Qatar Petroleum Offers LNG Cargoes in the Spot Market
March 28, 2020
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Qatar Petroleum Offers LNG Cargoes in the Spot Market

Qatar Petroleum has offered liquefied natural gas (LNG) cargoes to several buyers in Asia and Europe after Indian buyers cancelled cargoes, according to Reuters. The exact number of cargoes…

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Coronavirus and oil price crisis to wreak havoc on new project development plans
March 27, 2020
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Coronavirus and oil price crisis to wreak havoc on new project development plans

The effects of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented…

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Over million oilfield jobs on the line due to oil price war and coronavirus, Rystad says
March 27, 2020
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Over million oilfield jobs on the line due to oil price war and coronavirus, Rystad says

More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19…

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BP Implements COVID-19 Action Plan
March 26, 2020
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BP Implements COVID-19 Action Plan

In the midst of the coronavirus (COVID-19) pandemic, BP has put forth a preventative plan in order to ensure the safety of its employees, BP announced in a statement. …

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Total to slash over $2.5 billion from its E&P business as oil crisis bites
March 25, 2020
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Total to slash over $2.5 billion from its E&P business as oil crisis bites

In an effort to alleviate the concequences of the recent oil price plunge, French oil major Total has revealed its plan to reduce the capex for 2020 by…

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Total and other Oil Majors Slash Spending
March 24, 2020
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Total and other Oil Majors Slash Spending

Global oil, gas producers cut spending after crude price crash. (Reuters) – Oil and gas companies are cutting spending plans in response to the new coronavirus and a…

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Baker Hughes Takes Proactive Measures Against Covid-19
March 23, 2020
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Baker Hughes Takes Proactive Measures Against Covid-19

In response to the coronavirus (COVID-19) pandemic, Baker Hughes is following guidance from the World Health Organization (WHO), the Centers for Disease Control (CDC), and local government regulations…

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Energean’s FPSO for Karish Gas Field in Israel on Track
March 21, 2020
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Energean’s FPSO for Karish Gas Field in Israel on Track

Energean remains on track to deliver first gas from its Karish project offshore Israel during the first half of next year, the company said in its results statement.…

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Noble Energy Stock Price declined 80% in one month
March 19, 2020
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Noble Energy Stock Price declined 80% in one month

U.S. stocks suffered their worst session of the coronavirus crisis this week, with scores of companies posting double-digit percentage declines. Shares of energy companies have been among the…

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Noble Energy sharply reducing capital expenditures
March 15, 2020
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Noble Energy sharply reducing capital expenditures

In response to the current global macroeconomic and commodity outlook, the U.S.-based oil and gas company Noble Energy has announced its decision to reduce its 2020 expenditure guidance…

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