Business news

Husky Energy reports loss in cash flow, due to low oil prices and a drop in production after wildfires and maintenance work.

Petrobras has reported that its Board of Directors approved a reassessment of its Rio de Janeiro Petrochemical Complex (COMPERJ) project.

The six-acre facility in Bryan, Texas, brings the Syntech product line closer to clients in the oil and gas industry and has the capacity to support future growth.

SapuraKencana Petroleum has won a US$113 million Mexico contract for the procurement and construction of a 36 in. sour gas pipeline.

ReThink Energy NJ, New Jersey Conservation Foundation, and the Stony Brook – Millstone Watershed Association has released the following statement about FERC’s release of a draft DEIS.

SapuraKencana Petroleum Berhad's wholly-owned subsidiary, SapuraKencana Mexicana S.A.P.I. de C.V., has been awarded a contract with a value of approximately US$113 million.

Gazprom and CNPC have discussed the prospect of underground gas storage and gas-fired power generation facilities in China, also approving roadmaps for implementing a memorandum of understanding.

Enbridge Energy Partners, L.P. and Enbridge Inc. have recently announced the signing of a consent decree with the US Department of Justice (USDOJ) and the US Environmental Protection Agency (USEPA).

Increasing the production of US oil and natural gas resources is vital to the nation’s economic and national security, and that of its allies, according to the API.

Maintenance on the Rockies Express Pipeline (REX) that began recently has led to production declines in the Appalachian and Northeast regions.

Vallourec has started exclusive negotiations with Ascometal with a view to the sale of its majority holding in the Saint-Saulve steel mill.

Arc Energy highlights the company’s transition and ongoing development at ONS 2016.

Rose Rock Midstream L.P. has announced distributions on limited partner units with respect to its 2Q16 results.

Targa Resources Corporation has announced its 2Q16 dividend on common shares and Series A preferred shares.

Total petroleum deliveries in June moved up by 2.8% from June 2015 to average 20.1 million bpd, the highest June deliveries in nine years.