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Industry

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

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

Italian oil and gas operator Saipem has decided to withdraw its 2020 guidance

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

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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