Business news

recent announcement from the American Petroleum Institute regarding the release of its online safety standards.

Nabucco pipeline cancels Iranian feeder line due to the political situation in the country.

Technip has announced a strategic partnership with subsidiaries of PETRONAS, to work jointly on onshore and offshore projects.

Women from the Ugborodo community in southern Nigeria have blocked access to a Chevron pipeline in demand for betting living conditions.

Iran has been forced to curb its LNG ambitions and will require Chinese help to grow the sector.

Shell has declared a force majeure in Nigeria after repeated sabotage attempts on two major pipelines in Southern Nigeria.

Oil companies in Iraq may be too ambitious about production targets due to field characteristics and exportation problems.

Untapped oil reserves add to anxieties in the South China Sea as China’s energy policy and foreign policy fuse.

NNPC has entered into a partnership to develop a greenfields refinery with the Imo State government.

Do the environmental impacts of potential oil spills outweigh the economic effects of stifling exploration efforts, and can more be done to make oil and gas drilling safer?

IndianOil signs MoU with TIDCO to set up an LNG regasification terminal and gas driven power plant at Ennore in the Bay of Bengal.

BP is selling its gas, exploration and processing business in Colombia to a consortium of Ecopetrol and Talisman.

Natural Gas Partners has announced that CRC-Evans Pipeline International has been acquired by Stanley Black & Decker for US$ 445 million.

Lithuania has approved the construction of a floating LNG terminal to help it achieve greater energy independence.

Atlas is selling its Elk City facility to Enbridge Energy, expanding their interest in the Granite Wash.