Capex

Oil and natural gas companies are continuing to trim their capital spending plans for 2020 because of the lack of demand exacerbated by the Covid-19 pandemic, but on a related note, there was some good news as Murphy Oil Corp.’s CEO returned from medical leave after recuperating from the virus.

The U.S. natural gas rig count fell four units to 96 during the week ended Thursday (April 9) as a dramatic reduction in oil-directed activity sent the overall domestic tally plummeting once again, the latest figures from Baker Hughes Co. (BKR) show.

The U.S. natural gas rig count fell four units to 96 during the week ended Thursday (April 9) as a dramatic reduction in oil-directed activity sent the overall domestic tally plummeting once again, the latest figures from Baker Hughes Co. (BKR) show.

The energy sector was quick to take a red pen to the 2020 budget in March as the coronavirus turned into a pandemic and the price war continued overseas, but some operators are finding they have to cut deeper in the face of uncertain demand for oil and gas.

The energy sector was quick to take a red pen to the 2020 budget in March as the coronavirus turned into a pandemic and the price war continued overseas, but some operators are finding they have to cut deeper in the face of uncertain demand for oil and gas.

The energy sector was quick to take a red pen to the 2020 budget in March as the coronavirus turned into a pandemic and the price war continued overseas, but some operators are finding they have to cut deeper in the face of uncertain demand for oil and gas.

The energy sector was quick to take a red pen to the 2020 budget in March as the coronavirus turned into a pandemic and the price war continued overseas, but some operators are finding they have to cut deeper in the face of uncertain demand for oil and gas.

The start of the second quarter has not been a good one for the oil and gas industry, as it appears no global operator will be spared from the devastating oil price war and deadly coronavirus pandemic.

The start of the second quarter has not been a good one for the oil and gas industry, as it appears no global operator will be spared from the devastating oil price war and deadly coronavirus pandemic.