Sunday, July 13, 2025
Oil and gas companies set to lose $1 trillion in revenues this year- oil and gas 360

Oil and gas companies set to lose $1 trillion in revenues this year

CNBC Oil and gas exploration and production companies, or E&Ps, are slated to lose a staggering $1 trillion in revenues in 2020, according to analysis by research firm Rystad Energy. The E&P industry, which includes oil majors, made $2.47 trillion in revenues globally last year, the firm says. But this year it’s projected to bring in $1.47 trillion, reflecting a

Oil prices set to cap off nightmare month with gains- oil and gas 360

Oil prices set to cap off nightmare month with gains

Reuters LONDON – Oil prices jumped for a second day on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and clawing back ground at the end of a month of tumbles wrought by coronavirus fears that caused futures to plumb two-decade lows. Brent crude LCOc1 was up 13.8%, or $3.11, at $25.65 a

Shell’s second-quarter profit slumps 82% on coronavirus hit to oil prices, energy demand- oil and gas 360

Oil major Shell slashes dividend for the first time since World War II

CNBC Oil giant Royal Dutch Shell on Thursday cut its dividend to shareholders for the first time since World War II, following a dramatic slide in oil prices amid the coronavirus crisis. The board at Shell said it had decided to reduce the oil major’s first-quarter dividend to $0.16 per share, down from $0.47 at the end of 2019. That’s a reduction of

Weekly Gas Storage: Inventories increase by 76 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 70 Bcf

Natural Gas Inventories as of April 24, 2020 The EIA has released its natural gas inventory report, showing a net increase of 70 Bcf as of April 24, 2020. Working gas in storage was 2,210 Bcf as of Friday, April 24, 2020, according to EIA estimates. This represents a net increase of 70 Bcf from the previous week. Stocks were