Business news

The US EIA reports that falling demand and increasing supply have made daily price changes for the US benchmark crude oil West Texas Intermediate extremely volatile

TechnipFMC announces decisive actions to address the current market conditions.

The company has acquired Ozark Gas Transmission, LLC and Ozark Gas Gathering, LLC from a subsidiary of Enbridge Inc.

Neil Chatterjee has named David Morenoff to become Acting General Counsel of FERC.

The company has announced the termination of its operations in Venezuela and the disposal of its assets.

The agreement is for the dropdown of the Big Spring gathering system to Delek Logistics for a total consideration of US$100 million in cash and 5.0 million common units.

The company has announced that its new hand sanitiser plant near Middlesbrough has started producing 1 million hand sanitisers a month.

API applauds TC energy announcement to start construction of the Keystone XL Pipeline.

The company has opened a new workshop, storage and testing facility in Muscat.

David Anders has joined the independent midstream energy company as its Chief Financial Officer.

SOCAR and Equinor confirm participation in the development of Karabagh field and sign a co-operation agreement.

Pipeshield International Limited has secured 20 new projects in 1Q20.

The company has commented in response to Standard and Poor’s decision to lower Apache’s credit rating.

The work was performed as part of Transneft Baltic’s technical upgrading and revamping programme.

The companies have signed an amendment agreement to the share purchase agreement concluded on 12 March 2020.