Business news

Fiber Optic Sensing Association presents annual FOSA Innovation Awards.

The CER announced it has approved Trans Mountain's variance application with conditions and it will release the reasons for its decision in the coming weeks.

Santos can proceed with construction of an undersea pipeline vital to its US$4.3 billion Barossa gas project after a court ruled in favour of the oil and gas firm.

Finland's President, Sauli Niinisto, said he had held constructive talks with China's, President Xi Jinping, over the damage inflicted last year to the Balticconnector gas pipeline.

The award recognises Emerson’s software and technology advances, helping global companies achieve optimal performance.

Global oil demand is due to rise by almost 2 million bpd in 2024, with China accounting for over 25% of that increase according to a report by Wood Mackenzie.

CRC Evans has signed an agreement for the sale of its Quantive Group inspection business, for an undisclosed sum, with completion expected to formally take place in early 2024.

The £1 million investment in developing its largest subsea Chopsaw to date has paid off for Decom Engineering following impressive results on its first deployment.

FOSA announces the runner-up and winner of its annual FOSA Project Awards – SAMM Teknoloji, and a collaboration between Dura-Line and LUNA.

Norway's export of natural gas via pipelines to Europe hit an all-time high in December but still declined by 6.7% overall in 2023.

The ‘South Gas Compression Plant Pipelines’ project is designed to increase the life of a large number of gas wells in the Haradh & Hawiyah fields in Saudi Arabia.

If successful, the deal would result in an entity valued at nearly US$17 billion.

The expansion project aims to increase the pipeline’s current capacity by 590 000 bpd, bringing the pipeline to a capacity of 890 000 bpd.

Trans Mountain Corp plans to begin line fill in March or May on its long-delayed Canadian oil pipeline expansion, depending on the diameter of pipe it uses and assuming no new problems.

FOSA has announced the election of four board members, as well as its officer slate for 2024.