O&G

Bintai Kinden Posts 152% Rise in Revenue for 1Q

Retrieved on: 
Friday, August 26, 2022
Energi, Petronas, COVID-19, O&G, Solution, Bursa, Mechanical, PAT, Company, Review, M&E

The Company's M&E engineering business contributed RM26.43 million for 1Q FY2023, which is an increase of 203.72% compared with RM8.7 million in 1Q FY2022.

Key Points: 
  • The Company's M&E engineering business contributed RM26.43 million for 1Q FY2023, which is an increase of 203.72% compared with RM8.7 million in 1Q FY2022.
  • Bintai Kinden operates the entire in-campus accommodation for Universiti Melaka as part of a 25-year concession from Kolej Teknologi Islam Melaka Berhad (KTIMB).
  • As of 31 March 2022, KTIMB owes Bintai Kinden an outstanding sum of RM30.18 million from the concession.
  • Azri Azerai, Executive Director of Bintai Kinden said, "We will continue to leverage on our core M&E engineering specialisation to seek opportunities in Malaysia and around the region.

Datagration and OneNexus Environmental Collaborate to Address the Trillion-Dollar Problem of Aging Oil and Gas Well Infrastructure

Retrieved on: 
Tuesday, August 16, 2022
Technology, Finance, Fintech, Oil, Gas, Professional Services, Software, Energy, Environmental, Social and Governance (ESG), Data Management, Nexus, Social Security Government Pension Offset, Environmental, social and corporate governance, O&G, Hydrocarbon, Asset retirement obligation, Industry, Social, CEO, Retirement, Software as a service, ESG, Nicknames of Houston, Chief executive officer, KPI-driven code analysis, Engineering, Risk management, Company, Benchmarking, Data analysis, BI, Gas, Aros, The Benefit Company, Solution, UDM, Biophysical environment, Efficiency, Renewable energy

The Environmental, Social and Governance (ESG) of this problem is gaining attention from every aspect of the business and investment world.

Key Points: 
  • The Environmental, Social and Governance (ESG) of this problem is gaining attention from every aspect of the business and investment world.
  • Properly planning for the decommissioning of existing and future end-of-life wells is an important part of achieving oil & gas sustainability.
  • Datagration provides the world's Oil and Gas companies with the tools they need to integrate and model data into meaningful insights and decisions daily.
  • OneNexus Environmental was created to help oil & gas companies systematically and responsibly manage their Asset Retirement Obligations (AROs) and decommissioning activities.

Bintai Kinden to Market O&G Equipment in Indonesia

Retrieved on: 
Wednesday, August 10, 2022
Energi, Wastewater, O&G, Bursa, Industry, Population, M&E, Growth, Knowledge, Mechanical, Food, Aviation, Water, BHD, GDP, Hydraulic machinery, Drug

PETALING JAYA, Malaysia, Aug 10, 2022 - (ACN Newswire) - Mechanical and electrical (M&E) engineering services specialist Bintai Kinden Corporation Berhad's (Bursa: BINTAI, 6998) sub-subsidiary, Bintai Energy Sdn.

Key Points: 
  • PETALING JAYA, Malaysia, Aug 10, 2022 - (ACN Newswire) - Mechanical and electrical (M&E) engineering services specialist Bintai Kinden Corporation Berhad's (Bursa: BINTAI, 6998) sub-subsidiary, Bintai Energy Sdn.
  • Bhd., has entered into a business collaboration agreement with PT Raintech Indo Energi (PTRIE) in which PTRIE has been appointed to market and promote flanges, fittings, pipes and other oil and gas (O&G) equipment on behalf of Bintai Energy in Indonesia.
  • Bintai Kinden owns a 51% stake in Bintai Energy through Kejuruteraan Bintai Kindenko Sdn Bhd, an M&E engineering services specialist.
  • Ms. Verra Christianty, Director of PTRIE said, "We are happy to collaborate with Bintai Energy to introduce these products to Indonesia.

New Report: Certification of Low-Carbon Natural Gas Increased 100X Since 2021 to Trillions of Cubic Feet

Retrieved on: 
Tuesday, August 2, 2022
O&G, CEO, AB, Knowledge, Sale, Government, Natural gas, Certification, Solution, GHG, Oil, Industry, Renewable energy, Kinder Morgan

The report details 24 global initiatives that enable energy companies to go above and beyond emissions regulations and take credit.

Key Points: 
  • The report details 24 global initiatives that enable energy companies to go above and beyond emissions regulations and take credit.
  • The report surveyed standards associations and revealed explosive growth in volumes of certified low-carbon natural gas 100X since 2021 with trillions of cubic feet now certified.
  • Certification of low-carbon gas is analogous to organic and fair-trade food it enables consumers to pay more for a more sustainable product.
  • Highwood's mission is to collaborate, innovate, and educate the way to a world with effective and affordable emissions management solutions.

Bintai Kinden JV Wins Contracts to Supply O&G-Related Equipment

Retrieved on: 
Thursday, July 28, 2022
Petro, Knowledge, Industry, Partnership, PFF, Bursa, Contract, M&E, KBK, O&G, Hydraulic machinery

Bintai Kinden, through wholly-owned subsidiary Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), has a 51% interest in Bintai Energy, with the other 49% interest held by PFF.

Key Points: 
  • Bintai Kinden, through wholly-owned subsidiary Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), has a 51% interest in Bintai Energy, with the other 49% interest held by PFF.
  • KBK is a M&E engineering services specialist while PFF is a supplier of pipes, flanges, fittings, valves and other O&G-related equipment.
  • Bintai Energy has been awarded with similar contracts since its establishment in March 2022 and we hope to be able to win more such contracts given our expertise and knowledge."
  • With the most recent sub-contracts, Bintai Energy has clinched a total of approximately RM9.0 million under the Bintai Energy JV since its formation.

Guidehouse Insights Estimates Global Market for Digital Forms for Electric Utilities, Upstream & Midstream Oil & Gas, Natural Gas Distribution, and Telecommunications Will Grow at a Compound Annual Growth Rate of 15% Through 2031

Retrieved on: 
Tuesday, July 12, 2022
Technology, Benchmarking, Solution, Telecommunication, O&G, Public sector, Veritas Capital, CAGR, ROI, Research, Adoption, Growth, Workforce, Industry, Efficiency, Petroleum, Renewable energy

BOULDER, Colo., July 12, 2022 /PRNewswire/ -- A new report from Guidehouse Insights provides an overview of applications for five industry settings in which digital forms may provide substantial benefits: electric utilities, telecommunications, natural gas distribution, midstream oil & gas (O&G), and upstream O&G. It also provides information on key players in the digital forms in critical infrastructure market.

Key Points: 
  • According to a new report from Guidehouse Insights, the global market for digital forms in upstream and midstream O&G, telecoms, electric utilities, and natural gas distribution is expected to grow from $350 million in 2022 to $1.24 billion in 2031 at a compound annual growth rate (CAGR) of 15.1%.
  • "Multiple interrelated factors are converging to incentivize energy and utilities players to adopt digital forms solutions," says Clay Killingsworth, research analyst with Guidehouse Insights.
  • The report, Digital Forms in Critical Infrastructure https://guidehouseinsights.com/reports/market-data-Smart-Streetlighting , provides an overview of five industry settings in which digital forms may provide substantial benefits: electric utilities, telecommunications, natural gas distribution, midstream oil & gas, and upstream oil & gas.
  • Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

Mitsubishi Power Signs Decarbonization Agreement for Hydrogen Fuel Conversion with Leading Egyptian O&G Refinery ANRPC

Retrieved on: 
Thursday, June 16, 2022
Solution, COP27, Chief executive officer, Carbon, O&G, Mitsubishi Power Systems Europe, United Arab Emirates, Artificial intelligence, CEO, MHI, Plant, Mitsubishi Heavy Industries, Hydrogen, Engineering, CO2, Natural gas, EGPC, United Kingdom, CO, Machine learning, Goal, Renewable energy, Coal

Alexandria, Egypt /Duisburg, Germany, June 16, 2022 - (JCN Newswire) - Mitsubishi Power, a power brand of Mitsubishi Heavy Industries Ltd. (MHI) signed a full turnkey contract with leading Egyptian O&G Company Alexandria National Refining & Petrochemicals Company (ANRPC) to provide advanced hydrogen fuel conversion technology solutions, supporting the company to achieve its decarbonization goals.

Key Points: 
  • Alexandria, Egypt /Duisburg, Germany, June 16, 2022 - (JCN Newswire) - Mitsubishi Power, a power brand of Mitsubishi Heavy Industries Ltd. (MHI) signed a full turnkey contract with leading Egyptian O&G Company Alexandria National Refining & Petrochemicals Company (ANRPC) to provide advanced hydrogen fuel conversion technology solutions, supporting the company to achieve its decarbonization goals.
  • Falk Hoffmeister, Head of Service at Mitsubishi Power Europe GmbH, said: "We are proud to partner with Egypt's leading O&G refinery ANRPC, providing them with our groundbreaking hydrogen fuel conversion technology solutions, which will enable ANRPC to lower its CO2 emissions.
  • Mitsubishi Power's hydrogen firing technology enables thermal power systems owners to decarbonize their existing plants with minimal modifications.
  • Mitsubishi Power designs, manufactures and maintains equipment and systems that drive decarbonization and ensures the delivery of reliable power.

Frost & Sullivan Recognizes Ingu Solutions for Enabling Precise and Time-efficient Pipeline Inspection with Its Pipers® Device

Retrieved on: 
Monday, June 13, 2022
Whitecap Resources, Happiness, Leadership, Achievement, Intellectual property, ISO 9001:2015, Petrobras, Ingus (name), Partnership, Frost, Frost & Sullivan, O&G, Creativity, Solution, ISO, Technology, Adoption, SAN, Industry, Husky Energy, PICA, Certification, Culture, Efficiency, Renewable energy, Oil, Pipers

SAN ANTONIO, June 13, 2022 /PRNewswire/ -- Frost & Sullivan recently evaluated the North American pipeline inspection technology industry and, based on its analysis, recognizes Ingu Solutions (INGU) with the 2022 North American Technology Innovation Leadership Award. INGU is well-positioned to capitalize on new growth opportunities, cementing its leadership in the pipeline inspection technology space. Backed by world-class pipeline inspection experts, the company developed its technology over the last eight years to optimize data insights and deliver operational and cost efficiency. INGU works continuously to refine its holistic approach to pipeline inspection by building its technology to specifically bridge industry gaps.

Key Points: 
  • SAN ANTONIO, June 13, 2022 /PRNewswire/ -- Frost & Sullivan recently evaluated the North American pipeline inspection technology industry and, based on its analysis, recognizes Ingu Solutions (INGU) with the 2022 North American Technology Innovation Leadership Award.
  • INGU is well-positioned to capitalize on new growth opportunities, cementing its leadership in the pipeline inspection technology space.
  • INGU works continuously to refine its holistic approach to pipeline inspection by building its technology to specifically bridge industry gaps.
  • INGU's device, Pipers, tracks pressure changes and maps the profile of flow rates, hazards, and leak detection within a user's pipeline.

Frost & Sullivan Recognizes Ingu Solutions for Enabling Precise and Time-efficient Pipeline Inspection with Its Pipers® Device

Retrieved on: 
Monday, June 13, 2022
Whitecap Resources, Happiness, Leadership, Achievement, Intellectual property, ISO 9001:2015, Petrobras, Ingus (name), Partnership, Frost, Frost & Sullivan, O&G, Creativity, Solution, ISO, Technology, Adoption, SAN, Industry, Husky Energy, PICA, Certification, Culture, Efficiency, Renewable energy, Oil, Pipers

SAN ANTONIO, June 13, 2022 /PRNewswire/ -- Frost & Sullivan recently evaluated the North American pipeline inspection technology industry and, based on its analysis, recognizes Ingu Solutions (INGU) with the 2022 North American Technology Innovation Leadership Award. INGU is well-positioned to capitalize on new growth opportunities, cementing its leadership in the pipeline inspection technology space. Backed by world-class pipeline inspection experts, the company developed its technology over the last eight years to optimize data insights and deliver operational and cost efficiency. INGU works continuously to refine its holistic approach to pipeline inspection by building its technology to specifically bridge industry gaps.

Key Points: 
  • SAN ANTONIO, June 13, 2022 /PRNewswire/ -- Frost & Sullivan recently evaluated the North American pipeline inspection technology industry and, based on its analysis, recognizes Ingu Solutions (INGU) with the 2022 North American Technology Innovation Leadership Award.
  • INGU is well-positioned to capitalize on new growth opportunities, cementing its leadership in the pipeline inspection technology space.
  • INGU works continuously to refine its holistic approach to pipeline inspection by building its technology to specifically bridge industry gaps.
  • INGU's device, Pipers, tracks pressure changes and maps the profile of flow rates, hazards, and leak detection within a user's pipeline.

TÜV Rheinland: "Snake" makes offshore production safer

Retrieved on: 
Thursday, May 5, 2022
ATEX, Corrosion, Steam, Safety, EUR, Association, O&G, Environment, Industry, Business development, District, Life, Technology, United Nations Global Compact, PEC, Risk, Printed circuit board

LITTLETON, Mass., May 5, 2022 /PRNewswire/ -- Experts from TÜV Rheinland have developed a new probe for inspecting corrosion of the offshore oil and gas wells. The inspection tool features a caterpillar track design, is over 1 meter long and is as agile as a snake. Unlike all previous inspection probes, the "PEC Snake" can penetrate through a 2-inch hole or a 2-inch side valve arm. The highly flexible probe easily enters through sharp bends and can still be moved into tight spots on offshore platforms, such as between the conductor and the surface casing.

Key Points: 
  • LITTLETON, Mass., May 5, 2022 /PRNewswire/ -- Experts from TV Rheinland have developed a new probe for inspecting corrosion of the offshore oil and gas wells.
  • "The inspection tool has successfully passed its field test in the North Sea and is now available for use on offshore oil and gas production platforms worldwide," said Sergey Putintsev, Managing Director at TV Rheinland.
  • "Thanks to the smaller access and longer probe cable, the new Sonovation device can be used in many types of offshore production operations around the world."
  • Since 2006, TV Rheinland has therefore been a member of the United Nations Global Compact to promote sustainability and combat corruption.