Business news

TechnipFMC has announced its intent to sell a vessel as part of its overall strategy to optimise the profile and size of its subsea fleet.

Transneft Diascan has held a working meeting with representatives of the Croatian oil pipeline operator Janaf.

The investment will allow Canes to acquire, construct, own and operate midstream assets in the United States.

Transneft Siberia has completed the replacement of several sections of the Surgut-Polotsk oil trunk pipeline.

The company is supported by an initial capital commitment of US$400 million from EnCap Flatrock Midstream and management.

Arkad-ABB SpA has been awarded an EPC contract to expand the Beni Saf compression station in Algeria.

Antin has signed an agreement to sell the company to BlackRock’s Global Energy & Power Infrastructure Funds and GIC.

API has awarded the Gold Medal for Distinguished Achievement to John S. Watson, former Chief Executive of Chevron Corporation.

The agreement follows on from a successful isolation workscope conducted on behalf of Saudi Aramco.

The pipeline’s repair and restart plan has been approved by the US Pipeline and Hazardous Materials Safety Administration.

The 2020 DuPont Safety and Sustainability Awards competition is now open for entries.

The agreement outlines the parties’ intention to co-operate in the joint development of the project, aiming to convey the Eastern Mediterranean gas resources to Europe.

Saudi Aramco joins World Bank’s initiative: ‘Zero Routine Flaring by 2030’.

The company has signed an agreement to divest to Repsol its 63% interest in, and operatorship of, its onshore business in the Eagle Ford, Texas.

The US EIA reports that of the 134 active natural gas pipeline projects it tracks, 46 have entered or are expected to enter service in 2019.