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BP has announced plans to cut capital spending by 25% to $12bn this year in the wake of the oil price crash triggered by the coronavirus (Covid-19) pandemic.
Oil services firm TechnipFMC has announced that it will cut its planned capital expenditures (capex) by 30% to $300m for 2020.
Europa Oil & Gas Holdings (EOG) has announced plans to cut costs in the wake of the coronavirus (Covid-19) pandemic, stock market volatility and the oil price crash.
Developers of the Woodfibre LNG export project in British Columbia are delaying the start of construction to 2021 due to the Covid-19 pandemic.
Oil producer Equatorial Guinea has announced that it will abolish fees for oil and gas service companies operating within the country.
The US oil and gas industry trade association American Petroleum Institute (API) has asked President Donald Trump to suspend certain regulatory requirements for the oil and gas sector to ensure...
