Post Tagged with: "Covid-19"

Covid-19 and oil price war could derail two-thirds of the world’s oil & gas project sanctioning in 2020

Covid-19 and oil price war could derail two-thirds of the world’s oil & gas project sanctioning in 2020


The effect 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 project development

March 25, 2020 - 2:30 pm Closing Bell Story‎, Energy News, International
Thirteen suspected Covid-19 cases on Taqa North Sea platforms

Thirteen suspected Covid-19 cases on Taqa North Sea platforms

Energy Voice


Taqa said that eight crew members are currently under self-isolation on its Cormorant Alpha and North Cormorant platforms.

It added that a further five workers have show “minor symptoms” and are nearing the end of their self-isolation period.…

March 24, 2020 - 7:00 am Energy News, Exploration and Production (E&P), Offshore
Source: Reuters

Suncor Energy provides a corporate update including revised 2020 capital program, operating costs and production outlook

CALGARY, Alberta, March 23, 2020 (GLOBE NEWSWIRE) — Suncor released a corporate update today, including revised 2020 corporate guidance for capital, operating costs and production outlook, reflecting the significant decline in the crude oil price and uncertainty surrounding the economic …

March 23, 2020 - 11:18 pm Crude Oil News, Press Releases
Source: Reuters

Oil falls 6% after Trump surprises with travel ban

Reuters


LONDON – Oil prices fell more than 6% on Thursday after U.S. President Donald Trump unexpectedly announced restrictions on travel from Europe in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak …

Market Extra: Has the coronavirus selloff created a stock-buying opportunity, or is it too early? Here’s what analysts and strategists are advising

Market Extra: Has the coronavirus selloff created a stock-buying opportunity, or is it too early? Here’s what analysts and strategists are advising

Source: CNBC

Global oil demand set to see first quarterly decline in over 10 years, IEA says

CNBC


Global oil demand is now expected to see its first quarterly contraction in over a decade, according to the International Energy Agency (IEA), as the new coronavirus and widespread shutdown of China’s economy hits demand for crude.

Demand is …