Business news

FFL Partners agrees to sell its investment in Ovarro to Indicor, LLC, a leading diversified industrial company specialising in mission-critical technologies across various niche markets.

The Matterhorn natural gas pipeline in Texas was moving small amounts of gas from the Permian basin in West Texas toward the Gulf Coast, reports Reuters.

The sale forms part of Phillips 66's strategy to monetise non-core assets and streamline operations, details GlobalData.

Last week’s acquisitions are likely to be a prelude to more M&A in the midstream sector, says Bloomberg News.

US carbon capture and storage stakeholders must overcome serious trust deficits to meet net zero potential new research shows.

The overall value of the two contracts is approximately US$1 billion.

Finindus, backed by steel manufacturer ArcelorMittal and the Flemish Region, completes the latest investment round for CorrosionRADAR.

Intero - The Sniffers is pleased to announce a multi-year strategic partnership with a leading energy company in Central Eastern Europe.

The CO2 will be transported to an offshore platform through converted gas pipelines and then injected and stored at a depth of 3000 metres in an old gas reservoir, details Reuters.

Russian President Vladimir Putin has arrived for a state visit in Mongolia, which lies on the route of a planned new gas pipeline connecting Russia and China reports Reuters.

ICR Group, together with its regional partners, has secured US$3.5 million in contracts in the Middle East over the past four months.

Shell Pipeline Company LP and Triton West LLC, respective subsidiaries of Shell USA, Inc., have agreed to sell their 100% interest in the Sinco pipeline system and Colex terminal to a subsidiary of Edgewater Midstream.

The national security services from seven European countries provided a briefing to Norwegian energy executives and officials, regarding Russia's suspected threat to critical infrastructure, says GlobalData.

Ukraine will continue to meet its obligations to transit Russian oil to Europe after earlier suggesting it could halt supplies via the Druzhba pipeline next year, says Reuters.

The SPE Aberdeen Offshore Achievement Awards 2025 officially launched on 30 August, 2024, with a line-up of new categories.