Business news

Saipem has signed a Memorandum of Understanding to co-operate on major oil and gas projects in Iran.

The agreement marks the first step in a potential partnership collaboration on establishing a Maritime Complex in Saudi Arabia.

Triark Pumps is a finalist in the ‘Distributor of the Year’ category for the second year running.

Royal Dutch Shell has re-opened a key oil pipeline in Nigeria.

National Fuel Gas Company has announced several executive management changes.

Permasense has announced its impressive growth in 2015 with revenues totalling US$10 million.

Rosneft and Grupa Lotos S.A. agreed to extend the contract for oil supplies to Poland signed on 20 December 2013.

TransCanada is attempting to make headway in the oil refinery complex with its Houston Lateral pipeline and terminal, after President Obama rejected the Keystone XL pipeline expansion project.

The Unmanned Underwater Vehicles Showcase at OI16 has been extended to a day and a half-long conference.

World crude steel production reached 1622.8 million t for the year 2015, a 2.8% y/y decrease, according to the World Steel Association (worldsteel).

An update on Kinder Morgan’s current pipeline projects: Cortez Pipeline, Utopia East pipeline, Trans Mountain pipeline, Sierrita Gas Pipeline, Northeast Energy Direct Project and more.

Kongsberg Maritime has sold six of its HUGIN AUV systems to SeaTrepid International LLC.

LEAKlog leak detection sensors are used for inspection and surveillance of subsea installations as well as permanent leak monitoring applications.

Trudeau’s comments follow Montreal mayors’ attack on Energy East pipeline plans.

Churchill Drilling Tools’ HyPR HoleSaver™ is designed to free pipe in just a few hours.