Coronavirus company news summary – US crude stockpiles decline – Oil and gas deals peak during Q4
8 January The crude oil stockpiles in US registered a steep fall last week while fuel inventories surged as 2020 ended with an overall fuel demand…
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Jessica Paige
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Coronavirus company news summary – FID on Marigold oil field postponed – Covid-19 slumps oil futures prices
8 December Malaysian oil and gas producer Hibiscus has deferred the final investment decision (FID) on its Marigold oil…
ByCoronavirus company news summary – Chevron’s Tengiz project progresses – UAE to spend $122bn on oil output expansion
7 December Chevron is continuing with its multi-billion-dollar expansion programme at Tengiz oilfield in Kazakhstan despite rise in coronavirus…
ByCoronavirus company news summary – ConocoPhillips to lay off 500 jobs – Dorado oil field FID plans deferred to 2022
3 December US oil producer ConocoPhillips is planning to retrench around 500 employees at its headquarters in Houston, to…
ByCoronavirus company news summary – Norway to lift oil output curbs in January – India registers rise in diesel sale
2 December Norway’s curbs on oil production imposed in June will end on December 31. The output restrictions were…
ByCoronavirus company news summary – Gazprom Q3 net loss crosses $3bn – Velesto Energy Q3 revenue plunges
1 December Russian gas producer Gazprom posted a net loss of $3.3bn in the September quarter owing to weak…
ByCoronavirus company news summary – Petronas Q3 revenue crosses $10bn – Brazil to hold oil exploration bidding in October 2021
30 November Malaysian oil and gas major Petronas posted a net loss of $835m in September quarter, from the…
ByCoronavirus company news summary – Gazprom Neft sees Q3 earnings surge – Norway’s oil and gas investment to cross $18bn
Russian oil company Gazprom Neft reported a 27% increase in Q3 net income to $369m from the previous quarter,…
ByCoronavirus company news summary – China’s oil buying spree to extend to 2021 – Mermaid posts $84m loss in third quarter
19 November The coronavirus pandemic wreaked havoc on oil and gas sector in Australia, triggering more than 28,000 job…
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