Business news - 11 October 2018

Genesis Energy, L.P. completes divestiture of Powder River Basin Midstream assets, including its pipeline and crude oil gathering system.

GlobalData’s recent report has found that Russia will contribute 75% of Former Soviet Union’s oil and gas pipeline additions to 2022.

Hurricane Michael has cut 42% of US Gulf of Mexico daily crude oil production.

Strad has increased its capital programme to meet the expected need for industrial matting for planned pipeline projects.