Capex

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.

A major contraction is underway across North America’s natural gas and oil industry from Covid-19 and unyielding commodity prices, and operators are responding in every way possible to sow the seeds of an eventual recovery.

A major contraction is underway across North America’s natural gas and oil industry from Covid-19 and unyielding commodity prices, and operators are responding in every way possible to sow the seeds of an eventual recovery.

Covid-19 is continuing to cast its dark shadow across the energy sector, as more layoffs are announced and further reductions to capital spending marred the end to the first quarter.

Covid-19 is continuing to cast its dark shadow across the energy sector, as more layoffs are announced and further reductions to capital spending marred the end to the first quarter.

Covid-19 is continuing to cast its dark shadow across the energy sector, as more layoffs are announced and further reductions to capital spending marred the end to the first quarter.

Covid-19 is continuing to cast its dark shadow across the energy sector, as more layoffs are announced and further reductions to capital spending marred the end to the first quarter.

With the outlook for oil and natural gas demand dimming because of the restrictions imposed by Covid-19, global capital spending may fall by 17% year/year with the Lower 48 producers taking the brunt.

With the outlook for oil and natural gas demand dimming because of the restrictions imposed by Covid-19, global capital spending may fall by 17% year/year with the Lower 48 producers taking the brunt.