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
Industry
Supermajor Total revises capex of US$14.7bn for 2020
Total has announced a revised capex of US$14.7bn for 2020 by factoring average crude oil prices of US$30 per barrel
Italy’s Saipem to withdraw 2020 guidance
Italian oil and gas operator Saipem has decided to withdraw its 2020 guidance
ADNOC terminates Dalma deal with Petrofac
Oilfield services provider Petrofac has announced that its Petrofac Emirates joint venture has received notice of termination from Abu Dhabi National Oil Company (ADNOC) of two recently awarded contracts for the Dalma Gas Development Project
Baker Hughes to 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
More Articles …
