Testing company Exova said it will invest £3 million to develop a new world-class corrosion facility to service increasing global demand.

Increased activity in the exploration and production sector will be the primary driver in pushing oil and gas capital expenditure to an enormous $1,039 billion for 2012, according to GlobalData.

The Unique Maritime Group announced a project involving Seaflex WaterLoad Test Weights in Victoria, Australia.

The CX-15 buoyant tower, designed by a joint venture between GMC and Horton Wison Deepwater for BPZ Energy and completed at Wison Offshore & Marine’s yard in Nantong China, was transported to Peru.

Turkey is revisiting the trans-Caspian gas pipeline project, aligning with the European Union, Azerbaijan and Turkmenistan, to support transportation of Turkmenistan’s gas to Turkey and onward to Europe.

Competition from lower-cost LNG in North America and East Africa will favor expansion of existing LNG projects in and around Australia over costly new developments, Bernstein Research analysts said Sept. 6.

Technip, in a consortium with National Petroleum Construction Company (NPCC), was awarded by Zakum Development Company (ZADCO) a lump sum engineering, procurement, fabrication, installation, commissioning and start-up contract for the Upper Zakum 750K project in Abu Dhabi, UAE.

Debt-stricken Greece has renewed its support for the Trans-Adriatic Pipeline (TAP) which could improve the pipeline's chances of winning a long contest against Nabucco West, also competing for transporting Azeri gas to the EU.

The European Investment Bank (EIB) and the Italian-based Cassa depositi e prestiti (CDP) approved a 20-year finance contract worth EUR 400 million for Snam Spa.

Global oil consumption increased by 0.7% in 2011 to reach an all-time high of 88.03 million bpd, according to research conducted by Worldwatch Institute ( for its Vital Signs Online service.

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