Business news

French company Technip has signed a contract with Petrobras purportedly worth US$ 2.1 billion

Following a Turkish ministry decision in 2012, Nabucco Gas Pipeline International has submitted the Environmental Impact Assessment (EIA) Report to the Turkish Ministry of Environment and Urbanization.

Total has signed an agreement with Sinochem to sell TEPMA BV. This fully owned affiliate of Total holds a working interest in the Cusiana field as well as a participation in OAM and ODC pipelines in Colombia.

A trade association representing high-tech American petroleum product manufacturers has spoken out in favour of the North American Energy Access Act.

A brief roundup of the latest construction news from the downstream industry.

Pipeline politics in Central Asia intensify in place of an outright scramble for oil and gas resources. Ng Weng Hoong investigates.

Following President Obama’s rejection of the Keystone XL project, TransCanada Corp. may be considering a shorter pipeline path, bringing oil from Montana's Bakken Shale to refiners in the Gulf of Mexico.

Competition to build Europe's southern gas corridor has intensified on as TAP and ITGI have said they would welcome co-operation with the Trans Anatolian gas pipeline (TANAP).

Nordstream, Gasunie, Gate Terminal and Qatar Gas emerged as the overall winners in the closely contested European Gas Conference Awards.

American Fuel & Petrochemical Manufacturers call on President Obama to take action on domestic energy

Tenaris and CRC-Evans have entered in a strategic co-operation agreement for offshore pipeline applications.

Polish company, Lotos, will begin drilling operations in Lithuania in the hopes of finding shale gas.

Apache moves in on Cordillera in order to expand its available oil and liquid petroleum fields as well as gain access to tight gas reserves.

The Swedish company, Lundin Petroleum, has stated that its production figures would come in near the top end of its forecast for the coming year.

As fire continues to ravage the KS Endeavor, chartered by Chevron, there are claims that crude oil has begun to wash ashore.