Business news - 06 November 2014

Company to expand critically needed infrastructure from Marcellus and Utica Shales.

Occidental Petroleum announces sale of interest in BridgeTex Pipeline generating proceeds of US$ 1.15 billion.

Ninety percent of voters in the US elections recognised that increased oil and gas production could lead to more jobs.

Enlink Midstream realised adjusted EBITDA of US$ 111.3 million and net income of US$ 44 million for Q3 2014.

Enbridge’s adjusted earnings continued to accelerate in Q3 2014 as the company progressed with the execution of its record growth capital programme.

Reported sales increased 3.5% to US$ 716 million.

Pipeline will deliver crude oil from the Permian Basin and Cushing To refineries in Oklahoma, East Texas and Shreveport.

Exova strengthens North Sea Hub with new Aberdeen laboratory.

Technip has secured a five year framework agreement with Petronas