Business news

A letter of intent has been signed by authorities in Malta and Sicily, which will “draft the way forward for this [pipeline] project.”

STATS Group has invested over £3 million in developing a range of hot tapping machines, expanding its fleet of pipeline intervention service equipment, and opening a new facility.

National Oilwell Varco is investing in two manufacturing plants that will enhance its presence in the Middle East and North Africa region.

Targa Resources Corp. has announced plans to construct a new common carrier natural gas liquids pipeline from the Permian Basin.

Palm Beach Capital Fund IV, L.P. has made an investment in Neptune Research Inc. and the related FloTex, LLC.

Kinder Morgan Inc. has announced a final investment decision for the Trans Mountain Expansion Project.

A gas pipeline has been attacked in Nigeria by suspected rebels.

Belzona will be exhibiting at OGA 2017, Asia’s largest oil and gas industry event, organised by Malaysia's leading exhibition organiser.

The 470 000 bpd Dakota Access Pipeline (DAPL) will start operating in June, but the ramping up of throughput will take time as Bakken production rises.

The National Energy Board has announced that it will hold a public hearing to review an application from Enbridge to replace a section of its Line 21 pipeline in the Northwest Territories.

Ashtead Technology has received further endorsement from the UK Accreditation Service (UKAS) for its enhanced range of calibration services.

Financial terms of the transaction were not disclosed.

SkyX has received US$4 million of a planned US$5 million investment from Kuang-Chi Group.

The Polish Oil and Gas Co. has called for the European Commission to fine Gazprom and create competitive conditions on the gas market.

M² Subsea has secured a contract to carry out unexploded ordnance identification surveys using its remotely-operated vehicles as part of the Nord Stream 2 project.