Business news - 18 December 2013

Wood Mackenzie reports that the proposed Uganda-Kenya pipeline will unlock African hydrocarbon reserves.

TransCanada Chief Executive Officer sees Mexico oil pipeline opportunities if the market opens.

Written Ministerial Statement by Edward Davey on the discussions at the EU Energy Council on 12th December 2013.

Penn Virginia Corporation sells Eagle Ford Shale natural gas midstream assets for US$ 100 million.

Technip has been awarded its largest contract for project management consultancy services in Kuwait.

GlobalData has anticipated that Europe, the Middle East and Africa will dominate the building of natural gas processing plants between 2013 – 2017 and increase the region’s capacity by 10.1 trillion cubic feet during this time.

Wood Mackenzie has reported that the deepwater of the western Black Sea could offer a new source of gas for Eastern Europe.