Business news

Gas Natural Inc. completes sale of former corporate headquarters and secures US$3 million bridge financing.

Wood Mackenzie has outlined the key levers that will determine the global gas floor price as the market absorbs a wave of LNG.

Three acquired oilfield turnkey service agreements between Sichuan Honghua International and PDVSA PETROLEO have amounted to approximately US$340 million. Through the agreements, Honghua will provide PCP, ESP, and pipelaying project upgrades.

Technip has been awarded a substantial contract to supply the first flexible pipes for the Libra pre-salt field.

Mart Resources Inc. and its co-venturers have provided updates on Umusadege field production.

The board of directors of Dominion Midstream GP LLC has declared a 3Q15 cash distribution of US$0.20 per unit

Hydratight’s ‘right first time’ philosophy and international reputation for high standards of deliverables helped to secure the critical scope of the competitive tender.

A major co-operation Framework Agreement is signed between Nuclear Power Institute of China (NPIC) and Lloyd’s Register Energy for first-of-a-kind floating nuclear vessel.

The National Energy Board has released new details for the Trans Mountain Pipeline Expansion Project hearings, issuing a procedural direction for an oral summary argument.

The Federal Energy Regulatory Commission prepared an environmental assessment for Tennessee Gas Pipeline Company’s Connecticut Expansion pipeline project.

Nord Stream 2 is set to increase the reliability of its gas supply to Europe, in addition to Gazprom and OMV signing a Memorandum of Understanding on its oil supply.

The continued deceleration in global demand was partially offset in Volvo CE’s third quarter 2015 results.

The two new giant compressors that started up on the Troll A platform this month will help increase gas recovery by 83 billion cubic metres. The occasion attracted a platform visit from EEA and EU affairs minister Vidar Helgesen.

Wordsworth: Technology transformation is happening at an increasingly fast pace and in the oil and gas sector never more has such innovation been needed.

New Liberal government set to lay down new, tougher review process for Trans Mountain pipeline project.