Business news

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.

Kinder Morgan generates US$4.7 billion of distributable cash flow for 2015. Its 2016 cash in excess of dividend is expected to fully fund growth projects

But Shell’s profits take a hit the week before shareholders vote.

Mountain Valley Pipeline has secured a new 20 year natural gas shipper commitment with Consolidated Edison, Inc.

TransCanada's Energy East pipeline project has been causing more debates between politicians, environmentalists and aboriginal groups. Hearings to decide on the fate of the pipeline project are expected in 2016.

FERC has initiated investigations of four interstate pipeline companies’ rates.