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Husky Energy Suspends West White Rose Project Amid Coronavirus Outbreak, Canada
March 26, 2020
Husky Energy has suspended the $1.52 billion West White Rose Project offshore Newfoundland and Labrador in Canada owing to the prevailing coronavirus outbreak. In this connection, the Canadian energy company said that it is commencing a systematic and orderly suspension
Energy Companies Slash Another $19 Billion from Budgets
March 26, 2020
Eleven energy companies over the past several days said they would cut a combined $18.6 billion dollars from their budgets as oil prices remain near 20-year lows, setting the stage for tens of thousands additional layoffs. West Texas Intermediate crude
Crusoe Energy Systems Donates Computing Resources to Coronavirus Vaccine Research and Discovery
March 25, 2020
Crusoe Energy Systems has deployed more than twenty energy-intensive computing modules throughout America’s oil and gas fields as part of its Digital Flare Mitigation™ system, which captures otherwise flared or wasted natural gas to power computing processes at the wellhead.
Phillips 66 Responds to Challenging Business Environment
March 25, 2020
Phillips 66 will be taking actions in response to the challenging business environment. “Phillips 66 is well positioned to manage through the challenging environment with our high-quality, diversified asset base and strong balance sheet,” said Greg Garland, chairman and CEO
Chevron Releases Actions in Response to Market Conditions
March 25, 2020
Chevron Corporation has made several steps in response to market conditions. “With an industry leading balance sheet and a flexible capital program, we believe Chevron is resilient and positioned to withstand this challenging environment. Given the decline in commodity prices,
PSEG Donates 50,000 N95 Masks to Aid Response by Health Care and First Responders in New Jersey
March 25, 2020
PSEG is donating more than 50,000 N95 respirator masks to one of New Jersey’s largest health care systems in an effort to help the medical community meet its increased need for protective equipment amid the COVID-19 pandemic. “We recognize the
Gorman-Rupp Continues to Operate as an Essential Business in Ohio
March 25, 2020
The Gorman-Rupp Company will continue to conduct business at all of its locations within the state of Ohio. It is an “essential business” pursuant to the director’s Stay at Home Order issued by the state of Ohio in response to
Sinopec Joins Global Fight Against COVID-19, Shipping Over 10,000 Tonnes of Disinfectant
March 25, 2020
As the world battles the COVID-19 pandemic, Sinopec has shown support and solidarity to the international community by supplying 10,256 tonnes of much-needed bleaching powder to countries grappling with an outbreak. To date, Sinopec Jianghan Salt & Chemical Complex has
Equinor and Husky Energy Delay Bay du Nord Project, Offshore Canada
March 24, 2020
Norway’s Equinor and Canada’s Husky Energy have reportedly pulled brakes on the plan to develop the Bay du Nord project offshore Canada, Reuters reported on Thursday. “Equinor and partner Husky Energy have decided to defer the Bay du Nord development
Government Seeks $3 Billion to Top Up Country’s Strategic Petroleum Reserves
March 24, 2020
The Trump administration said Thursday that it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping up U.S. oil producers after crude prices crashed globally. President Donald Trump had directed the Energy Department
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