Tag: pipeline

Supreme Court affirms state ownership of Samara-West pipeline

The Supreme Court has finally declared that the government, represented by the State Property Fund of Ukraine (SPFU), owns a part of the Samara-West oil product pipeline, Vitaliy Koval, head of the SPFU stated in Telegram on Feb. 1. “The case of Medvedchuk’s pipeline is over.” Koval said, adding that the state’s ownership of the […]

Finnish, Chinese presidents discussed pipeline damage, Finland says

By Anne Kauranen and Liz Lee HELSINKI/BEIJING (Reuters) -Finland’s President Sauli Niinisto said on Wednesday he had held constructive talks with China’s President Xi Jinping over the damage inflicted last year to the Balticconnector gas pipeline linking Finland and Estonia. Finnish police have named the Hong Kong-flagged NewNew Polar Bear container ship as the prime […]

Canada’s Oil Sands Set for Expansion as Pipeline Nears Completion

Canada’s oil producers plan higher output for this year and expect to earn more from their heavy crude once the long-delayed expanded Trans Mountain Pipeline enters into service. The start date of the Trans Mountain Pipeline Expansion (TMX) is the key uncertainty this year for the Canadian oil industry, the benchmark Canadian heavy oil prices, […]

AstraZeneca Bolsters Cell Therapy Pipeline With Over $1B Deal For China-Based Gracell Biotechnologies

AstraZeneca Plc (NASDAQ: AZN) has agreed to acquire Gracell Biotechnologies Inc (NASDAQ: GRCL), further strengthening AstraZeneca’s cell therapy portfolio. The deal value is $2.00/share (equivalent to $10/ADS ADS of Gracell) plus a non-tradable contingent value right of $0.30/share (equivalent to $1.50/ADS of Gracell) in cash. The proposed acquisition will enrich AstraZeneca’s growing pipeline of cell therapies with GC012F, a […]

BP Restarts Pipeline After Gasoline Spill in Washington State-Source

(Reuters) -BP has restarted its Olympic Pipeline that had leaked roughly 25,000 gallons of gasoline near Mount Vernon in Washington state, a source familiar with the pipeline’s operations said on Thursday. The pipeline was restarted following repairs, integrity testing, and regulatory approval of the restart plan, the source said. The company has been cleaning up […]