Business news

After four years, the Trans Mountain oil pipeline expansion will go into commercial service on 1 May 2024, reports Bloomberg.

The grants are set to fix old, leaky natural gas pipes, improve public safety, and reduce energy costs.

The deal, which was announced in December 2023, expands Pembina's midstream asset portfolio across Canada and the US.

Spread 5-B is the last segment to complete and Trans Mountain's schedule filed to the Canada Energy Regulator shows construction and testing wrapping up this month says Reuters.

Abu Dhabi’s Lunate has acquired a 40% stake in ADNOC’s oil pipeline infrastructure assets from BlackRock and KKR, says Reuters.

At PTC, Process Vision will be showcasing its process camera system, a comprehensive solution designed to provide unparalleled insights into pipeline operations.

Colonial Pipeline delays shutdown of Baltimore segment after bridge collapse.

Acteon Group has been acquired by private equity investors Buckthorn Partners and One Equity Partners.

Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than US$1 billion, reports Reuters.

Pakistan plans to ask the US to relax possible sanctions around a natural gas pipeline project from neighbouring Iran.

SEFE will take full ownership of gas transmission network, WIGA, by buying out joint venture partner Wintershall Dea, reports Reuters.

Enbridge said it would form a venture with I Squared Capital and pipeline firms WhiteWater and MPLX to connect Permian supplies to the US Gulf Coast, reports Reuters.

The Iraq-Turkey oil pipeline which once handled about 0.5% of global oil supply has been halted, stuck in legal and financial limbo, since March 2023 reports Reuters.

Imrandd has developed an asset management solution which harnesses AI to reduce inspection time and costs for offshore operators.

Following a leak, operations for Ecuador's privately operated OCP heavy crude pipeline were halted and transportation valves were shut, reports Reuters.