Richard (Dick) B. Williamson, presiding board chairman, president and CEO of T.D. Williamson, will be stepping down in favor of his younger brother, Stephen Williamson, who has served the board of directors since 1977 and most recently held the position of Vice Chairman. Dick will take on the position of chairman emeritus at the company.
NDT Global, a leading supplier of inline inspection (ILI) and data analysis, today announced two new management appointments. Thomas Wolf has been appointed as CEO of the European operating company and Steve Gaida has been appointed as CEO of the Canadian operating company.
According to the reports which we cite below, BP is selling off its stake in United Kingdom Oil Pipeline (UKOP) and four of its UK-based fuel storage terminals. BP co-owns UKOP with Total of France, Valero of US and Royal Dutch Shell as a part of a consortium.
The Trans Adriatic Pipeline (TAP) is planning to open the Southern Gas Corridor for transporting Caspian natural gas to Europe. For this project, they have awarded Siemens to supply six 15-megawatt SGT-400-driven turbo compressor trains.
Argentina’s largest electric utility Pampa Energia revealed that they are selling their indirect stake in the pipeline operator Transportadora de Gas del Sur (TGS) for $241 million. This deal will allow Pampa to work on with the procedures to buy Petrobas Argentina.
JFE Steel Corporation made an announcement on July 08 that it will supply major steel materials for the completion of the Trans Adriatic Pipeline (TAP) project. The unincorporated consortium of Marubeni-Itochu Steel Inc. (MISI) and Corinth Pipeworks Pipe Industry S.A. (CPW) won the contract for this project.
One of the largest natural gas pipeline operators in USA, Kinder Morgan, has made an official announcement on July 10 that they are selling 50% of its stake in the southeastern pipeline system. Southern Company is buying half of the equity interest in the Southern Natural Gas pipeline system, which will be continued to be operated by Kinder Morgan.
On June 28, Kinder Morgan, Inc. made a formal announcement that they are selling 50% equity interest of the Utopia pipeline project to the Riverstone Investment Group (LLC). To acquire the rights to become a partner of the project, Riverstone has to make an upfront cash payment to Kinder Morgan.
OptaSense, a UK based worldwide leader in Distributed Acoustic Sensing (DAS) and its partner Optilan, a giant company in the world of communications and security systems provision, were awarded the contract running into $30 million early this year. As of now, the project is now entering the phase of equipment delivery.
Back in 2015, Energy Transfer Equity LP (ETE) took a major step consolidating a $33 billion takeover of Williams Cos. (Williams). It was being considered as a major deal, which could create one of North America’s largest energy franchises.
Interested in divesting what are seen as non-core assets in a period of sustained low oil and gas prices, Qatar Petroleum has sold its stake in oilfield services firm Al Shaheen Holding to Milaha Capital, the wholly-owned investments subsidiary of Qatar Navigation QSA.
ROSEN Group, a global supplier of leading technology in all areas of the pipeline integrity process chain, has secured a major three year contract with PETRONAS Carigali Sdn. Bhd (PCSB) of Kuala Lumpur, Malaysia for Sarawak and Sabeh operations.
Yokogawa, an innovative US$3.7 billion company engaged in industrial automation and control (IA), test and measurement, and aviation and other businesses segments worldwide, has announced that it has received a large order from the Gas Transmission Company Limited (GTCL) in Bangladesh for a gas distribution pipeline project in the country.
Spectra Energy and TransCanada have been awarded a $3.6 billion contract from the Mexican government to build a 1070-km natural gas pipeline from Corpus Christi to the port city of Tuxpan on the Gulf of Mexico. The pipeline, carrying shale gas from the Eagle Ford rock formation, will ultimately connect with Mexican power plants to help meet the country's growing demand for energy.
TransCanada has received the final permits from the B.C. Oil and Gas Commission for the $4.8 billion, 650 km Coastal GasLink pipeline from northeast B.C. to the west coast B.C. to serve export markets.