Business news - 24 April 2014

Construction work on the Bulgarian section of the South Stream gas pipeline will be underway by June at the latest.

Technip has approved the consolidated financial results for the first quarter of 2014, which revealed a 23.3% increase in revenue and a 42% fall in net income.

Technip agrees to sell its majority share in Seamec Limited.

Dresser-Rand has introduced a new valve for use in all brands of reciprocating compressors, at both high and low speeds.

The NEB is making US$ 2.5 million available under its Participant Funding Programme to support participation in the hearing for the proposed Energy East Pipeline Project.

Marsol International and Aubin have teamed up to provide an industry-first pigging solution for non-piggable pipelines.

Tracerco has announced the recent granting of a patent for its oil and gas flow measurement technology.

Long live technological advancement to keep us moving, says GE Power Conversion’s Giacomo Del Panta.

The Colombian army has successfully conducted an emergency management exercise for oil company Ecopetrol.