Japan’s Inpex Corporation is reviewing its investment plans and looking into other cost-reducing measures due to the current market situation and the impact of the coronavirus and the oil price decline on its business operations.
Danish tanker owner and operator Maersk Product Tankers returned to black having reported a profit of $91.4 million for 2019 as freight markets improved across all tanker segments. The profit marks a significant recovery when compared to a loss of $35 million a year earlier. The tanker shipping comp
Woodside is exploring how the costs for its Sangomar project, located offshore Senegal, can be reduced and expenditure delayed due to the current coronavirus pandemic and the sudden fall of the oil price.
FAR Limited has temporarily suspended its plans to drill an exploration well offshore The Gambia as a result of the coronavirus pandemic.
Equinor has decided to reduce operating costs and spending to help mitigate the impact of the coronavirus outbreak and oil price downturn.
Finnish state-owned gas company Gasum said on Tuesday it had entered into a deal with Sweden’s largest fuel company Preem for the supply of a new fuel blend consisting of liquefied natural gas and 10 percent of renewable liquefied biogas. This is the first deal that involves Gasum delivering a blend
Tullow Oil and its partners have decided to drill an exploration well in Block 47 located offshore Suriname next year.
