Business news

The company will provide transportation services for 100% of the crude oil production associated with the Katmai field development.

Transneft settles consequences of incident related to oil contamination in the Druzhba oil trunk pipeline.

A dedicated hotline and email for ‘Ask the Farwest Expert’ have been established to route inquiries from customers and industry colleagues on products, engineering and construction.

Field trials of eight emerging methane detection technologies, including satellite and aerial surveillance monitoring, are being conducted at nearly 1000 sites in Texas and New Mexico (US).

WFS Technologies is embarking on a major transformation programme to manage its business expansion.

A number of Canadian midstream companies have announced downward revisions to their 2020 CAPEX plans in response to the plunge in global oil prices and trajectory of COVID-19.

Rystad Energy’s analysis shows that total commercial storage in the US stands at about 653.4 million bbls, or some 780 million bbls including pipeline fills and crude-in-transit.

ExxonMobil has said it is reducing its 2020 capital spending by 30% due to the oversupply and demand weakness caused by COVID-19.

Patricia K. Collawn, Chairman, President, and Chief Executive Officer of PNM Resources, Inc. has been appointed to the company’s Board of Directors.

Enbridge has submitted a permit application requesting authorisation to begin construction of the Great Lakes Tunnel Project.

GPA Midstream Association, GPSA, and their member companies are working to ensure that midstream operations, considered critical infrastructure, are not interrupted.

The Latvian unified natural gas and transmission operator has announced that repairs to the gas pipeline Vireši-Tallinn at Valmiera are key to maintaining gas supply security, and will go ahead.

The Global Energy Show in Calgary has postponed the 2020 event due to the COVID-19 pandemic.

INEOS is to postpone the planned shutdown of the Forties Pipeline System until Spring 2021.

The company has also declared its first quarter distributions.