Tata Steel secured a contract in providing High Frequency Induction (HFI) line pipe for an oil and gas project north-east of Shetland in the UK North Sea. More than 10km of HFI pipeline from its 20-in mill will be manufactured from the company. The contract duration lasts for 28 weeks where the work scope involves...

Shares have increased up to 6% for Wood after the engineering giant highlighted that it was well on its path to achieve strong earnings growth with the recovery of oil and gas markets. Since late 2016, there has been further evidence of crude price rise as told in an update from Aberdeen-based Wood. This has...