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Petronas has recorded a group pre-tax profit of RM6.8 billion for 1Q16, 60% lower than the RM17.0 billion posted in 1Q15.

The Economist Intelligence Unit has announced that it maintains its forecast that Brent will average US$40/bbl in 2016.

The global IT spending market in the oil and gas industry is expected to grow at a CAGR of around 1% during the period 2016 - 2020, according to Technavio.

Under the auspices of Alexis Tsipras, Prime Minister of the Hellenic Republic, the Trans Adriatic Pipeline marked the start of construction of the pipeline project.

Chesapeake Utilities Corporation's natural gas transmission subsidiary has begun the regulatory process for its 2017 expansion project.

CFIUS has cleared the proposed acquisition of Columbia Pipeline Group by TransCanada.

Navitas Midstream Partners has announced a long term agreement with Encana Oil and Gas.

Trelleborg has signed a 6 yr framework agreement with Statoil for the supply of Elastopipe.

Tracerco has completed a major US$5 million upgrade of their facilities in Houston, Texas, US.

Forum Energy Technologies delivers nine of its largest subsea pig launchers and receivers systems to North Africa.

Petrobras has reported that its Board of Directors have approved the sale of its entire 67.19% stake in Petrobras Argentina (PESA).

Enbridge resumes pipeline service after massive wildfire forced a shutdown.

Horizon Geosciences have launched a high spec nearshore survey boat for water and ROV surveys.

The European Bank for Reconstruction and Development is considering financing up to €1.5 billion for the TAP pipeline project.

Hili Co. has entered into a joint venture agreement with Peterson to provide oil and gas logistics services across the Mediterranean and North Africa.