Crude Production Cuts in the US Too Slow to Support the Price as Storage Runs Out by Mid-May
Following the historic fall of the West Texas Intermediate (WTI) futures price for May delivery into negative territory, going as...
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Eagle Ford Natural Gas Production Benefiting from Crude Oil Price Crash
The oil price crash has forced Eagle Ford operators to re-evaluate their cash flows, cutting capital expenditure and rig count...
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TIPRO Reaction to Railroad Commission Proration Hearing
Austin, Texas – Today, the Railroad Commission of Texas will conduct an open meeting to discuss a motion to determine...
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Pemex in No Position to Maintain Output Profitably Regardless of OPEC+ Requests
Following today’s news (Friday 10 April) that the OPEC+ agreement, which will cut production by ten million barrels, is contingent...
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Coronavirus Creates Supply Chain and Workforce Management Challenges for Oil and Gas EPC Projects
Following the coronavirus (COVID-19) outbreak, China – the world’s biggest importer of crude oil – has been forced to cut...
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COVID-19 Outbreak Leads to a Surge in Tanker Rates
The rates for chartering very large crude carriers (VLCCs) has surged exponentially due to a spike in demand for long-term...
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Kurita Water Industries Announces Merger of Its U.S. Subsidiaries
Newly formed Kurita America aims to change how water treatment solutions are designed and delivered Nakano-ku, Japan – Kurita Water...
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Over US$50bn in Capital Expenditure Cuts Announced as Oil and Gas Companies Grapple with COVID-19 and Oil Price War
As the oil and gas sector comes to terms with decade-low oil prices and global disruptions caused by the coronavirus...
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