Business news

The new OSPs, announced on 13 April, indicate the nature of Saudi Arabia's crude export strategy after agreeing to cut production in the OPEC+ deal.

The findings of Quorum’s research in ‘Modernising Oil and Gas: Insights on the State of the Industry’ have been released.

Christine Whelchel has joined the company as a founder and its COO.

EagleClaw Midstream has joined the Our Nation’s Energy Future coalition, joining the likes of TC Energy, Apache, and Equinor.

The company has announced it will contribute US$3 million to relief efforts across the US and in the UK.

Tallgrass Energy, LP will be removed from the Tortoise MLP Index and the Tortoise North American Pipeline Index following the completion of the merger with BIP Holdings Manager LLC.

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.