Business news

Serimax has been commissioned to provide welding solutions on pipelines offshore Brazil.

As water scarcity grows, a GE survey shows that most Americans strongly support ‘toilet to turf’ water reuse solutions.

Chesapeake has closed the sales of its Permian Basin assets to SWEPI LP, Chevron, and Enervest Ltd for a total of US$ 3.3 billion.

The Keystone oil pipeline had been shut down earlier following safety concerns, but has now resumed flow, TransCanada states.

BP has agreed to sell its shareholdings in TNK-BP and will also acquire an additional shareholding in Rosneft.

The Canadian Minisry of Industry has blocked the sale of Progress Energy to Petronas Carigali Canada Ltd. on the grounds that it will not provide a net benefit to Canada.

The latest EIC monthly report shows an upsurge in new projects for Q3 2012 while total potential investment value is up 17% on the last quarter.

South Sudan is to start pumping oil through pipelines to Port Sudan following successful discussions with its neighbour Sudan.

ExxonMobil Canada today announced an agreement with Celtic Exploration Ltd. under which an ExxonMobil Canada affiliate will acquire Celtic.

Latin America’s largest utility has awarded Sempra Energy a contract to build and operate a pipeline stretching from Arizona to northwestern Mexico.

Poland’s Prime Minister, Donald Tusk, has announced plans to tax oil and gas companies at roughly 40% of their profits as the government begins to outline what it hopes will be seen as an investment-friendly regulatory framework.

The TAPI gas pipeline project interests Bangladesh, which could mean a pipeline extension.

Despite continued market volatility, Rio Tinto said it performed “strongly” in the third quarter with record quarterly Pilbara iron ore production and increased thermal coal production compared to the same period last year. “Our business is resilient and our operations are performing strongly”, said CEO Tom Albanese.

Nigeria’s government is attempting to reform the oil sector to clamp down on widespread fraud but faces opposition from vested interests in the executive, the oil ministry and the national assembly.

BP has received permission from the US Government to begin exporting crude oil produced by hydraulic fracturing to Canada.