Archives for March 2020
Flint Hills Resources invokes force majeure on some crude oil purchases
Kansas pipeline and refinery operator Flint Hills Resources is invoking contract clauses to get out of some crude oil purchase commitments as the coronavirus pandemic continues to cause demand for gasoline and other products to...
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Schlumberger executives take pay cuts as North American workforce is slashed
Executives at Schlumberger, the largest oilfield service company in the world, are taking pay cuts while the company implements layoffs and furloughs for workers in the United States and elsewhere in the North America market....
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Several BP offshore workers test positive for coronavirus
British oil major BP is adjusting the company’s offshore procedures after several workers who had previously been aboard a production platform in the Gulf of Mexico tested positive for the coronavirus. Source: FuelFix
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TC Energy to build Keystone XL Pipeline
Canadian pipeline operator TC Energy is moving forward with plans to build the controversial Keystone XL Pipeline, a project to move heavy crude oil from the tar sands region of Canada to Nebraska where it...
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Oil heads for worst quarter ever as real crude prices plunge
Oil clawed back some losses as Chinese manufacturing data beat expectations, but futures were still heading for the worst quarter on record as the physical market showed further signs of collapse. Futures in New York...
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