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Aker Solutions Secures 20-year Umbilicals Contract from Chevron, Gulf of Mexico
March 30, 2020
Norwegian engineering company Aker Solutions has signed a 20-year master agreement with the US oil and gas company Chevron. Under the contract, Aker will be responsible for the delivery of umbilicals for oil and gas fields in the US Gulf
Minnesota and Wisconsin Frac Sand Mines Crushed By Oil Industry Shifts
March 30, 2020
Frac sand miner Jordan Sands in North Mankato was pushed into receivership recently after its banker declared a loan default. A few months earlier, Minnesota’s largest frac sand producer by far, the Kasota mine near St. Peter, was idled. In
Baker Tilly to Acquire Oil and Gas Business Solutions, Expands Client Accounting Services
March 27, 2020
Baker Tilly Virchow Krause to acquire Oil and Gas Business Solutions (OGBS), a Dallas-based firm specializing in complex and unique bookkeeping and back office services in the oil and gas upstream sector. Founded 50 years ago, OGBS serves small and
Enable Midstream Receives FERC Approval of MRT Rate Case Settlements
March 27, 2020
Enable Midstream Partners’ Enable Mississippi River Transmission (MRT) received approval from the Federal Energy Regulatory Commission (FERC) of its uncontested rate case settlements with customers. The settlements establish rates for services on the MRT system that provide a return on
Williams Foundation Pledges $1 Million for Coronavirus Response and Community Recovery
March 27, 2020
The Williams Foundation has pledged $1 million to provide community support during this unprecedented time of financial volatility and global health concern. “Not only does the coronavirus pandemic continue to create disruption in our communities, but we are also closely
Basic Energy Services Implements Actions in Response to Recent Market Volatility
March 27, 2020
Basic Energy Services, Inc. is implementing several cost control and capital preservation measures in response to the rapidly changing market outlook in a lower commodity price environment as well as market uncertainty related to the impact of the COVID-19 virus.
Texas-based ProPetro Implements Strategic Actions Amid COVID-19 Pandemic
March 27, 2020
ProPetro Holding has made a number of strategic actions to align its cost structure to better reflect currently expected lower activity levels resulting from recent economic and industry forces beyond its control, including the effects of the COVID-19 pandemic, the
Firms Snap Up Parcels at BLM Oil and Gas Lease Sale, Wyoming
March 26, 2020
Oil and gas developers placed bids on nearly 72,000 acres of public land in Wyoming during this year’s first quarterly lease sale Tuesday, with about 72 percent of available leases receiving offers, according to results posted on the digital marketplace
Alberta to Declare Oil Sands Workers Essential as Province Prepares COVID-19 Response
March 26, 2020
Oil sands workers will be declared essential in Alberta as the province prepares a list of who will keep working should it need to ratchet up its response to the COVID-19 pandemic. Ontario and Quebec shuttered all non-essential businesses Monday
Bipartisan Lawmakers Urge Assistance for Oil and Gas Workers
March 26, 2020
A bipartisan group of lawmakers wrote to congressional leadership asking for assistance for oil and gas industry workers as oil prices have plunged amid the coronavirus pandemic and international disputes. “We write to ask you to help address the unique
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