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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...
Neptune Energy Announces Full Year 2019 Results
United Kingdom >> 3/31/2020 - Neptune Energy, the global independent oil and gas exploration and production company, announces its financial results for the period ended 31 December 2019. ...
Biscathorpe Assessment Demonstrates Significant Commercial Upside
United Kingdom >> 3/30/2020 - Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce an update in respect of the Biscathorpe project located within Lincolnshire ...
Global E&P Capex Will Reach 13Y Low in 2020 as COVID-19
United States >> 3/30/2020 - Global capital expenditure (capex) for exploration and production firms (E&Ps) is expected to drop by up to $100 billion this year, about 17% versus 2019 levels, under Rystad Energy’s updated base cas...
McDermott Awarded Contract for Trion FPU Pre-FEED Design Competition
McDermott Awarded Contract for Trion FPU Pre-FEED Design Competition Mexico >> 3/30/2020 - McDermott International, Inc. has been awarded a sizeable* contract by BHP Billiton Petroleo Operaciones de Mexico, S. De R.L. De C.V. (BHP) to provide pre-front-end engineering design (pre-FEED) serv...
FAR Corporate Update
Senegal >> 3/30/2020 - The COVID-19 pandemic combined with the precipitous fall in Brent oil price by over 60% since January 2020 has adversely impacted global financial markets including the global availability of credit. ...
Devon Provides Revised 2020 Capital Expenditure Outlook
United States >> 3/30/2020 - Devon Energy Corp. provided updates to its 2020 capital expenditure outlook and hedge position. Based on current market conditions, Devon has elected to further reduce its capital expenditures by an a...
Interim Results for the six-month period ended 31 December 2019
Netherlands/Holland >> 3/27/2020 - Parkmead, the UK and Netherlands focused energy group, with four business areas, is pleased to report its interim results for the six-month period ended 31 December 2019. ...
EMGS Initiates Transition to Low Cost Set up
United States >> 3/27/2020 - Following the end of acquisition work under the two-year contract in the Americas, as announced to the market on 20 February 2020, the recent sharp oil price decline and the uncertainty created by the...
Operational Update – 2020 Reduced Capital Expenditure
Senegal >> 3/27/2020 - Further to its Preliminary Results disclosure on March 10, 2020 and in light of current market conditions, Cairn is proactively reviewing each of its assets and related capital expenditure programmes....
OMV Decides on Action Plan to Safeguard Financial Strength
Russia >> 3/26/2020 - The global spread of the coronavirus has abruptly transformed people’s lives and significantly worsened the economic environment. OMV is responding to this situation with targeted measures to safeguar...
Petrobras on Actions to Strengthen Resilience
Brazil >> 3/26/2020 - Petrobras hereby provides an update to the market on the measures that have been taken by the company in view of the impacts of the COVID-19 (coronavirus) pandemic and the oil prices shock. The compan...
COVID-19 & Cheap Oil are Set to Hit New Projects & Slash State Budgets in Africa
Nigeria >> 3/26/2020 - Most of Africa’s top planned oil and gas projects were expecting sanctioning under an oil price assumption of between $55 and $60 per barrel. Now, with oil prices falling to below their break-even cos...
IOG Announces Final Audited Results for Y/E 31 December 2019
United Kingdom >> 3/26/2020 - Independent Oil and Gas plc (IOG), the development and production company focused on becoming a substantial UK gas producer , is pleased to announce its final audited results for the Year Ended 31 Dec...
Touchstone Announces Y/E 2019 Results
Trinidad and Tobago >> 3/26/2020 - Touchstone Exploration Inc. reports its operating and financial results for the three months and year ended December 31, 2019. Selected information is outlined below and should be read in conjunction ...
Occidental Provides Update on Capital Spending & Cost Reductions
United States >> 3/25/2020 - Occidental Petroleum Corporation announced a further reduction in 2020 capital spending to between $2.7 billion and $2.9 billion from its original 2020 guidance of $5.2 billion to $5.4 billion, a midp...
OGA Promises to Work Flexibly with All Parties during the COVID-19 Pandemic
United Kingdom >> 3/24/2020 - As the COVID-19 pandemic continues to impact on our way of life, the economic impact, combined with a significant fall in the commodity price, has hit the UK oil and gas industry hard. The Oil and Gas...
PetroNor Provides Corporate Update
Congo >> 3/16/2020 - PetroNor E&P Limited provides a corporate update that addresses price sensitivity of operations in the current low oil price environment. ...
2020 is a Turning Point for Middle East Economies
Saudi Arabia >> 12/23/2019 - The Middle East economy is expected to recover at an estimated 2.1% in 2020. According to ICAEW's latest Economic Update, overall improvement in the region will be primarily driven by an uptick in the...
Eni, BF S.p.A. and Coldiretti Sign Cooperation Agreement in Africa
Ghana >> 10/12/2019 - Coldiretti’s President, Ettore Prandini, Eni’s CEO, Claudio Descalzi, and BF S.p.A.’s CEO, Federico Vecchioni, signed a cooperation agreement to start assessing the potential for projects abroad– espe...

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