Seismic industry revenues to nearly evaporate in 2020, says Rystad Energy

34762180271 7a3c762682 cThe 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

18762109280 d210246e0d cTotal’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

28454657832 15321effac cItalian 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

40549644883 63f196ee8c cEnergy 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

23724770980 909c644f14 wNigeria 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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