Covid-1

Management teams at energy companies across the country have been challenged by the unprecedented Covid-19 pandemic and the decline in oil prices, but employers were given high marks in how they’ve handled the crisis, according to a University of Houston (UH) Energy-led survey.

The Covid-19 virus pandemic has inflicted delay on a planned liquefied natural gas (LNG) export project on Canada’s Atlantic Coast,Goldboro LNG, project sponsor Pieridae Energy Ltd. said Thursday.

Oil and natural gas operators have begun taking a second look at spending cuts implemented in March and are shelving projects as a return to “normal” is not forecast until demand comes closer to matching supply.

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.

Natural gas and electric power utilities across the United States braced for the continued spread of the Covid-19 novel coronavirus disease on Wednesday, as the World Health Organization officially called the disease a pandemic for the first time and the number of documented cases in the United States surpassed 1,000.

In another sign of the impact on energy demand from the worldwide coronavirus, the Organization of the Petroleum Exporting Countries (OPEC) on Thursday recommended that members reduce global crude output through the end of the year, with an additional adjustment through June.