Shawcor, a leading global energy services company with a track record of executing some of the pipeline industry's most complex projects, has moved to enhance its pipeline engineering and integrity management services with the acquisition of Lake Superior Consulting, LLC for an undisclosed sum. The deal also includes a potential earn out payment to be made in 2016.
Tallgrass Energy Partners (TEP) announced this week that it is acquiring an additional 31.3 percent interest in the 760 - mile Tallgrass Pony Express crude oil pipeline running from Guernsey, Wyoming to Cushing, Oklahoma.
The company will offer a cash consideration of $475 million and 6.518 million TEP common units issued to Tallgrass Development.
thyssenkrupp has announced that it will provide quality flat steel and logistics for a 440 km liquid gas pipeline running the length of Texas, the second biggest state in the USA, from Baden to Mont Belvieu. 44,000 tons of hot wide strip in grade X70 steel is required for the construction of the pipeline. The steel is a micro-alloyed fine-grain grade with a yield strength of 485 MPa.
Fluxys has tied up an agreement with Gazprom to acquire the Russian gas giant's 10 percent stake in the UK Interconnector, owner and operator of the offshore pipeline between the UK and Belgium.
Statoil has awarded contracts with a value estimated at slightly less than 2.5 billion Norwegian Kroner for the line pipe, coating and pipe installation of the Johan Sverdrup export pipelines.
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.