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
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
