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Turkey considers the Russian proposal to build the

MDU Resources Group has placed on hold its plans for building a major natural gas pipeline to carry associated gas supplies from the Bakken oil boom. Dakota Pipeline is slated to be a $650 million project and had been aimed at a late 2017 start-up date.

Orpic Logistics Company (OLC) has awarded an engineering, procurement and construction (EPC) contract and a financing deal for a major pipeline project worth $320 million in Oman. OLC is a joint venture between Oman Oil Refineries and Petroleum Industries (Orpic) and and the Spanish company Compa

Enterprise Products Partners announced that it has decided not to move forward with the development of its proposed Bakken-to-Cushing crude oil pipeline. The move was influenced by the low level of commitments received from potential shippers during the open season announced in September. The 30-inch diameter proposed pipeline would have originated from the Williston Basin of North Dakota and serve the Powder River and Denver-Julesburg (« DJ ») Basins. It was expected to have an initial capacity of about 340,000 ...

German Chancellor Angela Merkel backed Bulgaria in its bid to seek new talks with Russia about the South Stream natural gas pipeline after Moscow shelved the project this month in favor of an alternative link via Turkey. The EU, at odds with Moscow over the Ukraine crisis and keen to reduce its energy reliance on Russia, had raised objections to the $40 billion South Stream pipeline, which was to run under the Black Sea and enter the EU via ...

Pakistan is in dire need of energy and determined to complete its part of the Iran-Pakistan gas pipeline, Pakistani Oil Minister Shahed Khaqan Abbassi said here Monday. « We have recently reached agreement with the China National Petroleum (CNPC) for partnership in implementing 700 kilometer pipeline from the Gwadar Port, 70 kilometers from the Iranian border to Nawab Shah and the CNPC officials are arriving in Pakistan for pilot study of the infrastructure project on Tuesday, » said the Pakistani minister in ...

Italian oil services firm Saipem may lose 1.25 billion euros ($1.55 billion) in revenue in 2015 due to Russia’s apparent cancellation of the South Stream gas pipeline project, CEO Umberto Vergine told daily Il Sole 24 Ore in an interview. Russia on Monday scrapped the pipeline project to supply gas to southern Europe without crossing Ukraine. However, Saipem said on Tuesday it had not yet received formal notice of the termination of any South Stream contracts and operations were ...