STATS Group has opened a workshop, storage and testing facility in Muscat
Industry
Oil glut to worsen as INEOS postpones Forties pipeline shutdown
UK operator INEOS has decided to postpone its scheduled maintenance for the North Sea Forties pipeline system (FPS) in a move that Rystad Energy calculates will add several hundred thousands of extra barrels to the market every day
BP, Follow This agree to work towards climate resolution
Oil and gas company BP and shareholder group Follow This have agreed to work together with a view to preparing a shareholder resolution for BP’s Annual General Meeting in 2021
Services sector feels the pain as budget cuts bite: Wood Mackenzie
While the long-term impact is still unclear, the oil price crash is bleak news for oilfield service (OFS) companies, according to consultancy group Wood Mackenzie
Lower oil prices to weaken credit profiles of oil-exporting sovereigns, says Moody’s
The severity of the credit impact of lower oil prices on oil- and gas-producing sovereigns will vary from country to country, driving divergence in their creditworthiness, credit rating agency Moody’s Investors Service said in a report