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Business news

 

El Paso and KKR form midstream joint venture

El Paso Midstream Group, Inc., a subsidiary of El Paso Corporation, and Kohlberg Kravis Roberts & Co. (KKR) have executed agreements to create a new midstream joint venture.

 

UK to cash in on shale gas?

Cuadrilla Resources has found shale gas after drilling 4000 ft down into the Bowland Shale formation in Lancashire, Northern England.

 
 

Americas Downstream news

A round up of recent downstream news from Canada, North America and Latin America.

 
 
 

Opening oil exploration to the East Coast

The African Continent’s west coast has long been an oil rich haven for oil companies from the west to exploit, yet now with the continual discoveries of oil rich deposits in the east, companies are turning their attention to countries like Uganda, Tanzania and Mozambique to source large quantities of Africa’s oil reserve.

 
 
 
 
 
 

Petrobras to use Subsea 7 pipelay vessel

Petrobras has awarded a two year US$ 110 million contract to Subsea 7 for the exclusive use of its Lochnagar pipelay vessel for two years.