Business news

The contract is for the provision of ultrasonic scanner technology deployed by an ROV to inspect a subsea pipeline located at an offshore field in Malaysia.

The company will acquire Shell’s upstream and midstream gathering assets in Pennsylvania, US, for total consideration of approximately US$541 million.

Recent declines in demand for petroleum products have contributed to record increases in US commercial crude oil inventories.

Xodus Group has appointed a new manager to drive the company’s subsea and pipelines business.

TC Energy has announced its 2020 annual meeting Board of Directors election results.

SOCAR to supervise the implementation of OPEC+ oil production cut agreement in Azerbaijan.

The company has announced its financial results and plans for adjustments to its 2020 capital expenditures.

Enbridge responds to incident at pump station in Saskatchewan, Canada.

GlobalData reports on the low prices and depressed demand impacting the global oil and gas pipeline sector.

In 2019, for the first time since 1957, energy production exceeded energy consumption in the US on an annual basis, according to the EIA’s Monthly Energy Review.

In a recent research report, the company identified non-core midstream assets that companies are likely evaluating as part of their evolving strategic plans.

It is consistent with the 1Q20 dividend and is a 5.3% increase from the company’s 2Q19 quarterly dividend.

The company has announced that it has completed its 10 million bbl crude oil expansions at its Texas facilities.

EIA has analysed how low liquidity and limited available storage pushed WTI crude oil futures prices below zero.

The Group achieved the UKAS certification to the ISO/IEC 17020 standard for its onshore and offshore inspection activities.