International

Joint Venture Formed To Serve Russian Offshore Pipeline Market

ShawCor Ltd.’s pipecoating division, Bredero Shaw, has entered into a joint venture with Russian offshore pipeline contractor OOO ArkhTekhnoProm to establish a pipe-coating facility in the Arkhangelsk Region.

March 2010 Vol. 237 No. 3

Japan Steelmakers To Supply Pipe For Australian LNG Development

Japanese steelmakers JFE Steel Corp. and Marubeni-Itochu Steel were awarded a large-volume pipe order for the Chevron-operated Gorgon LNG development in Australia.

March 2010 Vol. 237 No. 3

Russia, Turkey Eye Oil Pipeline

Moscow and Ankara have agreed to accelerate efforts to build the $2.5 billion Samsun-Ceyhan oil pipeline in Turkey, Russian Prime Minister Vladimir Putin said, signaling that a similar, Russia-backed link through Bulgaria and Greece may no longer be in the cards.

March 2010 Vol. 237 No. 3

Petrobras World's Fourth-Biggest Energy Company

Petrobras rose from the ninth to the fourth place in the ranking of the 50 biggest energy companies in the world according to the PFC Energy think tank.

March 2010 Vol. 237 No. 3

Chinese Launch Commercial Operations On Second West-East Pipeline

China National Petroleum Corp. (CNPC) has launched commercial operations on the 2,745-km western segment of the Second West-East gas pipeline, which, when fully completed, will be the longest pipeline transmission network in the world.

March 2010 Vol. 237 No. 3

GL Noble Denton Plans To Hire 700 Technical Experts

Over the next two years GL Noble Denton plans to hire more than 700 new technical personnel, engineers and marine operations specialists.

March 2010 Vol. 237 No. 3

Entrepose Contracting Acquires HDI

Entrepose Contracting announced the acquisition of Horizontal Drilling International (HDI) by Spiecapag, its 100% subsidiary.

March 2010 Vol. 237 No. 3

Gazprom, MFB Create South Stream Hungary Joint Venture

Recently in Budapest, First Deputy Prime Minister of the Russian Federation Viktor Zubkov and Hungarian Prime Minister Gordon Bajnai signed documents incorporating the South Stream Hungary Zrt joint engineering company.

March 2010 Vol. 237 No. 3

Bulgaria Ratifies Agreement On Nabucco Pipeline Project

The Bulgarian parliament has ratified the inter-governmental agreement on the Nabucco gas transport project, implicitly confirming its preference for Nabucco over Gazprom’s South Stream.

March 2010 Vol. 237 No. 3

BP Expects Oil Price To Hold Steady

Oil is set to hold in its current range this year, although some upward movement could be possible, BP's chief economist Christof Ruehl said recently.

March 2010 Vol. 237 No. 3