Business news

The newly-inaugurated project cost US$710 million, with US$540 million financed by the World Bank and the Development Bank of Latin America and the Caribbean, says Reuters.

The US Energy Information Administration has reported that US exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 million t in 2023, up 135% since the United States began exporting ethane in 2014 and 17% more than in 2022, according to data from the US Census Bureau.

Enbridge Inc. has begun talks with its customers about expanding its Mainline pipeline network to handle growing volumes of Canadian oil output.

WhiteWater has reached a final investment decision to move forward with the construction of the Pelican Pipeline after having secured sufficient firm transportation agreements with shippers.

Company targeting numerous strategic hires and partnerships to build on and accelerate existing low-carbon activities.

As a leading trade body for the UK offshore energy sector, OEUK CEO David Whitehouse, has responded to the Autumn Budget.

ONEOK, Inc. has announced the successful completion of its acquisition of Medallion Midstream from Global Infrastructure Partners, for a total cash consideration of approximately US$2.6 billion.

Terry Allan, CEO of nexos - a UK engineering, procurement and construction (EPC) provider across oil and gas and new energy sources, responds to the UK Autumn Statement.

Following the Autumn Budget, George Morrison, CEO of Aquaterra Energy commented "The government’s commitment to 11 new green hydrogen projects and £22 billion for CCS is a promising nod toward the future of the UK energy sector."

Beatrice Barleon, Head of Policy and Public Affairs, EngineeringUK, responds to the UK's Autumn Budget and looks forward to supporting the Government with the development of key growth-driving industries, many of which depend heavily upon the supply of skilled engineers and technologists.

EnerMech has completed a milestone pre-commissioning project in the Gulf of Mexico, marking the organisation’s largest nitrogen membrane spread to be deployed to date in this geography.

Addition of controls and instrumentation engineering specialist bolsters company’s growth strategy.

Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about US$3.5 billion, says Reuters.

According to Reuters, a wave of consolidation in the top US shale field has concentrated output in the hands of companies that are promising to restrain output so as not to crash prices by over-producing. Pipeline firms also have embraced acquisitions over new construction.

SEFE has announced it will purchase natural gas from ConocoPhillips over the next ten years