Business news

China and OPEC commit to working together to help stabilise the global oil market.

The company ranks first in market share by megawatts for gas turbine orders in 2020, according to data obtained from McCoy Power Reports.

Libryo offers oil and gas professionals free COVID-19 regulatory guidance.

The new knowledge-sharing network is aimed at encouraging companies to work collaboratively to share problems and source solutions to their efficiency challenges.

Together the companies will offer solutions focused on risk mitigation and competency management.

The company has acquired JP3 Measurement, LLC in a cash-and-stock transaction.

The welding and fabrication site will house a new division, delivering pressure part welding and fabrication site services.

The companies have entered into a binding agreement to progress with the pre-FEED for the provision of midstream infrastructure and services for the Judith Gas Field.

Natural gas prices will continue to struggle due to market oversupply, according to GlobalData.

The open season relates to a proposed expansion of the Oryx Delaware Oil Transport pipeline system.

Colin Drysdale has been appointed as Head of Engineering and Projects.

Immersive technologies such as augmented reality and virtual reality could improve operational efficiency, lower costs and overcome skilled labour shortage, says GlobalData.

The German energy market regulator – Bundesnetzagentur – declined granting a derogation for the Nord Stream 2 gas pipeline.

The EIA forecasts US crude oil production to fall in 2020 and 2021 as efforts to mitigate the spread of COVID-19 continue to affect demand and prices.

In light of the consequences of COVID-19 and global market volatility, the 23rd World Petroleum Congress has been postponed to 2021.