Business news - 29 April 2014

HB Rentals has become one of the first UK companies to receive the new industry standard for its offshore service modules.

PHMSA: 2013 marked a record year for civil penalties assessed and a minimum number of serious pipeline incidents; some staff cuts at PHMSA to come in 2014.

Engineering company Power Jacks has marked record growth in its 25 year history.

El Paso Pipeline Partners is set to purchase Kinder Morgan’s 50% interest in the Ruby Pipeline, 50% interest in Gulf LNG and 47.5% interest in Young Gas Storage.

McDermott achieves industry first rigid reel-lay pipe-in-pipe offshore Malaysia.

Williams has suspended investments in its proposed Bluegrass NGL pipeline, primarily due to an insufficient level of customer commitments.

Ng Weng Hoong examines the new growth hurdle faced by China’s hazardous mix of new and ageing oil and gas pipeline infrastructure.

Jayhawk announce farmout agreement with Vast Petroleum, covering Jayhawk's natural gas pipeline and adjacent natural gas wells in Crawford and Bourbon County, Kansas.

GE, PEMEX and IMP have signed a technology collaboration agreement focused on the oil and gas sector, with the sponsorship of Petroleos Mexicanos.

Gazprom took note of the information on the progress with the South Stream gas pipeline and implementation of associated projects in Russia.

Genesis Energy, L.P. has announced plans to conduct a binding open season to solicit shipper interest in a new crude oil transportation pipeline in Wyoming.