The partnership between Rosneft and ExxonMobil to explore and develop Russia's Arctic Basin has been met with some skepticism – understandably given some of the experience of western oil majors in Russia. But the deal is potentially of major significance for the Russian investment environment.

Honeywell has been hired by PetroVietnam Technical Services Corp. (PTSC) and the Bien Dong Petroleum Operating Company (BDPOC) to supply an integrated process control system for their new central processing platform being built in Vung Tau, Vietnam.

Arc Machines Inc., a UK manufacturer of automated orbital welding technology for the oil and gas industry, has consolidated all of its UK activities, including customer support, operator training, equipment maintenance and repair and spares supply, in a purpose-built facility in Daventry, Northamptonshire.

A recent survey conducted at the Offshore Europe conference in Aberdeen suggests oil and gas industry professionals are concerned over the lack of industry spending on research and development and the impact it may have on the sector’s ability to grow.

During 2011–2015, gas pipelines will account for about 75% of the total global planned pipeline length addition, according to a GlobalData report.

Russia's oil pipeline monopoly Transneft will freeze construction of the troubled Burgas-Alexandroupolis project, which has been largely obstructed by Bulgaria. Transneft will not abandon the oil pipeline project - despite its partner Bulgaria's failure to provide financing - but will freeze the construction this fall.

Larsen & Toubro Limited has been awarded a contract from Abu Dhabi Gas Industries Limited (GASCO) for the Habshan-Ruwais-Shuweihat gas pipeline project. Valued at around US$ 189 million, the contract involves EPC installation and commissioning of the pipeline to be commissioned in 24 - 26 months.

Wasco Energy’s Pipe Coating Division has been awarded a line pipe coating contract with a value of over US$2 million from Samsung Engineering Co. Limited for the Sabah Oil and Gas Terminal (SOGT) project.

Foster Wheeler’s subsidiary, Global Engineering and Construction Group, has been awarded a contract by Engen Petroleum Limited for engineering, procurement and construction management services for Engen's new multi-products pipeline feeder lines and infrastructure project at Engen's Durban Refinery in South Africa.

Carib Energy (USA) LLC received authorization from the U.S. Department of Energy to export LNG to Free Trade Agreement (FTA) countries in Central America, South America and the Caribbean.

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