Business news - 15 May 2014

High seas: new discoveries bolster the Gulf of Mexico’s future as a prime production basin, but challenges remain, examines Gordon Cope.

Plains All American Pipeline’s results for Q1 2014 reflected continued growth in its transportation and facilities segments.

Frontier Midstream Solutions has announced a new crude transportation system, to be owned by Alpha Crude Connector, LLC.

Enbridge Inc. has released its key financial data for Q1 2014, recording earnings of US$390 million and adjusted earnings of US$ 492 million.

Multiphase flow induced vibration JIP kicks off ground-breaking work to help improve management of subsea integrity.

Budapest hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Viktor Orban, Prime Minister of the Republic of Hungary.

Wärtsilä to perform vessel cleaning for Finnlines’ Baltic and North Sea fleet.

A new IHS study says that huge investment opportunities have returned to Western Europe.

A working meeting took place among Dmitry Medvedev, Russian Prime Minister, Alexander Novak, Russian Energy Minister and Alexey Miller, Gazprom Chairman.

Success at Sonardyne’s subsea technology workshops in Aberdeen.

Exova has developed a high-specification ‘laboratory in a box’ concept for Subsea 7 in support of its project work offshore Congo and Angola.