Business news

Merger announced of Michels’ two in-house design and engineering firms.

With this acquisition, SPIE Global Services Energy expands its core expertise in technical maintenance to include power generation assets.

Utonomy and Gasnatet Stockholm have announced the expansion of their partnership in an important contract covering pressure management for another five regulator stations on the Stockholm distribution network.

Share buybacks at risk as companies face toughest strategic balancing act yet.

EIG acquires a 49.87% stake in Transportadora de Gas del Perú (TgP).

Uniper will launch the sale of its 20% stake in the regulated OPAL gas pipeline, in accordance with the European Commission’s state aid approval decision of 20th December 2022.

This move strengthens TDW’s ability to deliver advanced hot tapping and isolation solutions to pipeline operators throughout the region.

Oil and gas companies in the UK, Canada and Australia are failing to fully disclose the costs of decommissioning their fossil-fuel-related infrastructure, leaving investors with incomplete and non-comparable information.

Wood Mackenzie releases five charts that spotlight the most significant trends reshaping the sector globally.

The agreement, signed today at Kongsberg Discovery’s facility in Horten, Norway, was lauded as “a natural partnership”.

Wood Mackenzie offers some key takeaways from COP30.

Subsea pipelines, power cables, offshore platforms, and sensor arrays have become critical to modern society – and increasingly vulnerable. The Joint Declaration of Baltic Sea Security, signed on 20 November, provides a platform for regional collaboration and protection. Kongsberg welcomes this initiative.

Alleima continues to strengthen its position in the Chinese market by inaugurating its production mill in Zhenjiang – an investment of SEK 255 million (RMB 193 million).

An independent study commissioned by Ithaca Energy and endorsed by OEUK shows that 65% of UK crude production ultimately serves the UK market through the European refining network.

Report notes that contractors have become central to the industry’s decarbonisation efforts.