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British multinational utility company and British Gas owner Centrica has announced plans to cut around 5,000 jobs, which represents around 20% of its global workforce.
Oil producers led by the Organization of the Petroleum Exporting Countries (OPEC) and allies decided to cut production due to fall in demand and price.
Fall in crude prices and reduced demand from end-user markets during the COVID-19 pandemic has significantly impacted the oil and gas industry forcing companies to postpone investments and stall existing...
Oilfield services company ProPetro estimated that there are 20 hydraulic fracturing fleets operating in the Permian Basin.
Russian energy company Lukoil has announced that it has donated more than RUB652m ($9.3m) in 22 regions in the country to support Covid-19 response efforts.
French oil and gas major Total anticipates a $12bn revenue shortfall due to a fall in oil prices triggered by the novel coronavirus (Covid-19) outbreak.
US-based liquefied natural gas (LNG) development company NextDecade reportedly said that it still plans to make a final investment decision (FID) this year on its proposed Rio Grande LNG export...
Norwegian energy firm Equinor has suspended its 2020 oil and gas output guidance due to market conditions as a result of Covid19 pandemic, collapse of oil prices and government-imposed curtailments.
Danish rig operator Maersk Drilling has announced layoffs at its onshore offices, both at headquarters in Denmark and offices globally.
Canadian oil and gas exploration firm Pieridae Energy has negotiated extensions to the key deadlines of its long-term deal with German firm Uniper for the planned Golboro liquefied natural gas (LNG)...
