23 April 2020
Aviation to be the most severely impacted end-use sector due to COVID-19: Poll
Aviation topped among the four sectors in a poll Verdict has conducted to assess the severity of the COVID-19 pandemic’s impact.
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21 April 2020
Halliburton to cut capex after reporting $1bn loss for Q1 2020
Oilfield services firm Halliburton has reported a net loss of $1bn for the first quarter of 2020 and has outlined its largest budget cut.
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17 April 2020
Covid-19: ConocoPhillips to cut spending by additional $1.6bn
American energy company ConocoPhillips has decided to further trim its planned capital expenditures this year by an additional $1.6bn due to the downturn caused by the Covid-19 pandemic.
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16 April 2020
Reabold starts activity at West Newton B site onshore UK
Reabold Resources, an investment firm operating in the exploration and production sector, is undertaking preparatory work at the West Newton B site in the UK.
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15 April 2020
Are companies optimistic about growth prospects following COVID-19 stimulus measures?
The COVID-19 outbreak has marred the growth expectations of companies of all sizes globally, across multiple industries. An ongoing poll being conducted by Verdict to track the optimism/pessimism over the...
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14 April 2020
Covid-19: Baker Hughes expects $15bn impairment and cuts capex
Baker Hughes expects to book a non-cash goodwill impairment charge of $15bn in the first quarter in response to the crash in oil and gas prices, as well as the...
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13 April 2020
How long will it take for the oil prices to stabilise after the COVID-19 pandemic? Poll has an answer
The onset of COVID-19 pandemic and its global spread have resulted in a fall in oil prices due to subdued demand foreseen and the price war between Russia and Saudi...
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13 April 2020
Eni’s supercomputer HPC5 to help in Covid-19 research
Italian energy firm Eni has made its new supercomputing infrastructure available for use in the fight against Covid-19.
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8 April 2020
INEOS to delay Forties pipeline shutdown until next year
British firm INEOS has postponed the closure of its Forties Pipeline System (FPS), which was originally planned for June.
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6 April 2020
Petrofac to cut capital expenditure and staff amid Covid-19 crisis
Oilfield services firm Petrofac has announced its plans to reduce overhead and project support costs by at least $100m this year and by up to $200m next year.