Business news

Iran is planning to begin construction of the Iran-Pakistan pipeline next month but faces a number of serious political and security concerns, which may mean that it never realises its potential.

Russia’s OAO Transneft has confirmed that the Caspian Pipeline Consortium’s crude pipeline that runs from northwest Kazakhstan to the Black Sea will reach full capacity by 2015.

Peter Hardy, Head of Technical Services, The Institution of Gas Engineers & Managers (IGEM), UK, looks at the thriving role of natural gas in the UK’s energy future.

The American Petroleum Institute comment on Ohioan lawmakers urging the expansion of natural gas development.

The Ukrainian regions of Donetsk and Kharkiv have voted to join Shell in a products sharing agreement in the Yuzivske shale gas filed which will accord them a 31–60% share of produced gas.

Shut down following a leak at an offshore platform, a crucial Brent oil pipeline in the North Sea has been cleared for start-up.

The Czech Republic has opened a natural gas pipeline that provides an alternate route for Russian energy imports and will help supply other parts of the EU.

Azerbaijan’s Shah Deniz gas group has agreed a deal to obtain a stake in the Nabucco pipeline, boosting the gas pipeline project's chances against a rival pipeline.

The US Energy Information Administration (EIA) has released its first Short-Term Energy Outlook for 2013. The EIA predicts average Brent crude oil and Henry Hub natural gas prices spot prices will fall compared to 2012. Coal’s share of the energy mix will rise.

TransCanada has been selected to develop the CAN$ 5 billion gas pipeline network, which will provide feed gas for the Pacific Northwest LNG export facility.

The Canadian energy pipeline operator has announced expansion plans on its oil pipeline systems in the US and Canada, worth Cdn$ 600 million.

PIRA Energy Group provide a report on the global economic backdrop and oil markets.

Azerbaijan's Shah Deniz II gas group is reported to take over a 50% stake in the Nabucco pipeline consortium in early 2013.

A pipeline services company has unveiled its new ILI reporting software

Statoil has acquired 70,000 acres of liquid rich shale acreage in the Marcellus shale area for a total cost of US$ 590 million.