News

MasTec acquires Canadian oil and gas pipeline and facilities contractor

May 31, 2013 MasTec, Inc. (NYSE: MTZ) today announced that it has acquired Big Country Energy Services Inc., and its affiliated operating companies (collectively, « Big Country »), a North American oil and gas pipeline and facility construction services company headquartered in Calgary, Canada. The Company also has construction offices in Alberta, British Columbia and Saskatchewan, as well as in Wyoming and North Dakota. Big Country’s services include: oil, natural gas and natural gas liquids gathering systems and pipeline construction; pipeline ...

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US House passes Keystone XL bill despite White House’s veto threat

May 25, 2013 The US House approved Rep. Lee Terry

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Yemen’s main oil pipeline attacked

May 24, 2013 Attackers blew up Yemen’s main oil export pipeline on Friday, halting the flow of crude, the government and industry sources said. « Subversive elements » in Serwah in central Maarib province had blown up the pipeline, which leads to the Red Sea, at dawn on Friday, the Defense Ministry said in a statement. The Arabian Peninsula state, which relies on crude exports to replenish its reserves and finance up to 70 percent of budget spending, has ...

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GDF SUEZ has awarded WGK a contract for a (pre-FEED) subsea concept definition study for the Bonaparte LNG project

May 13, 2013 GDF SUEZ Bonaparte, a subsidiary of French energy giant GDF SUEZ, operator of the Bonaparte LNG project has awarded WGK a contract for a (pre-FEED) subsea concept definition study for the Bonaparte LNG project. This is GDF SUEZ

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New Myanmar crude oil pipeline puts China in a favorable position

May 13, 2013 A new crude oil pipeline through Myanmar due to begin operations in September will put China in a favorable position compared to other Asian economic powerhouses challenged by energy security issues. At a capacity of 440,000 barrels a day, the pipeline

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How Alaska gas pipeline price tag grew 300 percent in 12 years

May 12, 2013 Costs have ballooned for the long-awaited project to tap Alaska’s vast natural gas reserves in the Arctic, skyrocketing 300 percent in 12 years as the proposal morphed from an overland route bound for the Lower 48 to a dramatically different project to ship liquid natural gas across oceans. The skyrocketing estimates are increasingly important as state officials consider the benefits of joining oil titans such as Exxon Mobil Corp. to become a partner in the ...

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Russian-Serbian cooperation in the energy sector, progresses with the South Stream project execution.

Mar 28, 2013 Led by Alexey Miller, Chairman of the Gazprom Management Committee the Company

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ICE and Gasunie Announce Trading Exchange

Mar 28, 2013 Intercontinental Exchange (ICE) and Dutch natural gas infrastructure company Gasunie are jointly launching a European gas and power trading platform, the companies announced. ICE is a leading operator of global markets and clearing houses. The ICE Endex will commence operations, following competition clearance by the Office of Fair Trading (OFT) in the UK, and a declaration of no-objection from the Dutch Ministry of Finance, according to a statement on Gasunie’s website. The facility will be ...

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