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Business news - 17 May 2012

Enbridge plans C$ 3.2 billion pipeline expansion

Canadian company Enbridge has outlined plans for a C$ 3.2 billion pipeline expansion programme designed to increase the flow of oil from Canada and North Dakota to the US.

 

ABB wins order for subsea pipeline construction vessels

ABB has won an order worth US$ 18 million from Daewoo to supply energy efficient propulsion and electrical power systems for two new deep sea pipeline installation vessels that will build oil transport infrastructure off the coast of Brazil.