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Financials and Investment News

Suspending Buy Back under the Share Buy Back Program until Further Notice
Norway >> 3/22/2020 - Equinor is under the current market conditions suspending buy-back under the share buy-back programme until further notice. Additionally, Equinor has started to implement measures to reduce operating ...
Coronavirus, Gas Slump Put Brakes on Exxon's Giant Mozambique LNG Plan
Mozambique >> 3/21/2020 - Exxon Mobil is likely to delay the greenlighting of its $30 billion liquefied natural gas (LNG) project in Mozambique as the coronavirus disrupts early works and a depressed gas market makes investors...
OKEA Provides Operational and Financial Update
Norway >> 3/20/2020 - The industry is in the midst of an unprecedented combination of a global pandemic coupled with a dramatic fall in oil prices. The Board of Directors and the Management team of OKEA have been working c...
Revised 2020 Capex Guidance and Update on the Southwest Vietnam Gas Development
Vietnam >> 3/19/2020 - Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, provides an update on its 2020 capital expenditure guidance.

In light of current ...
ConocoPhillips Responds to Recent Oil Market Downturn
United States >> 3/18/2020 - ConocoPhillips is taking several actions in response to the recent oil market downturn. ...
Panoro Announces Impact of Coronavirus (COVID-19) on Operations and Corporate Update
Tunisia >> 3/18/2020 - Panoro Energy ASA provides a corporate and core operations update in response to the Coronavirus (COVID-19) pandemic and concurrent low oil price environment. ...
More than 200 OFS Firms in Europe Could Go Bankrupt as Covid-19
More than 200 OFS Firms in Europe Could Go Bankrupt as Covid-19 United Kingdom >> 3/17/2020 - Around 20% of Europe’s mid- and small-sized oilfield service companies, the vast majority of which are British or Norwegian, are set to become insolvent as the effect of the Covid-19 epidemic will hit...
Hess Announces Reduction to 2020 Capital & Exploratory Budget
United States >> 3/17/2020 - Hess Corporation announced a revised $2.2 billion capital and exploratory budget for 2020, an $800 million reduction from the previous budget of $3.0 billion. The company also announced a new $1.0 bil...
Kosmos Provides Operational Updates
Mauritania >> 3/17/2020 - Following the announcement of Kosmos Energy 's full year 2019 results on February 24, 2020, the company is providing an operational update. ...
Statement Re Oil Price Volatility
Argentina >> 3/17/2020 - Echo Energy, the Latin American focused upstream oil and gas company, provides the following update in relation to the continued falls in global oil prices. ...
£8 million ($9.8 million) Expansion to Existing Convertible Loan Facility
Bahamas >> 3/17/2020 - Bahamas Petroleum Company plc, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas ("The Bahamas"), is pleased to announce that it...
ExxonMobil Evaluating Capital & Operating Expense Reductions
United States >> 3/16/2020 - ExxonMobil is looking to significantly reduce spending as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases, the company said today. ...
Pioneer Announces 2020 Capital Spending Reduction
United States >> 3/16/2020 - Pioneer Natural Resources Company is taking decisive action in response to lower oil prices and global macroeconomic uncertainty. Pioneer is reducing its 2020 drilling, completion and facilities capit...
Fundraising Update and Total Voting Rights
United Kingdom >> 3/13/2020 - Ascent Resources Plc the onshore European independent oil and gas exploration and production company announces the following update to the fundraising announced on 14 February 2020. ...
Premier Oil Announces Trading Update
United Kingdom >> 3/13/2020 - Following the announcement of Premier’s 2019 Full Year Results last week, the Group provides the following trading update in light of the current market volatility. ...
Husky Cuts 2020 Spending By $1 Billion
Indonesia >> 3/12/2020 - Husky Energy is taking a series of actions to fortify its business in response to challenging global market conditions. ...
Horizon to Manage Current Volatile Oil Price Environment
Australia >> 3/12/2020 - Horizon Oil is well placed to manage its way through the current volatile oil price environment. ...
Mosman Conducting Full Review of All Operations
Australia >> 3/12/2020 - Mosman Oil and Gas Limited, the oil exploration, development and production company, provides the following update to operations. ...
PetroTal Provides Liquidity Update
Peru >> 3/10/2020 - PetroTal Corp., the Peruvian focused E&P company, notes the following in relation to the global retraction in oil prices, and global market decline. All currency amounts are in United States dollars. ...
Panoro Energy Provides Corporate Update
Gabon >> 3/10/2020 - Panoro Energy ASA provides a corporate update in the current low oil price environment: ...

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