News

Finnish gas transmission network operator Gasum has decided to scrap plans to build a regional LNG terminal in the Gulf of Finland as well as an undersea gas pipeline with Estonia, the Balticconnector.

Tanzania officially inaugurated a 535-kilometer

China plans to create a new crude oil and liquefied natural gas pipeline transportation company by stripping these operations out from its three largest oil firms, the state-backed China Securities Journal reported on Thursday. The move is aimed at reducing such firms’ monopoly in the oil and gas market and improving competition, the newspaper reported without saying where it had obtained the information from. The newspaper said that the plan had been set, and was now being studied ...

Norway’s Statoil laid the final pipe in the Polarled Pipeline at the Aasta Hansteen field at a depth of 1,260 metres in the Norwegian Sea, saying that the 482.4 kilometre long Polarled is the first pipeline on the Norwegian continental shelf that crosses the Arctic Circle and opens up a brand new highway for gas from the Norwegian Sea to Europe. Statoil also said that it is concluding the project with a 32% saving on the initial investment levels. ...

Energy Transfer Equity is buying pipeline operator The Williams Cos. for approximately $32.61 billion. The companies said Monday that the combination creates one of the five biggest energy companies in the world. Energy Transfer Equity LP will pay $43.50 per share, a 4.6 percent premium to Williams‘ Friday closing price of $41.60. Williams’ shareholders can choose shares of Energy Transfer Equity affiliate Energy Transfer Corp., cash or a combination of both. The companies ...