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Project news

 

Turnkey service agreements between Honghua and PDVSA

Three acquired oilfield turnkey service agreements between Sichuan Honghua International and PDVSA PETROLEO have amounted to approximately US$340 million. Through the agreements, Honghua will provide PCP, ESP, and pipelaying project upgrades.

 
 
 

Nord Stream 2: updates

Nord Stream 2 is set to increase the reliability of its gas supply to Europe, in addition to Gazprom and OMV signing a Memorandum of Understanding on its oil supply.

 
 

Obama vetoing Canada’s Keystone XL project could be good in the long run

Obama has yet to make a decision on TransCanada’s Keystone XL pipeline expansion project, though it has been reported a veto is on the horizon. However, this could be a good thing; newly elected Canadian PM Justin Trudeau intends to repair the damaged US-Canadian relationship and this rejection could be a way of doing it.

 
 
 
 
 
 
 
 

Russian gas to Poland

Gazprom and PGNiG address Russian natural gas supplies to Poland in recent meeting.