Business news

CRC Evans provides a dedicated fabrication division from its Texas facility; to formalise the offering as a distinct service.

DRIFT Offshore and Kystdesign collaboration addresses subsea skills shortfall.

DeepOcean strengthens pipeline repair capabilities.

Combination expands portfolio of offerings to pipeline operators.

Following the transaction, Gulf Coast Express Pipeline LLC will be jointly owned by subsidiaries of Kinder Morgan, Inc. and affiliates of ArcLight Capital Partners, LLC.

Boardwalk Pipelines, LP's Board of Directors is announcing that it has made a final investment decision approving the Kosci Junction Project.

Reuters has reported that Summit Carbon Solutions' massive carbon dioxide pipeline proposal would need to be reassessed if the US repeals tax credits for carbon capture and storage, a company attorney said on Thursday.

The divested natural gas and oil pipeline systems include a combination of both recently purchased and legacy company-owned midstream infrastructure and exclude any water infrastructure or surface acreage.

“We expect 4% growth from 2024 in Adjusted EBITDA and 8% growth in Adjusted EPS due to growth projects in all our business segments, but most prominently in Natural Gas Pipelines and Energy Transition Ventures,” said Kim Dang, KMI Chief Executive Officer.

Tenaris and IGI Poseidon, a joint venture between Greece’s DEPA International Projects and Italy’s Edison S.p.A., have joined forces to advance the hydrogen transportation via ultra-deep offshore pipelines.

DT Midstream, Inc. has announced that it has closed the previously announced offering of US$650 000 000 of 5.800% Senior Secured Notes due 2034.

STATS has announced a significant expansion of its operations in the Kingdom of Saudi Arabia, marking a strategic milestone in the company's global growth.

Macquarie Asset Management announces new partnership with Dow, forming Diamond Infrastructure Solutions, a venture focused on managing and expanding key US Gulf Coast infrastructure assets, including pipelines.

STR has secured STAR as its new majority shareholder, as the global subsea sensor equipment and solutions provider sets out an ambitious growth strategy, targeting offshore energy and infrastructure.

The British energy company could raise up to US$3 billion from the sale, says Reuters.