U.S. Preparing New Sanctions Against Nord Stream 2 Pipeline

oil and gas | Submar

U.S. Preparing New Sanctions Against Nord Stream 2 Pipeline

The United States is urging European allies and private companies to halt work that could help build the Nord Stream 2 natural gas pipeline and is preparing wider sanctions on the Russian project in coming weeks, senior Trump administration officials said. The outgoing Trump administration is readying a fresh round of congressionally mandated sanctions “in

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New Mexico Ends Fresh Water Sales for Oil and Gas

The New Mexico State Land Office announced that it will be halting the practice of allowing fresh water to be pumped from state trust land and sold for use in oil and gas development. Land Commissioner Stephanie Garcia Richard detailed the shift in policy in a letter to companies that hold easements that grant access

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Offshore Mats

Discovery Channel Show Oil, Sweat, and Rigs: Submar articulated concrete revetment mats installed subsea in the Gulf of Mexico. Another job well done for the leader in on and offshore pipeline exposure remediation.

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Augmented Reality Sandbox

The Submar team was proud to present an augmented reality (AR) sandbox at a Supplier Showcase in 2018. We showed an elevation color map, topographic contour lines, and simulated water to demonstrate how our products, including the Submar articulating concrete revetment mattresses, and services, like streambank stabilization, protect exposed pipelines.

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Major Oil Pipeline Operators Plan Higher Dividends

The major North American pipeline operators Kinder Morgan and Enbridge issued optimistic updates to the market this week, planning higher dividends and expecting more profits next year, after the challenges the oil industry has faced this year. Enbridge raised its quarterly dividend by 3 percent to US$0.65 (C$0.835), effective March 1, 2021. This is the

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Gas Pipeline Project in New Mexico Halted Amid Pandemic

A natural gas pipeline that would have connected an oil field in New Mexico and Texas to markets in the Gulf Coast has been halted as the fossil fuel industry struggles during the coronavirus pandemic. The Carlsbad Current-Argus reported that officials with Permian Global Access Pipeline, a subsidiary of Houston-based natural gas producer Tellurian, withdrew

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Exxon Mobil Cuts Billions in Spending

Exxon Mobil announced that it would significantly cut spending on exploration and production over the next four years and would write off up to $20 billion of investments in natural gas. The company struggled to adapt as oil and gas prices tumbled this spring when the coronavirus pandemic took hold. While oil prices have recovered

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China Launches Section of China-Russia East Gas Pipeline

Operations have started on the middle portion of the China-Russia East natural gas pipeline, allowing natural gas from the Power of Siberia system in Russia to be transmitted to the smog-prone Beijing-Tianjin-Hebei region in northern China. The 1,110-kilometre pipeline aims to help improve air quality in the region, where about a quarter of China’s steelmaking

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Minnesota to Move Forward with Disputed Oil Pipeline

Minnesota regulators approved the final permit this week for Enbridge Energy’s Line 3 crude oil pipeline replacement across northern Minnesota, giving the company the green light to begin construction on the $2.6 billion project. The Minnesota Pollution Control Agency granted a construction storm water permit for the project, which was the last hurdle that Calgary,

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