Industry
Seismic industry revenues to nearly evaporate in 2020, says Rystad Energy
The COVID-19 pandemic and the current low-oil-price environment have pushed global exploration and production operators to cut costs, scrapping all but the most vital of their investment plans
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Total revises capex guidance in the wake of drop in oil prices, says GlobalData
Total’s refining and petrochemical operations have sizeable exposure to COVID-19 affected countries and may experience a fall in capacity utilisation over the near term, said data and analytics company GlobalData
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Saipem decides to withdraw 2020 guidance
Italian oil and gas operator Saipem has decided to withdraw its 2020 guidance
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Baker Hughes to cut capex and take US$15bn impairment
Energy technology company Baker Hughes has announced that it will take a non-cash goodwill impairment of US$15bn in Q1 2020 and it will cut its 2020 capital spending by 20 per cent, due to low commodity prices and COVID-19 pandemic
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Nigeria to cut crude oil production up to 10 mmbbl
Nigeria has joined other OPEC+ counterparts in a historic curtailment of crude oil production to rebalance and stabilise the global oil markets
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More Articles ...
- South Sudan joins OPEC, Russia, and Saudi Arabia to stabilise oil market
- Oil seen down 9.4 per cent, jet fuel down 31 per cent, road fuel down 9.4 per cent in 2020
- ExxonMobil cuts capex budget by 30 per cent in response to COVID-19 outbreak
- MOL Group cuts capital spending in response to COVID-19 disruption
- US oil rig count to fall by 65 per cent: Rystad Energy
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