Business news

The oil and gas flow computer market was valued at US$727.7 million in 2014, and it is estimated to reach US$1.04 billion by 2020.

Seatronics has announced it has become the first to sign up to enhanced accreditation as a supplier of third party calibrations to the ROV and survey communities, globally.

A report provides a global length and capital expenditure outlook for oil and gas pipelines; US and Russia lead global pipeline expansion in bid to capture markets.

Permasense has announced stellar growth results for 2015 with revenues totalling US$10 million, a 35% y/y increase.

Huntingdon Fusion Techniques’ purging welds can be used where a conventional Tandem Weld Purging System cannot be.

NVI LLC has recently closed an agreement with A3 Remote Monitoring, which will generate very important costs savings in the US pipeline industry.

The rules proposed by the Colorado Oil and Gas Conservation Commission (COGCC) conflict with the Task Force’s original recommendations, according to the CPC.

Merger will result in formation of Airswift Holdings limited.

As a result of IRM Systems’ new approach to pipeline repair, the company was able to reduce project costs and thus was completed on time for less money.

The Shuman Law Firm has begun investigating Plains All American Pipeline, L.P. to determine whether the company has breached its fiduciary duties of pipeline operation and safety regulations.

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.