PIPELINE INTEGRITY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Key Developments

• In July 2024, South Sudan and Ethiopia announced an agreement to construct a new pipeline connecting the Nile state in South Sudan and the Gambella region of Ethiopia. This will enable improved pipeline infrastructure in both countries.
• In July 2024, the U.S. Department of Justice (DOJ) proposed modifications in the Lakehead pipeline system by Enbridge Energy. Under this proposal, the company would be required to fix the previously identified cracks. Earlier, in 2016, DOJ and Enbridge reached a settlement agreement associated with the Kalamazoo River oil spill.
• On July 26, 2023, SLB and Eni, via its subsidiary Enivibes, unveiled an alliance for pipeline integrity monitoring. The partnership included deploying e-VPS technology, enabling real-time analysis and leak detection using proprietary vibroacoustic technology for global pipelines.
• On July 5, 2023, Mitsui, a Japan stock market-listed company, acquired STATS, a leader in pressurized pipeline integrity solutions. The acquisition facilitated Mitsui's strategic goal of establishing a robust presence in pipeline maintenance services. STATS CEO, Leigh Howarth, expressed excitement about the collaboration, aiming to seize opportunities in oil and gas and low carbon sectors.