
WFS Technologies enters a new era to support growth plans
WFS Technologies is embarking on a major transformation programme to manage its business expansion.
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WFS Technologies is embarking on a major transformation programme to manage its business expansion.

A number of Canadian midstream companies have announced downward revisions to their 2020 CAPEX plans in response to the plunge in global oil prices and trajectory of COVID-19.

Rystad Energy’s analysis shows that total commercial storage in the US stands at about 653.4 million bbls, or some 780 million bbls including pipeline fills and crude-in-transit.

ExxonMobil has said it is reducing its 2020 capital spending by 30% due to the oversupply and demand weakness caused by COVID-19.

Patricia K. Collawn, Chairman, President, and Chief Executive Officer of PNM Resources, Inc. has been appointed to the company’s Board of Directors.

Enbridge has submitted a permit application requesting authorisation to begin construction of the Great Lakes Tunnel Project.

GPA Midstream Association, GPSA, and their member companies are working to ensure that midstream operations, considered critical infrastructure, are not interrupted.

The Latvian unified natural gas and transmission operator has announced that repairs to the gas pipeline Vireši-Tallinn at Valmiera are key to maintaining gas supply security, and will go ahead.

The Global Energy Show in Calgary has postponed the 2020 event due to the COVID-19 pandemic.

INEOS is to postpone the planned shutdown of the Forties Pipeline System until Spring 2021.

The company has also declared its first quarter distributions.

The company has announced that it has entered into a new CAN$800 million unsecured revolving credit facility, and declared a common share cash dividend for April 2020.