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COVID-19 and the New Oil Order



Black & Veatch, ENACT Announce Partnership for Solar Commercial
Indonesia >> 5/21/2020 - Black & Veatch, a global provider of engineering, procurement and construction (EPC) services, and ENACT Systems Inc., a leader in cloud-based software for the solar industry, announced a strategic pa...
EnQuest Announces Operations Update
United Kingdom >> 5/21/2020 - Strong production supports full year 2020 guidance with forecast free cash flow breakeven unchanged at c.$33/Boe. ...
East Med Gas Forum Forming Joint Future Vision for Gas Industry
East Med Gas Forum Forming Joint Future Vision for Gas Industry Egypt >> 5/20/2020 - A senior work group of Eastern Mediterranean Gas Forum (East Med Gas Forum) discussed the coming steps to form a joint future vision for gas industry in the region and develop the natural gas market. ...
Rolls-Royce Proposes Major Reorganisation to Address Medium Term Impact of Covid-19
United Kingdom >> 5/20/2020 - The impact of COVID-19 on Rolls-Royce and the whole of the aviation industry is unprecedented. We have already taken action to strengthen the financial resilience of our business and reduce our cash e...
The State of Exploration 2020
Mauritania >> 5/19/2020 - Confidence had returned to global exploration with improved performance and the emergence of several new multi-billion barrel plays. The confidence carried over into 2020 but has evaporated in the fac...
Odfjell & Total Agree to Idle Deepsea Stavanger Rig
South Africa >> 5/19/2020 - Please be informed that due to ongoing restrictions related to the coronavirus (COVID-19) pandemic, Odfjell Drilling and Total South Africa have agreed that the semi-submersible Deepsea Stavanger will...
Abengoa Presents its Updated Business Plan
Spain >> 5/19/2020 - Abengoa, the international company that applies innovative technology solutions for sustainability in the infrastructure, energy and water sectors, presents an Updated Business Plan. ...
NextDecade Provides Corporate Update
United States >> 5/18/2020 - NextDecade Corporation reported its first quarter 2020 results. The Company is also confirming its strong financial position and providing an update on progress made during 2020. NextDecade continues ...
Extension for Financial Reporting Deadline
Congo >> 5/15/2020 - Anglo African Oil & Gas plc announces that, further to the guidance provided by AIM Regulation in "Inside Aim" on 26 March 2020, the Company has been granted an extension of up to three months for t...
Petroleum Minister Probes with Oil Companies Plans for Oil Price Plunge
Petroleum Minister Probes with Oil Companies Plans for Oil Price Plunge Egypt >> 5/15/2020 - Minister of Petroleum Tareq Al Molla has discussed with heads of major oil companies measures to rationalize spending in a way that meets the targeted plans for carrying out oil projects, exploration ...
Africa Oil Provides Kenya Update
Kenya >> 5/15/2020 - Africa Oil Corp. (AOI) announces that Tullow Oil Kenya B.V., the operating partner on Blocks 10BB and 13T in Kenya, has submitted notices of force majeure to the Kenyan Ministry of Petroleum and Minin...
Petrofac Announces Update on Market Conditions
Petrofac Announces Update on Market Conditions United Kingdom >> 5/15/2020 - Petrofac Limited (“Petrofac”) is holding its Annual General Meeting. In an update to shareholders, Chief Executive Ayman Asfari will comment: ...
Prosafe Provides Operational & Financial Update Q1 2020
Norway >> 5/14/2020 - The fleet utilization rate in the first quarter of 2020 was 32.7 per cent (Q1 2019: 62.5 per cent). Prosafe refers to the press release from the March 2020 regarding discussions with clients about cu...
Trading and Operations update
Falkland Islands >> 5/13/2020 - Premier provides the following Trading and Operations update for the period 1 January to 30 April 2020. As previously announced, the Group’s AGM has been deferred to 25 June 2020 in light of the Gove...
Shelf Drilling Reports First Quarter 2020 Results
Thailand >> 5/13/2020 - Shelf Drilling, Ltd. announces results for the first quarter of 2020 ending March 31. The results highlights will be presented by audio conference call on May 13, 2020 at 6:00 pm Dubai time / 4:00 pm ...
TechnipFMC’s Badger Licensing Offers Innovative Process to Produce Antiseptic
United States >> 5/13/2020 - TechnipFMC’s Badger Licensing LLC, a leading provider of phenolic and aromatic technologies, offers a patented process to produce isopropyl alcohol (IPA) from acetone. IPA has virucidal and bactericid...
Kosmos Energy Announces First Quarter 2020 Results
Ghana >> 5/11/2020 - Kosmos Energy Ltd. announced the financial and operating results for the first quarter of 2020. For the quarter, the Company generated a net loss of $183 million, or $0.45 per diluted share. When adju...
Sale Prices of Natural Gas to Distributors Fall in May 2020
Brazil >> 5/8/2020 - Petrobras reaffirms its commitment to the proposals for the new natural gas market and informs that the sale prices of the product (which include the molecule and transport parcels) to the distributor...
Hess Reports Estimated Results for the First Quarter of 2020
Guyana >> 5/7/2020 - Key Developments: ...
PetroTal Announces Temporary Shut in of Bretana Oil Field Due to COVID-19 Pipeline Closure
Peru >> 5/7/2020 - PetroTal Corp. announces that the Northern Oil Pipeline (“ONP”) operated by PETROPERU S.A. (“Petroperu”) has been shut down by a public health directive from the Peruvian government, thereby resulting...
Aker BP Announces First Quarter 2020 Summary
Norway >> 5/6/2020 - The first quarter of 2020 was an extraordinary quarter. Aker BP delivered strong operational performance and set a new production record. This was however overshadowed by the COVID-19 pandemic and the...
Dril-Quip, Inc. Announces First Quarter 2020 Results
United States >> 5/6/2020 - Dril-Quip, Inc. reported operational and financial results for the first quarter of 2020. ...
Total Announces First Quarter 2020 Results
France >> 5/5/2020 - Total's Board of Directors met on May 4, 2020, to approve the Group’s first quarter 2020 financial statements. On this occasion, Chairman and CEO Patrick Pouyanné said:

'Total’s Board of Di...
Equatorial Guinea Grants 2Y Extension to O&G Companies
Equatorial Guinea >> 5/4/2020 - In the face of the COVID-19 global pandemic and its consequences on oil prices and African economies, the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea has signed a Ministerial Order g...
Aramco Responds to COVID-19 with Support for People and Communities
Saudi Arabia >> 5/4/2020 - Aramco is providing an update on how we are keeping our people and communities safe from COVID-19, while continuing to supply the world the energy it needs. ...
Panoro Energy Provides Operations and Corporate Update
Tunisia >> 5/4/2020 - Panoro Energy (Panoro) is pleased to provide a corporate update in conjunction with the publication of its 2019 annual report released on 30 April 2020. ...
Drilling Systems to Launch Cloud-hosted Simulator the iDrillSIM
United Kingdom >> 4/30/2020 - Clive Battisby: “Last week we were delighted to launch our new cloud-hosted simulator the iDrillSIM.

“This ground-breaking innovation allows traditional simulator training to be done remote...
APICORP Announces USD 500M to Member Countries in COVID-19
Oman >> 4/29/2020 - The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution has launched a USD 500 million countercyclical support package aimed at supporting its clients in...
SABIC Donates $1.5M to Support COVID-19 Response Efforts
United States >> 4/29/2020 - SABIC, a global leader in diversified chemicals announced that it is donating $1.5 million in monetary and in-kind product donations in the Americas region to assist those most impacted during the COV...
UKOG Announces Operating Cost Reductions plus GBP1.275m Funding
United Kingdom >> 4/28/2020 - UK Oil & Gas PLC is pleased to announce that, in response to the Covid-19 induced low oil price environment, it has successfully implemented material cost savings at all levels across its organisation...
Call for Three Stage Framework to Help head off Thousands of Job Losses in Oil and Gas Industry
United Kingdom >> 4/28/2020 - The leading representative body for the UK’s offshore oil and gas industry has warned that up to 30,000 jobs could be lost in the sector as it called for the transition to net zero to be put at the he...
Petronas Has Not Shut Down Any of Its Rigs
Malaysia >> 4/25/2020 - PETRONAS refutes the allegations in news reports published in the New Straits Times dated 24 April 2020, regarding the deactivation of 14 PETRONAS oil rigs as reported in its print version, and the sh...
Maersk Drilling Adapts Offshore Crew Pool to the Changing Market Environment
Norway >> 4/24/2020 - In light of the current commercial outlook, Maersk Drilling intends to stack a number of the company’s North Sea rigs. As a consequence, Maersk Drilling proposes to reduce the offshore crew pool and h...
Santos Announces First Quarter 2020 Activities Report
Australia >> 4/23/2020 - Strong free cash flow and liquidity ...
Jadestone Reduces Capex, Australia Infill Wells Deferred
Australia >> 4/22/2020 - Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, notes the collapse of global crude oil benchmarks, with oil demand significantly impacted by th...
Intention to delist from TSX-V & Debt Reduction
Canada >> 4/22/2020 - Zenith Energy Ltd., the listed international oil & gas production company focused on pursuing African development opportunities, announces its intention to delist from the TSX Venture Exchange (“TSX-V...
Three Indian Refiners Cut Mideast Oil Imports in May
India >> 4/22/2020 - At least three Indian refiners have curbed oil imports from Middle East producers, including Saudi Arabia, for May because of storage constraints as local fuel demand slumped following the coronavirus...
Q1 2020 Operational Update
Trinidad and Tobago >> 4/20/2020 - Trinity Exploration & Production plc, the independent E&P company focused on Trinidad and Tobago, today provides an update on its operations for the three-month period ended 31 March 2020 ("Q1 2020" o...
No Distraction in South Pars Production Despite COVID-19 Outbreak
Iran >> 4/18/2020 - The CEO of Pars Oil and Gas Company (POGC) said the spread of coronavirus had not interrupted gas production from the South Pars joint gas field. ...
Tulip Oil Quarterly Update
Netherlands/Holland >> 4/16/2020 - Tulip Oil Holding B.V. is pleased to announce the latest quarterly update on its oil and gas exploration and production businesses in the Netherlands and Germany. ...
BP Supercomputer to Aid Global Healthcare Researchers in Race to Halt COVID-19
United States >> 4/16/2020 - BP is joining forces with the U.S. government, leading universities and the world’s largest technology companies by providing access to its supercomputer to help researchers halt the spread of COVID-...
Europa Oil & Gas Announces Its Interim Results
Morocco >> 4/15/2020 - Europa Oil & Gas (Holdings) plc, Morocco and UK focused oil and gas exploration, development and production company, announces its interim results for the six month period ended 31 January 2020. ...
Seabird Exploration Provides Operational Update & Effects of COVID-19
Norway >> 4/14/2020 - The COVID-19 outbreak continues to affect the global economy as well as oil demand. While market uncertainty is high, the Company continues to work with its clients as usual. However, to cope with t...
Baker Hughes Announces Financial Update in Response to COVID-19
United States >> 4/13/2020 - Baker Hughes announced a financial update in response to the significant decline in oil and gas prices and the COVID-19 pandemic. In addition to taking critical steps to reduce the spread and infectio...
Preliminary Q1 2020 Net Revenues and Business Update
United States >> 4/8/2020 - Based on preliminary reporting from operating units, TGS management expects net segment revenues* for the first quarter of 2020 to be approximately USD 152 million. Multi-client Investments for the qu...
FLNG Gimi Force Majeure Claim
Mauritania >> 4/7/2020 - Gimi MS Corp., a subsidiary of Golar LNG Ltd, received written notification of a force majeure claim (the “Notice”) from BP Mauritania Investments Ltd (“BP”) under the Lease and Operate Agreement, dat...
INEOS to Postpone Shutting down of Forties Pipeline System until Spring 2021
United States >> 4/7/2020 - INEOS FPS has responded to further requests from customers and delayed its planned shutdown of the Forties Pipeline System (which was originally planned for June 2020). The decision has been taken in ...
ExxonMobil Reduces 2020 Capex by 30%
United States >> 4/7/2020 - ExxonMobil said it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakn...
Fugro to Reduce Workforce in Response to COVID-19 Pandemic
Norway >> 4/6/2020 - Fugro is taking appropriate measures during the COVID-19 pandemic to keep its employees, partners and clients safe and healthy while ensuring service delivery. ...
Actions taken in response to Covid-19
United Kingdom >> 4/6/2020 - Petrofac Limited is providing an update on the actions it is taking to respond to the unprecedented market conditions affecting our industry, clients and business. These decisive actions include the ...
RockRose Energy Anounces Full Year Results
United Kingdom >> 4/6/2020 - RockRose Energy plc, the independent oil and gas production company, is pleased to announce its Full Year Results for the 12 months to 31 December 2019. As previously communicated, these were delayed ...
Duqm SEZ Authority Sets up Team to Manage COVID-19
Oman >> 4/5/2020 - The Special Economic Zone Authority at Dqum (SEZAD) formed a dedicated team to develop a response plan for the emergency cases arising out of the Coronavirus (Covid 19) spread in the Special Economic ...
Lebanon Extends Deadline for Licensing Due to COVID-19
Lebanon >> 4/3/2020 - The Lebanese Petroleum Administration (LPA) has announced a postponement of the closing date for its ongoing second offshore exploration licensing round in response to the spread of COVID-19 worldwide...
OGUK Launches Survey to Understand Issues Facing Supply Chain
United Kingdom >> 4/3/2020 - The leading representative body for the UK offshore oil and gas industry has launched a survey in a bid to help find solutions to the problems faced by the supply chain as it deals with the impact of ...
Transglobe Energy Announces Operations & Corporate Update
Transglobe Energy Announces Operations & Corporate Update Egypt >> 4/2/2020 - TransGlobe Energy Corporation (TGA) (“TransGlobe”) announces a Q1 financial, operations and corporate update. All dollar values are expressed in US dollars unless otherwise stated. ...
United Oil & Gas Provides Operational & Corporate Update
United Oil & Gas Provides Operational & Corporate Update Egypt >> 4/2/2020 - United Oil & Gas Plc (UOG) is pleased to provide an operational and corporate update to shareholders including the commencement of gas production at the Al Jahraa Field in the Company's 22%-owned Abu ...
Centrica Puts Sale of Spirit Energy on Hold
United States >> 4/2/2020 - Summary
- Priority during the Covid-19 pandemic is to look after the health and safety of our employees and our customers.
- The Company is committed to helping all the communities it serv...
Brazil Suspends 17th Licensing Round
Brazil >> 4/1/2020 - Brazil's ANP has approved the temporary suspension of the 17th Bidding Round for areas for oil and natural gas exploration and production, under the concession regime, which was scheduled for this yea...
BP Details COVID-19 Response & Provides Market Update
United States >> 4/1/2020 - BP set out actions it is taking in response to the COVID-19 pandemic and ongoing market disruption. It also provided an update on factors expected to affect its first quarter results. ...
Rig Utilization Could Fall by 18% in Southeast Asia in 2020
Indonesia >> 3/31/2020 - Southeast Asia’s rig market, which was poised for growth in 2020, is now set for decline. Several oil companies have already made significant cuts to their 2020 capex budgets due to the impact of the ...
Predator Oil and Gas Provides Update on Trinidad & Morocco
Morocco >> 3/31/2020 - Predator Oil & Gas Holdings Plc (PRD) provides the following company update to the market in light of the ongoing worldwide situation with regard to the Coronavirus.

The fundamentals of th...
Polarcus COVID-19 Response and 2020 Cost Reduction Plan
United Arab Emirates >> 3/31/2020 - Polarcus Limited announces enhanced business continuity measures and a USD 15 million cost reduction plan to navigate the current uncertainty facing the marine seismic acquisition market due to the co...
Update on COVID-19 Situation
United States >> 3/31/2020 - Aker Solutions is monitoring the COVID-19 situation globally on a daily basis and follows the guidance from the World Health Organization, International SOS, Center for Disease Control and the Norwegi...

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