NetworkA BlackRock-led consortium is set to inject $10 billion into the vital pipeline infrastructure of Saudi Aramco's Jafurah gas project. This significant financial commitment highlights the central role of pipelines in expanding Saudi Arabia's natural gas production and its strategic shift towards a more diversified energy mix.
The investment is anticipated to mirror prior infrastructure deals from 2021, where BlackRock also participated in Aramco's gas pipeline assets. In those previous arrangements, investors acquired a 49% stake in new entities, such as Aramco Gas Pipelines Co., which then held 20-year leasing rights over existing pipeline networks. These entities lease the usage rights back to Aramco, ensuring a steady revenue stream for investors through tariffs on gas flows, underpinned by minimum volume guarantees. Aramco, however, maintains a controlling 51% stake and full operational command of these crucial assets.
The Jafurah project itself is a cornerstone of Aramco's plan to boost its gas production capacity by 60% from 2021 levels by 2030, representing a total investment projected to surpass $100 billion over the next 15 years. Crucially, this expansion necessitates the construction of extensive new infrastructure, including an estimated 1,500 kilometers (932 miles) of new pipelines, along with gas processing plants and other facilities. These pipelines are indispensable for transporting gas from the Jafurah field, which is expected to become one of the world's largest shale gas projects outside the United States.
This strong focus on natural gas infrastructure, particularly pipelines, underscores its perceived role as a "bridge fuel" in the global energy transition. By enabling increased natural gas utilization, Saudi Arabia aims to displace more carbon-intensive energy sources, thus contributing to its net-zero emission targets. The substantial investment from the BlackRock-led group signals confidence in the long-term stability and strategic importance of these pipeline assets within the evolving global energy landscape.
Pipeline Technology Journal
oil-gas
18 July 20252 min readAramco Secures $10 Billion Blackrock-Led Investment For Jafurah Gas Pipeline Network
Pipeline Technology Journal
18 July 2025
oil-gas
Australia’S Orica Hydrogen Hub Secures $283 Million To Advance Green Hydrogen Exports(Reuters) — Australia said on July 3 it would invest A$432 million ($283.82 million) in a green hydrogen project led by Orica, the world’s largest explosives maker, backing the emerging industry amid a wave of delays and cancelled projects across the country.
The funding will support the Hunter Valley Hydrogen Hub, which aims to decarbonize Orica’s nearby ammonia and explosives manufacturing operations and eventually supply the green fuel and green ammonia for export.
Climate Change and Energy Minister Chris Bowen said the funding for the project on the east coast helped secure Australia’s energy future, with the government seeing green hydrogen as key to its net-zero goals.
“By switching from gas to green hydrogen, the project will also significantly cut emissions from Orica’s ammonia production facility and help produce green ammonia for domestic use across mining, agriculture and manufacturing sectors,” Bowen said in a statement.
It is a boost for Australia’s struggling green hydrogen industry after a series of delays and exits cast doubt on its viability.
On Sunday, plans to build a A$12.5 billion CQ-H2 plant in the state of Queensland collapsed after its lead developer, state-government owned energy company Stanwell, ended its involvement. It was one of the country’s largest and most advanced projects.
Orica’s Hunter Valley Hydrogen Hub, once a joint venture with Origin Energy ORG.AX, faced a major setback last year when the power producer exited, citing cost concerns and headwinds in the green hydrogen market.
Orica said the government support was “essential” to bridging the project’s “commercial gap”.
The explosives maker added that it had received strong interest from potential project partners in the past few months and would work towards a final investment decision “in due course”.
“We hope to further contribute to our domestic and international customers' decarbonization goals by offering low-carbon products, while supporting Orica’s next phase of decarbonization,” CEO Sanjeev Gandhi said.
The first phase of the hub is expected to produce up to 12 tonnes of green hydrogen per day using a 50 megawatt electrolyzer powered by renewable energy.
($1 = 1.5221 Australian dollars)
Pipeline Gas Journal
oil-gas
18 July 20252 min readAustralia’S Orica Hydrogen Hub Secures $283 Million To Advance Green Hydrogen Exports
Pipeline Gas Journal
18 July 2025
oil-gas
Azerigaz And Esyasoft Sign $480M Smart Gas Network ContractAzerigaz Production Union (Azerigaz), under the umbrella of the State Oil Company of Azerbaijan Republic (SOCAR), and United Arab Emirates-based Esyasoft have entered into a $480m (816m manat) contract to develop a smart gas network in Azerbaijan, reported the Azerbaijan State News Agency.
The contract involving the design, installation and commissioning of a smart gas network is set to introduce advanced technologies to improve operational efficiency, reduce losses and enhance customer satisfaction.
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Spanning approximately 14 years, the project includes the installation of two-and-a-half million smart meters as well as system support phases.
This substantial investment will facilitate the digitalisation of Azerbaijan’s gas network, incorporating smart sensors, a digital solutions lab, personnel training, international knowledge exchange and the application of AI.
Additionally, the initiative will ensure secure data storage within the government cloud and establish a modern control centre.
Consumers stand to gain from the smart gas network through more precise billing, real-time usage tracking, expedited issue resolution and digital access to consumption data.
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The project underscores Azerigaz’s commitment to modernising its services and enhancing public satisfaction with its offerings.
The contract signing, which took place on 17 July, builds on a prior cooperation agreement between SOCAR and Esyasoft during COP29 in Baku.
SOCAR president Rovshan Najaf, Azerigaz PU director-general Azer Mammadov and Esyasoft Holding Group CEO Bipin Chandra officiated the signing.
In related developments, SOCAR has reportedly forged new partnerships with ExxonMobil and BP to continue oil and gas exploration in Azerbaijan.
These collaborations are expected to maintain the nation’s oil production at around 582,000 barrels per day for the next five years, supported by Western energy investments.
Offshore Technology
oil-gas
18 July 20252 min readAzerigaz And Esyasoft Sign $480M Smart Gas Network Contract
Offshore Technology
18 July 2025
oil-gas
$10 Billion Deal Set For Aramco’S Jafurah Gas Pipelines, Plant(Reuters) — Saudi Aramco is close to a deal to raise around $10 billion from a group led by BlackRock that has been set up to invest in the infrastructure of Aramco's Jafurah gas project, two people with knowledge of the matter told Reuters.
The agreement would be the latest in a series of financial arrangements, akin to borrowing, that allow Gulf oil producing countries to raise money to diversify their economies while promising investors a stable revenue stream.
The two people said the latest transaction was expected to be similarly structured to two Aramco infrastructure deals in 2021, including one in which BlackRock invested in Aramco's gas pipeline networks, allowing the Saudi company to generate funds.
Aramco kept control of the underlying infrastructure while the investors earned tariffs from the oil firm for the use of the pipelines.
Both sources spoke on condition of anonymity because the talks are private. They did not say when the deal might be finalized. Aramco and BlackRock declined to comment.
The $100 billion Jafurah project, potentially the biggest shale gas project outside the United States, is central to Aramco's ambitions to become a major global player in natural gas and to boost its gas production capacity by 60% by 2030 from 2021 levels.
The Jafurah assets underpinning the deal include gas pipelines and a gas processing plant, one of the sources said.
Aramco has long been the biggest source of the kingdom's revenues. Saudia Arabia has been seeking to diversify its economy as oil prices LCOc1 have come under pressure from global economic uncertainty that could further reduce demand.
They have also been depressed by increased output from the Organization of the Petroleum Exporting Countries, led by Saudi Arabia, which is striving to boost market share.
Earlier this month, Reuters reported that Aramco was seeking to sell up to five gas-fired power plants to raise funds.
Previous Deals
In 2021, BlackRock and EIG were among investor groups that took stakes in companies that leased usage rights in Aramco’s gas and oil pipeline networks. The groups leased them back to Aramco for a 20-year period in two separate deals, helping the Saudi company to raise nearly $28 billion.
Described as lease and leaseback transactions by Aramco at the time, they were structured as a form of borrowing, Robin Mills, chief executive of consultancy Qamar Energy told Reuters.
"The pipeline deals were basically securitization" and not a sale of the asset, whose ownership remained with Aramco, Mills said.
In those deals the groups took 49% stakes in subsidiaries Aramco Oil Pipelines and Aramco Gas Pipelines, in which Aramco retains 51% stakes. The subsidiaries receive a tariff from Aramco for flows of crude and natural gas, backed by minimum commitments on throughput.
The deals followed other transactions in the region, including Abu Dhabi's ADNOC sale of minority stakes in the companies owning the leasing rights to its oil and gas pipelines.
Pipeline Gas Journal
oil-gas
17 July 20253 min read$10 Billion Deal Set For Aramco’S Jafurah Gas Pipelines, Plant
Pipeline Gas Journal
17 July 2025
oil-gas
Blackstone To Invest $25 Billion In Co-Located Data Centers, Gas Plants In Pennsylvania(Reuters) — Blackstone plans to invest $25 billion in developing data centers and power plants in Pennsylvania, President and Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh on July 15.
Blackstone had identified several sites to build the energy-intensive centers, Gray said, adding that the private equity firm also plans to partner with an electric utility to build multiple natural gas power generation facilities to fuel the data centers in Pennsylvania.
Big Tech is fueling a turnaround in U.S. power consumption with the expansion of data centers, which are needed to train and roll out artificial intelligence.
One of the biggest roadblocks in the race to expand artificial intelligence technologies are the long wait times, caused by supply chain constraints and permitting, to power data centers. Locating data centers directly at the sites of power plants, an arrangement known as co-location, can potentially cut down time to power.
Blackstone plans to focus on co-located projects in Pennsylvania, Gray said.
"What makes us so excited about this area is the idea that you can co locate data centers directly next to the source of power and that's really the special sauce here is being able to put these things together," Gray said.
Pipeline Gas Journal
oil-gas
15 July 20252 min readBlackstone To Invest $25 Billion In Co-Located Data Centers, Gas Plants In Pennsylvania
Pipeline Gas Journal
15 July 2025
oil-gas
South Korean Ypp Plans To Invest Up To $3.1B In Green Hydrogen Production In KazakhstanDeputy Chairman of the Management Board of JSC “NC “KAZAKH INVEST,” held a meeting with John M. Bek, Chairman of the Board of the South Korean engineering company YPP Corporation. During the meeting, the parties signed a framework agreement on cooperation for the implementation of a green hydrogen production project in Kazakhstan.
The parties confirmed their intent to implement a major investment project — Green Energy Complex — in the Republic of Kazakhstan, aimed at creating a full-cycle production of green hydrogen and ammonia using renewable energy sources (RES). The total investment may reach up to $3.1 billion, depending on the project model and location conditions.
The project provides for the construction of wind and solar power plants with a total capacity of up to 2 GW, as well as the installation of electrolysis and ammonia production units. Production capacities are expected to reach up to 75,000 tons of green hydrogen, some of which are then converted into 310,000 tons of green ammonia annually. Part of the output will be used domestically, with the majority intended for export.
During the meeting, Azamat Kozhanov noted that the project aligns with Kazakhstan’s strategic priorities and ambitious plans for developing the hydrogen energy sector.
“We see a strong and sustained interest from international companies in implementing green energy and hydrogen projects. Kazakhstan has tremendous potential — up to 1,820 billion kWh per year for wind and 2.5 billion kWh for solar. Dozens of initiatives are already underway, and we believe that partnerships like the one with YPP will turn this potential into tangible production, exports, and new jobs,” he said.
The project also involves the development of local infrastructure, including energy storage systems, water supply, logistics, and potential applications of hydrogen in energy — particularly through modernization of CHP plants in the Almaty region.
In turn, YPP founder John M. Bek expressed gratitude for the support from the Government of Kazakhstan and stated:
“Kazakhstan has unique natural conditions and an investment climate favorable for the development of hydrogen energy. We view the Republic of Kazakhstan as a strategic partner and intend to implement a project that combines Korea’s best technologies with global approaches to sustainable production.”
The agreement paves the way for a deeper elaboration of the investment model, conclusion of an investment agreement, and formation of partnerships with relevant organizations, including potential offtakers such as Samsung C&T.
Gulf Oil and Gas
oil-gas
15 July 20252 min readSouth Korean Ypp Plans To Invest Up To $3.1B In Green Hydrogen Production In Kazakhstan
Gulf Oil and Gas
15 July 2025
oil-gas