Rate this article By Offshore Energy Today.. Due to the general uncertainty in the world and for the industry caused by the coronavirus and the collapse in commodity prices, UK subsea engineering company Subsea 7 is withdrawing its guidance and… … Read Full Article Here For more great articles: Offshore Energy Today
Rate this article By LNG World News The worldwide natural gas sector has been impacted by a “triple whammy” of coronavirus, oil price crash and LNG oversupply, the consultancy Wood Mackenzie said in a report on Wednesday. “While the collapse of LNG prices towards US production break-evens was foreseeable, the narrative for the rest of…
Rate this article By LNG World News The Hague-based energy giant Shell is withdrawing from the planned Lake Charles liquefied natural gas export project in Louisiana citing current market conditions. Oil prices have plunged to an 18-year low on Monday due to the effects of the coronavirus pandemic. The Lake Charles LNG export project is…
Rate this article By _Offshore_Energy_Today_ Norwegian oil and gas major Equinor has revealed an action plan to battle the impacts of the coronavirus and low commodity prices under which it will reduce its spending for 2020 by $3 billion. … Read Full Article Here For more great articles: Offshore Energy Today
Rate this article By Offshore Energy Today.. 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 rate, are poised to wreak havoc on new… … Read Full Article Here For more great articles: Offshore Energy Today
Rate this article By LNG World News The value of Australia’s LNG exports is forecast to decline to $49 billion in 2019–20 and fall back further to $44 billion in 2020–21, in real terms, driven by declining oil-linked contract prices. Read Full Article Here For more great articles: LNG World News
Rate this article By LNG World News The Hague-based LNG giant Shell said on Monday it plans to heavily reduce operating costs and spending to help mitigate the impact of the coronavirus outbreak and tumbling oil prices. Shell said in a statement it would reduce 2020 cash capital expenditure to $20 billion or below from…
Rate this article By Offshore Energy Today.. As a result of an unprecedented combination of a global pandemic coupled with a dramatic fall in oil prices, Norwegian oil and gas company OKEA will postpone all project sanction decisions and, where… … Read Full Article Here For more great articles: Offshore Energy Today
Rate this article By Offshore Energy Today.. The COVID-19 pandemic has shaken energy markets to the core this year, creating incredible volatility for fuel prices. The one energy source that hasn’t blinked though is coal, a fuel that may come… … Read Full Article Here For more great articles: Offshore Energy Today
Rate this article By Offshore Energy Today.. Oil prices could fall into the low $20s for the global market to rebalance, as Rystad Energy expects an increase in global supplies in the next three months. … Read Full Article Here For more great articles: Offshore Energy Today