Business news

Airswift has announced that it has formed a bespoke executive search firm, Ducatus Partners.

Oil Search Ltd and Total SA have announced that they have entered into an exclusive Memorandum of Understanding.

Shell Midstream Partners L.P. has reported the pricing of an underwritten public offering of 10 500 000 common units representing limited partner interests.

According to APPEA, there is an urgent need to address the decline in Queensland exploration experienced over recent years.

PDVSA, Roffco and IMR Global Supply Ltd have completed the first ever project to replace large diameter steel oil pipelines with flexible oil lines.

Petronas has recorded a group pre-tax profit of RM6.8 billion for 1Q16, 60% lower than the RM17.0 billion posted in 1Q15.

The Economist Intelligence Unit has announced that it maintains its forecast that Brent will average US$40/bbl in 2016.

The global IT spending market in the oil and gas industry is expected to grow at a CAGR of around 1% during the period 2016 - 2020, according to Technavio.

Under the auspices of Alexis Tsipras, Prime Minister of the Hellenic Republic, the Trans Adriatic Pipeline marked the start of construction of the pipeline project.

Chesapeake Utilities Corporation's natural gas transmission subsidiary has begun the regulatory process for its 2017 expansion project.

CFIUS has cleared the proposed acquisition of Columbia Pipeline Group by TransCanada.

Navitas Midstream Partners has announced a long term agreement with Encana Oil and Gas.

Trelleborg has signed a 6 yr framework agreement with Statoil for the supply of Elastopipe.

Tracerco has completed a major US$5 million upgrade of their facilities in Houston, Texas, US.

Forum Energy Technologies delivers nine of its largest subsea pig launchers and receivers systems to North Africa.