ExxonMobil has announced reductions in 2020 capital spending by 30% and cash operating expenses by 15% in response to low prices and COVID-19.
The latest oil, gas and petrochemicals storage news
The EIA has announced that it expects the US to return to being a net importer of crude oil and petroleum products as production declines.
Servelec Technologies, along with sister company Primayer, have announced a new, unified company name and brand: Ovarro.
Rystad Energy has reported that oil production cuts in Western Canada are likely as it nears full storage capacity.
The EIA has reported that European natural gas storage inventories are at record-high levels at the end of winter.
Abu Dhabi Ports and Arabian Chemical Terminals have signed a strategic agreement for the development of a commercial bulk liquid storage terminal.
Michael J. Hennigan has been appointed to the position of President and CEO of Marathon Petroleum Corp.
USD Partners has announced that it has taken measures in response to the COVID-19 outbreak and will remain fully operational.
Golar Power has signed a protocol of intentions with the State Government of Pernambuco in Brazil for the development of an LNG terminal.