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
Industry
Saipem decides to withdraw 2020 guidance
Italian oil and gas operator Saipem has decided to withdraw its 2020 guidance
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
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
South Sudan joins OPEC, Russia, and Saudi Arabia to stabilise oil market
Puot Kang Chol, minister of petroleum of South Sudan, has joined its other OPEC and OPEC+ counterparts to agree on a historic deal to cut 9.7 mmbbl of oil per day of supply starting 1 May
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