Business news

Shell have decided to stop its Alberta oilsands project, due to cutting costs in addition to a shortage of pipeline capacity, which constrains the growth of Canada’s oilsands industry.

An update on Gazprom’s latest endeavours: gas transit and supply issues, co-operation development, and the Ukhta – Torzhok-2 pipeline.

TransCanada Corporation has received final permits from the BC Oil and Gas Commission, giving regulatory approval for the construction and operation of the Prince Rupert Gas Transmission pipeline project.

DCP Midstream Partners has announced its quarterly distribution.

IBM Board approves quarterly cash dividend; authorises US$4 billion for stock repurchase.

API poll reveals that the majority of Colorado voters support increased production of natural oil and gas.

Energy Minister Andrea Leadsom is set to answer the House of Lords’ questions on the EU energy governance.

Lloyd’s Register Energy launches new study revealing the need for greater collaboration, data analysis and cultural change to address the innovation challenges in oil and gas.

As a leader in process flow engineering, Flowrox will showcase a complete line of products and solutions for the chemical industry.

Primus Green Energy and Jereh announce global collaboration to deploy gas-to-liquids systems.

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.