Business news - 01 August 2016

Rotork IQ3 intelligent valve actuators have been selected for the automation of a seven-way control valve.

The CEO of TransCanada, Russ Girling, has stated that the oil spill in Saskatchewan could increase public scepticism of pipeline projects.

After a less than expected profit following the Fort McMurray wildfire in Alberta, Enbridge is waiting to hear the final decisions from the federal government on its multiple pipeline projects.

The Trans-Alaska pipeline is currently experiencing a lack of oil flowing through the line. However, there is an abundance of oil reserves from the Arctic and new production wells are set to be constructed.

There will be a temporary shutdown of the Nord Stream gas pipeline system for nine days due to annual maintenance works.

The Turkish Stream is becoming more attractive, and the construction of two new lines is in discussion.