News

June 11, 2013 South Korean firms agreed to an engineering consortium to build a 176 mile oil pipeline in Cameroon, the Dow Jones Newswires reported. The chief of Petroleum Products S.A. and Cameroon’s energy and water minister Basile Atangana Kouna signed a memorandum of understanding for the project June 6. Financial details of the project weren’t disclosed to the public. According to the Dow Jones Newswires, the pipeline is scheduled to run from Limbe, the country’s southwestern Atlantic ...

June 03, 2013 An important westbound route for Canadian bitumen has met new official resistance in the province it would cross. The government of British Columbia said evidence presented in federal hearings failed to allay its concerns about the proposed Northern Gateway pipeline project between Edmonton, Alta., and Kitimat, BC. In its submission to the Joint Review Panel, the provincial government said Northern Gateway, a subsidiary of Enbridge Inc., hasn

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 ...

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

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 ...