Business news

How can companies protect their workers in the event of the collapse of governance and civil authority in the countries where it operates?

South Africa’s cabinet has voted to extend the moratorium on shale gas ’fracking’ for another six months until further studies can be conducted.

DCP Midstream has approved the construction of the Sand Hills pipeline to provide new capacity for natural gas liquids transportation from the Permian and Eagle Ford producing basins to market centres along the Gulf Coast.

Demand for subsea vessels is projected to make a strong recovery as confidence returns to the industry and more deepwater projects are sanctioned.

A group of US businesses and business groups, including API, have written a letter to President Obama asking him to intervene in the implementation of stringent new standards.

The Securities and Exchange Commission has sent a subpoena to Exco Resources demanding that they hand over documents which prove actual well production and reserve estimates.

Hunting PLC, the international energy services group, has agreed to acquire TSI Acquisition Holdings LLC and its subsidiaries including Titan Specialties, Ltd. for a total consideration of US$ 775 million (approx £475 million).

The American Public Gas Association comment on the Environmental Protection Agency’s propositions to amend the greenhouse gas reporting rule.

As Burma and China improve their resources development partnership, concerns have arisen over the impact such the joint ventures will have on conflict and stability in the region.

Israel's National Planning Council has given final approval for a plan to establish a floating LNG terminal off its Mediterranean coast.

API CEO releases a statement in support of budget negotiators of the bipartisan debt ceiling bill, which passed through Congress on August 2nd.

Penn Virginia Corp. is to sell all of its Arkoma Basin properties, together with certain other Mid-Continent properties, to an undisclosed buyer for US$ 30.5 million in cash.

Holly Energy Partners has announced two expansion projects to provide 60,000 bpd of additional crude pipeline take-away capacity resulting from increased Delaware Basin drilling activity in southeast New Mexico.

Baker Hughes announced it has completed its first unconventional hydrocarbon shale hydraulic fracturing and stimulation project in Argentina for Repsol YPF in the Neuquén basin.

Oil ministers for Iraq, Syria and Iran have signed an Mou for the construction of a gas pipeline to transfer Iranian gas to Europe.