Business news

Tenaris to adjust production and temporarily suspend operations at US facilities.

The company’s Board of Directors has approved the adoption of a limited duration stockholder rights and declared a dividend distribution of one right for each share of common stock outstanding as of the record date.

Sound Energy confirms land corridor rights and EIA for the Tendrara Gas Export Pipeline.

SOCAR and Equinor have confirmed a discovery of Karabagh oilfield in Azerbaijan.

The US EIA reports on several underlying assumptions about OPEC’s posture regarding targeted production output, and what effect it may have on global oil balances and prices.

The report suggests that the market for oil and gas pipeline fabrication and construction market is expected to witness a CAGR of more than 3.5% during the forecast period (2020-2025).

Joe Camish, Analyst, comments on the effects of Coronavirus on the global oil price.

The company has entered into a long-term, fee-based natural gas gathering and processing agreement with an active producer in the STACK play.

The Sniffers and Keneco Environmental Inc. join forces to help the Canadian oil and gas market.

The company will reduce its 2020 total capital expenditures by approximately 30% and prioritise financial flexibility.

Sonardyne has formed a new parent company to enhance its marine technology offering.

Noble Midstream Partners reduces expected 2020 capital by US$75 million.

Graham, who takes over the role from John Ramsden on 1 April, has served on Sonardyne International’s board from 2008.

The agreement will see a CAN$225 000 investment in the Entwistle Community Hub Project.

The informatics platform has announced the closing of its Series A funding round led by Wing VC, with participation from Greylock Partners and Sallyport Investments.