Business news

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 133.7 million t in July 2016.

GlobalData Energy has published the following ‘Q2 016 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in the Global Offshore Industry - Brazil Leads Globally with Staggering Pipeline of Planned Projects’ report.

Despite significant discouragement, pipeline opponents turn out in full force for FERC meetings on proposed PennEast pipeline project.

Research and Markets' report notes that the global flexible pipes market for the oil and gas industry will grow at a CAGR of 3.56% during the period 2016 - 2020.

GE Oil & Gas has been awarded a multimillion dollar frame agreement to supply subsea wellheads to Oil and Natural Gas Corporation Limited. Under the three year agreement, GE will provide an estimated 55 wellheads to support ONGC’s exploratory drilling campaign in India.

Serica Energy resumes operations after clearing a blocked pipeline and maintenance procedures.

NCH Europe has outlined the benefits of compact pipe repair kits and has introduced its Mega Pipe Repair HD range.

Gazprom’s board of directors has considered the information regarding the effect of the Western sanctions on Gazprom Group and its corresponding mitigation measures.

The ECITB has recently launched its Project Collaboration Toolkit for the oil and gas Industry.

Huntingdon Fusion: “reduce waiting times dramatically that they pay for themselves in less than one weld.”

James Fisher Subsea Excavation has brought the SP12000 mass flow excavation tool to the market, which has a capability of more than 6 t of thrust at full power.

The Association of Oil Pipe Lines releases new report on pipeline safety performance and how to further improve pipeline safety.

The US PHMSA has issued an advisory bulletin to clarify the regulatory requirements for classifying pipelines based on their operational status.

Iran and Oman have begun reviewing the deepwater pipeline route, which is set to transport Iranian natural gas to Oman.

ROVOP to create new jobs, following the completion of successful pipeline installations in the Gulf of Mexico.