The duration of the global Covid-19 pandemic remains uncertain, but the oil and gas industry likely will face the “most severe” impacts in the second quarter, Schlumberger Ltd. CEO Olivier Le Peuch said Friday.He shared first quarter results and a partial outlook for the current quarter during a conference call with CFO Stephane Biguet in Houston.
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Articles from Capex
NGI The Weekly Gas Market Report
Lower 48 Oil, Gas Shut-ins, Job Losses Forecast to Accelerate in Reaction to Coronavirus, Low Prices
U.S. oil and gas operators continue to reduce spending and pull back on activity in light of the plummet in demand from Covid-19 and miserable oil prices.
April 17, 2020
NGI The Weekly Gas Market Report
Coronavirus Leads SilverBow to Shut in Eagle Ford Gas, Oil Production, while Murphy CEO Returns to Work
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.
April 13, 2020
NGI The Weekly Gas Market Report
Coronavirus Leads SilverBow to Shut in Eagle Ford Gas, Oil Production, while Murphy CEO Returns to Work
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.
April 13, 2020
U.S. Natural Gas Rig Count Down Four; Oil’s Dramatic Drop-Off Continues
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.
April 9, 2020
U.S. Natural Gas Rig Count Down Four; Oil’s Dramatic Drop-Off Continues
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.
April 9, 2020
NGI The Weekly Gas Market Report
‘Big Cut Is Here,’ Says Yergin, as North American E&Ps Slammed by Coronavirus and Price War
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.
April 8, 2020
Marathon Taking Frack ‘Holiday’ in Bakken, Eagle Ford as E&Ps Deal with Coronavirus Impacts
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.
April 8, 2020
NGI The Weekly Gas Market Report
‘Big Cut Is Here,’ Says Yergin, as North American E&Ps Slammed by Coronavirus and Price War
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.
April 8, 2020
Marathon Taking Frack ‘Holiday’ in Bakken, Eagle Ford as E&Ps Deal with Coronavirus Impacts
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.
April 8, 2020
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