Business news

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

Refiners on the US Gulf Coast are increasingly turning to Latin American heavy crude as Canada’s recently expanded Trans Mountain pipeline reroutes global oil flows.

Read MMLP’s response to opposition of its planned takeover by Martin Resource Management Corp.

Flagship summit to debate key challenges facing offshore contracting sector including sustainability, safety, and people.

In total, this round of funding will support 60 modernisation projects for natural gas pipelines across 20 states.

The 20 year contract will boost CNRL’s space on the pipeline by about 75% to roughly 164 000 bpd, according to Bloomberg calculations.