Business news

The US EIA analyses the relationship between brent crude oil prices and the index of the value of the US dollar in recent months.

The open season is to solicit shipper commitments for the refurbishment and overhaul of a pipeline spanning approximately eight miles between the Red Butte Gebo Station to Chatham Station, Wyoming.

Martin Midstream Partners L.P. and Martin Midstream Finance Corp. completed their exchange offer and consent solicitation to certain eligible holders of the Issuers’ 7.25% senior unsecured notes due 2021, and separate but related cash tender offer.

On Monday 10 August, Gitane De Silva was sworn in as the Canada Energy Regulator’s CEO at a small ceremony at Calgary’s Central Memorial Park.

Trans Mountain will contribute CAN$3.1 million into upgrades to Clearwater’s drinking water, wastewater management and sewer treatment systems.

Approval was given at the Sembcorp Marine and Sembcorp Industries’ (parent company of Sembcorp Marine) respective Extraordinary General Meetings on 11 August.

The statement was in response to the bipartisan Senate passage of the PHMSA Reauthorisation bill, or the PIPES Act.

Technavio has announced its latest market research report titled ‘Global Pipeline Strainer Market 2020-2024’, highlighting the impact of COVID-19.

Latest IHS Markit outlook for global oil market fundamentals and prices through 2021.

On 6 August, the US Senate passed bipartisan legislation which would reauthorise federal pipeline safety regulations and inspections by the PHMSA for four years.

The open season will gauge shipper interest in committed crude oil interstate transportation service on the Stebbins Expansion Crude Oil Pipeline Project.

WhiteWater Midstream and West Texas Gas, Inc. have formed a joint venture to provide natural gas liquids takeaway capacity from gas processing plants.

The event could be the sector’s first post-pandemic, large scale event where delegates will be able to meet and network in person.

Production of crude oil decreased in the United States in May 2020 by 1.99 million bpd, the largest monthly decrease since at least January 1980.

The high computing power delivered via cloud platforms supports the adoption of other technologies for greater operational efficiency, according to GlobalData.