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Business news

 

Shell UK sentenced over major oil release

Oil and gas production company Shell UK Limited, has been sentenced after admitting failures that led to an oil leak in the North Sea.

 
 

Potential interim change to MLP Index

Swank Capital and Cushing Asset Management have announced there may be a potential constituent change to the Cushing MLP High Income Index.

 
 
 

NEXUS files pipeline application

NEXUS Gas Transmission has formally appealed to the Federal Energy Regulatory Commission (FERC) for approval of its proposed 255 mile, 36 in. dia. natural gas pipeline.

 

Another pipeline halted for TransCanada

The NEB has stopped construction on a new TransCanada natural gas pipeline and issued a safety order after evidence arose of drilling fluid being spilled into a river.

 
 
 
 
 

Exova invests in new Italian laboratory

Global testing specialist, Exova, has announced that it is expanding its facilities and capabilities in Italy with an investment in a €1.4 million laboratory in Padova.

 
 

Dragon Oil to invest in TAPI?

Dragon Oil could be the private-sector partner for the TAPI pipeline project, as it discusses a potential investment of US$10 billion.