Business news

OPITO announces appointment of Stephen Marcos Jones as new CEO.

The investment will be directed towards oil and gas exploration, refineries, petrochemicals and pipeline infrastructure.

The new report from ABB Motion shows resource scarcity is leading to increased costs, supply chain disruption, and slowdowns in production.

US pipeline operator Enterprise Products Partners said its crude oil volumes last quarter grew 15% to a record 2.6 million bpd.

Under Bluewater, Kent revenues grew from US$200 million to US$1.4 billion.

Submission deadline is 2 February 2024.

Phillips 66, said it has shut a section of a natural gas pipeline it operates in the Oklahoma Panhandle after a fire and rupture.

Larry Bell has been elected to a two year term as Chairman of the Texas Pipeline Association.

The partnership aims to target closer co-operation, with a view to drawing on each other's technical skills, market knowledge and development capabilities in future projects.

DNV are set to provide comprehensive knowledge and skills programmes from its new training facility in Abu Dhabi.

GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank advisers by the total value and volume of M&A deals they advised on in the oil and gas sector.

ABB breaks ground on new US calibration hall to support growing demand for instrumentation in North America.

Wood has secured US$850 million in contract wins in the Middle East.

Morningstar DBRS has published a commentary on its 2024 Outlook for the pipeline and midstream sector.

Gazprom, which will operate Power of Siberia-2 has said it aims to start delivering gas by 2030 but agreement on key issues remains elusive.