Business news - 27 March 2017

Hilcorp Alaska LLC has agreed to begin repair work on a leaking natural gas pipeline in Alaska’s Cook Inlet.

The Association of Oil Pipe Lines has recently hailed President Trump’s permit approval for the Keystone XL pipeline project.

The long-awaited Myanmar-China oil pipeline has been delayed again due to last minute negotiating tensions.

On 24 March, API welcomed federal approval of the Keystone XL pipeline expansion project.

Gazprom recently reviewed its goals of the ‘Year of Occupational Safety’, which was held in 2016. The company held workshops for managers and workers to help better organise and conduct hazardous operations. The initiative also promoted labour safety awareness among youth.

The Belle Fourche pipeline spill is now believed to have been approximately three times larger than originally estimated.

With profits rising for the first time in three years in 2016 and an expected 150% income surge, Sinopec plans to increase its spending by 44% this year.

According to MarketIntelReports’ new industry report, the oil and gas pipelines market is expected to perform well until 2020.