Business news

South Bow will run TC Energy’s crude oil pipelines business, including the critical Keystone pipeline system.

NDT Global, known for ultrasonic crack inspection and advanced inline diagnostics, has announced a development partnership with Enbridge Inc. focused on crack detection to the natural gas pipeline sector.

ICGB has signed an interconnection agreement with the neighbouring natural gas Transmission System Operator DESFA at the interconnection point (IP) located at Komotini, Greece.

Reuters has reported that oil and gas firms Diamondback Energy and Kinetik Holdings said they acquired a 30% equity interest in the EPIC Crude pipeline system.

Penspen, an international energy consultancy, has announced a strategic collaboration with Senslytics, a venture-backed start-up that develops artificial intelligence (AI) corrosion mitigation technologies.

Andrew Gardner said the North Sea network may shut down in 2030, with Labour’s oil and gas tax policies suffocating the industry.

Oil exports through the Iraq–Türkiye pipeline, which runs from Kirkuk to Ceyhan, have been halted since March, 2023 over ongoing legal disputes between the nations.

CRC Evans, a provider of welding and coating services, has expanded its apprentice program.

The open season will run for 30 days and commenced on 20 September 2024.

The US will continue to supply natural gas to North-West Europe as the region continues its decarbonisation efforts.

US gas company Chesapeake Energy's acquisition of Southwestern Energy is now expected to close early in 4Q24, Reuters cited the company’s CEO Nick Dell'Osso as saying.

SPE Offshore Europe is set to return to Aberdeen from 2-5 September 2025 as tens of thousands of delegates will gather to explore the theme ‘Unlocking Europe’s Potential in Offshore Energy’.

Despite its vast reserves, a South Sudan civil war and later regional conflict have severely impacted crude oil production in recent years.

Renewables projected to grow up to 80%; hydrogen demand revised down by up to 25%, fossil fuels set to ‘plateau’ rather than peak.

Penspen has announced the appointment of Andres Acosta, an Integrity Engineer, as part of its North America asset integrity growth strategy.