Top Industry Leaders in the Offshore Pipeline Market
*Disclaimer: List of key companies in no particular order
Latest Company Updates:
October 2023
The UAE's largest oil company, ADNOC, has awarded Petrofac yet another huge contract to supply equipment for a significant carbon capture project in the Middle East. The London-based energy services company has been awarded a $600 million (£497 million) contract by Abu Dhabi National Oil Company (ADNOC) to supply carbon capture units, pipeline infrastructure, and multiple sequestration wells.
The Habshan Carbon Capture, Utilisation, and Storage (CCUS) project, located approximately 93 miles southwest of Abu Dhabi, is scheduled to receive the technology. This latest agreement with ADNOC is made just two months before Dubai plays host to the COP28 climate summit and coincides with the ADIPEC conference, a major global energy industry exhibition.
One of the biggest oil producers in the world, ADNOC, plans to attain net zero emissions from its operations by 2045—five years ahead of schedule—in part by investing in CCUS programs.
May 2023
Enbridge Inc. has made the announcement that it has reached a final agreement with FortisBC Holdings Inc. to purchase its stake in FortisBC Midstream Inc., which owns a 93.8% interest in the Aitken Creek Gas Storage facility and a 100% interest in the Aitken Creek North Gas Storage facility (together, Aitken Creek Storage), for $400 million.
Aitken Creek Storage is the only storage facility that connects to all three of Western Canada's major long-haul natural gas transportation lines, including Enbridge's Westcoast Pipeline and Alliance Pipeline. It is situated in the center of the region known for its abundant Montney production. These facilities are essential to the natural gas transmission system in the region.
Top listed global companies in the industry are:
- TechnipFMC Plc (UK)
- Petrofac Limited (UK)
- McDermott (US)
- Fugro (The Netherlands)
- Saipem (Italy)
- Enbridge Inc. (Canada)
- Cortez Subsea (UK), and others.