Stay up to date with the latest news and updates from the pipeline industry.
GE Oil & Gas has announced that its Wellstream business, acquired in March, has been awarded a long-term, flexible pipe and subsea equipment logistics services contract by Petrobras). The long-term contract is initially valued in excess of US$ 200 million.
Chevron has been awarded a five year permit worth € 50 million (£71.87 million) to explore a huge shale gas play in Northeastern Bulgaria.
Shell Petroleum Development Company of Nigeria Limited (SPDC) has declared a force majeure for June and July 2011 on Bonny Light loadings as a result of damaged pipelines. The production deferment will affect loadings at the Bonny terminal and came into affect at 12 am on June 13th.
Brisbane-based Wood Group Wagners has been awarded the Project Management Services Contract for the GLNG Pipeline Project in Queensland, a development that will process coal seam gas (CSG) into LNG.
Eni has agreed to sell its 89% stake in the TAG pipeline to Cassa depositi e prestiti Spa for a total of 675 million euros.
Total is to sell its entire stake in Gassled to Silex Gas Norway AS, a wholly owned subsidiary of Allianz, for a price of NOK 4.64 billion (approximately US$ 870 million).
Equistar Chemicals, LP, a subsidiary of LyondellBasell, has signed an agreement to purchase approximately 200 miles of pipeline near Houston from BP.
Statoil ASA has decided to divest a 24.1% direct and indirect stake in Gassled joint venture (jv) for US$ 3.25 billion. Following this transaction, Statoil will continue to own 5.0% in the jv.
PETRONAS has formed a partnership with Progress Progress Energy Resources Corporation to develop the Altares, Lily and Kahta shale gas assets in northeastern British Columbia.
KBR has been chosen by Curtis Island LNG and Asia Pacific LNG to design three massive 42 in. gas pipelines to carry coal seam gas to the Curtis Island terminal from inland gasfields in Queensland, Australia.
McDermott International, Inc. announced today that one of its subsidiaries was awarded a contract by PEMEX Exploración y Producción for procurement, construction and installation of three oil and gas pipelines ranging from 8 to 20 in. in diameter, in Mexico’s Bay of Campeche.
Laura Severs, Edmonton Economic Development Corporation, Canada, discusses the Edmonton service area and its growing status as the world’s most politically stable oil reserves.