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Enterprise to expand Midland to ECHO crude oil pipeline system in Texas

Enterprise Products Partners, through M2E4 (Enterprise), its fully-owned affiliate, has secured long-term agreements to back an additional expansion of the Midland to ECHO crude oil pipeline system in Texas. As part of the pipeline expansion project, Enterprise will lay a pipeline that will connect its Midland, Texas storage facility to its ECHO Terminal via its […]

Enterprise to expand Midland to ECHO crude oil pipeline system in Texas

Enterprise Products Partners, through M2E4 (Enterprise), its fully-owned affiliate, has secured long-term agreements to back an additional expansion of the Midland to ECHO crude oil pipeline system in Texas. As part of the pipeline expansion project, Enterprise will lay a pipeline that will connect its Midland, Texas storage facility to its ECHO Terminal via its […]

US insurtech company Gradient AI raises $6m in Series A round

US insurtech company Gradient AI, which uses artificial intelligence-based solutions, has secured $6.0 million in a Series A financing round led by Forte Ventures and Sandbox Insurtech Ventures. The financing round also saw participation from MassMutual Ventures, the company’s existing investor. Gradient AI said that its artificial intelligence solutions enable commercial insurers to automate and […]

Wintershall Dea to exit from Nyhamna gas terminal and Polarled gas pipeline

German oil and gas company Wintershall Dea, thrugh its subsidiary Wintershall Norge, has agreed to divest its stakes in the Nyhamna gas terminal and the Polarled gas pipeline, for an undisclosed price, in a move focus on its upstream business in Norway. The sale of the two Norwegian midstream assets will be carried out through […]

Subsea 7 wins contract for Shell’s Pierce Depressurisation Project

Subsea 7 has bagged a contract from Royal Dutch Shell for the Pierce Depressurisation Project at the Pierce Field in the North Sea, located nearly 160 miles offshore, east of Aberdeen in Scotland. The contract price is in the range of $50-150 million, said the UK-based subsea engineering, construction, and services company. Under the Pierce […]

CENTAUR clinical trial of AMX0035 : Amylyx says last patient completes last study visit

Amylyx Pharmaceuticals said that the last enrolled patient in the CENTAUR clinical trial, which is evaluating AMX0035 for amyotrophic lateral sclerosis (ALS), has finished the 24 weeks of study treatment. The CENTAUR clinical study is a randomized, double-blind, placebo-controlled phase 2 clinical trial. The primary goals of the mid-stage clinical trial are to assess the […]

EMCOR Group to acquire Batchelor & Kimball

US construction company EMCOR Group has agreed to acquire Batchelor & Kimball (BKI), a full-service provider of mechanical construction and maintenance services, for an undisclosed price. Established in 1979, the Atlanta-based Batchelor & Kimball is engaged in providing commercial and industrial mechanical construction and maintenance services. The company has designed, installed, constructed and maintained the […]

Warburg Pincus-backed Citizen Energy to acquire Roan Resources

Citizen Energy acquisition of Roan Resources : Tulsa-based Citizen Energy Operating, a portfolio company of Warburg Pincus, has signed a $1bn deal to acquire Oklahoma City-based onshore oil and gas company Roan Resources. The total consideration for the deal also includes the assumption of Roan Resources’ net debt of around $780m by Citizen Energy. As […]

FDA approves AstraZeneca’s FASENRA self-administration via FASENRA Pen

AstraZeneca has bagged approval from the US Food and Drug Administration (FDA) for the self-administration of FASENRA (benralizumab) through FASENRA Pen, a pre-filled, single-use auto-injector, for the add-on maintenance treatment of severe asthma in patients aged 12 years and older, and with an eosinophilic phenotype. FASENRA is a monoclonal antibody which directly binds to the […]

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