PetroChina, China's biggest energy producer, will divest a 50 percent stake in Trans-Asia Gas Pipeline Co. to a unit of China Reform Holdings Corp., another state-owned company that acts as an investment firm charged with revamping government-run entities.
The STATS Group, founded in Aberdeen in 1998 as Specialist Tools and Testing Services and operating predominately in the piping and pipeline integrity and maintenance field, has made significant inroads into the Malaysian oil field services market with its Remote Techno Plug isolation technology.
Corinth Pipeworks S.A., a Greece-based global supplier of high quality steel pipes for the energy and construction markets, has been awarded a contract by Trans Adriatic Pipeline (TAP) to provide around 495 km of 48 " diameter line pipes for the Trans Adriatic Pipeline across Greece. This translates into some 270,000 tons of line pipe.
Anticipating the complete lifting of sanctions on Iran's oil and gas sector during the course of 2016, Iran's Minister of Petroleum Bijan Zanganeh says Iran will soon become a major player in the global gas market.
TransCanada has secured a major $500 million contract to build, own and operate (BOO) the Tuxpan-Tula Pipeline in Mexico. The award complements previous TransCanada agreements to build and operate gas pipelines in Mexico.
President Obama announced over the weekend that the construction of the Keystone XL Tar Sands Oil Pipeline was not in the national interests of the United States.
The decision culminates a seven year review process undertaken by the Department of State and throws into general doubt the export of tar sands oil to foreign markets.
Trans Adriatic Pipeline AG, which is overseeing the development of a transnational natural gas pipeline from the Caspian Sea to Europe, has selected Salzgitter Mannesmann International GmbH to supply roughly 270 km of the onshore 48" line pipe as well as 1,559 pipe bends needed for both onshore (48") and offshore (36") use.
ILF, one of the world's leading engineering companies offering design and consulting services for the development of critical and complex infrastructure projects, has provided the design and supervision services for 1,200 km of four key high pressure natural gas pipelines operated by GAZ-SYSTEM S.A.
Penspen, a leading engineering and management services company based in London, has been awarded a contract worth $4.3 million from Gas Transmission Company Limited (GTCL), (A Company of Petrobangla) under the Ministry of Power, Energy and Mineral Resources of Bangladesh.
With oil prices hovering below $50 per barrel and expectations that they could go even lower, OMV has announced its intention to sell 49 percent of its wholly-owned subsidiary Gas Connect Austria (GCA), which company officers say will strengthen OMV's cash flow and balance sheet.
Sinopec, Asia's biggest downstream company, has received approval from China’s National Development and Reform Commission to build a 8,400-kilometer pipeline network carrying up to 30 billion cubic meters of gas per annum from the gas fields in northwest China to the southern and eastern provinces around Guandong.
With a total of 39 Cat gas compression engines heading to the new 830 mile interstate Rover gas pipeline in Ohio, Caterpillar has announced its largest single-project order since the company's founding in 1925.
Siemens AG has signed an unprecedented long-term service contract running 18 years with Dolphin Energy, a UAE-based company responsible for operations, maintenance and managing the UAE gas network, headquartered in Abu Dhabi.
Fugro, the world’s largest integrator of geotechnical, survey, subsea and geosciences services, has been awarded a contract by Blue Stream Pipeline Company B.V. to provide survey support vessels and other services related to the external inspection of the Blue Stream Pipeline.
Finland and Estonia announced their intention to work together to build a natural gas pipeline between Finland and Estonia, which would connect Estonian and Finnish gas grids. Dubbed the Balticconnector, the pipeline would increase Finnish import capacities by providing access to the Latvia's natural gas storage in Inčukalns.