TOP STORIES OF THE WEEK
ADIPEC 2026 to mobilise investment in resilient, intelligent energy systems that power global growth
Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, in his capacity as Ruler of Abu Dhabi, ADIPEC 2026 will take place in Abu Dhabi from 2nd to 5th November 2026 at ADNEC Centre Abu Dhabi. The event will mobilise investment in resilient and intelligent energy systems, with confirmed participation from ministers, CEOs and senior leaders across energy, technology, finance and industry.
The event will convene the global energy industry in Abu Dhabi as the world enters a new era of rising energy demand, geopolitical volatility, infrastructure constraints and the rapid expansion of artificial intelligence (AI), underscoring the critical importance of energy security to economic stability and growth.…
BKV completes acquisition of Barnett Shale Upstream, Midstream and Carbon Capture assets
BKV Corporation has completed the acquisition of upstream, midstream and carbon capture and storage (CCS) assets in the Barnett Shale. Financial terms were not disclosed.
The acquisition expands BKV’s production capacity and operational footprint in the basin, while adding to its natural gas, midstream and carbon capture operations. The company said the assets are expected to create greater efficiencies through shared infrastructure and increased scale.
The acquired portfolio includes more than 65 MMcfe/d of production, approximately 0.35 Tcfe of proved developed producing (PDP) reserves, and around 117,000 net acres, primarily in Montague County. It also includes approximately 1,000 operated wells.
The midstream assets comprise a gas proc…
California Resources Corporation announces divestiture of Uinta Basin assets
California Resources Corporation (CRC) has agreed to sell its Uinta Basin assets to an undisclosed buyer for approximately $90 million in cash, subject to customary adjustments.
The transaction is intended to further focus CRC’s portfolio on its California operations, while unlocking additional value from assets acquired through its merger with Berry. The company said it plans to use the net proceeds for shareholder returns and other corporate purposes.
CRC President and Chief Executive Officer Francisco Leon said the sale would provide greater capital allocation flexibility and allow the company to focus investment on opportunities in California. The proceeds will also help offset the cost of CRC’s recent midstream transaction.
The transa…
Enbridge responds to Line 5 Natural Gas Liquids release in Wisconsin
Enbridge has returned its Line 5 pipeline to service after completing a temporary bypass around a damaged section near Saxon, Wisconsin.
The pipeline was shut down on 25th August after an unoccupied subcontractor flatbed truck rolled into an open excavation at a Line 5 valve project, striking the pipe and releasing natural gas liquids (NGLs), primarily propane and butane. No injuries were reported, although a nearby rural home was evacuated as a precaution.
Enbridge said the temporary bypass was pressure-tested before the pipeline was brought back into service. Work at the incident site is continuing, including environmental testing, remediation and the removal of the damaged soil.
The company said ongoing monitoring has found no impact on…
Cold applied composite repairs to internally corroded pipework within major Central Europe oil terminal
The partnership of Open water Management and Iridium Technologies provide a range of advanced, high strength, composite repair solutions for cold applied repairs of leaking and non-leaking defects associated with the critical infrastructure of; up and down stream pipework, transmission pipelines and storage tanks found within the oil, gas, petrochemical, nuclear and water industries.
The Open Water / Iridium team have decades of combined experience for the design, manufacture, supply and certified installation training of composite repair solutions.
Utilising both glass and carbon based fabrics with a range of in-house manufactured resins, repair applications to systems with operating temperature between -55C to +550C are possible. All pr…