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3 April 2020
Brent crude oil futures make sharp rise above $30 a barrel
Brent crude oil futures have increased by 7% to more than $30 a barrel, reversing an earlier loss in European trading on Friday.
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3 April 2020
Covid-19: Nigeria’s DPR tells O&G companies to cut staff at sites
Nigeria’s Department of Petroleum Resources (DPR) has instructed oil and gas firms to reduce workforce and practice social distancing at project sites.
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2 April 2020
Covid-19 Live Timeline
Here's the timeline of how the Coronavirus outbreak evolved from Wuhan city in China and is spreading across the world and how it affects the oil and gas industry.
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2 April 2020
Covid-19: Aker Energy postpones Ghana project due to pandemic
Offshore oil and gas operator Aker Energy has terminated a letter of intent (LoI) for the Pecan project in Ghana.
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2 April 2020
Oil prices rise 10% with hopes for Saudi Arabia-Russia price war truce
Oil prices have edged-up 10% after US President Donald Trump said that he expects Saudi Arabia and Russia to reach a deal soon to end their price war.
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2 April 2020
BP cuts capital spending in response to Covid-19 disruption
BP has announced plans to cut capital spending by 25% to $12bn this year in the wake of the oil price crash triggered by the coronavirus (Covid-19) pandemic.
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2 April 2020
TechnipFMC to cut capital expenditure by 30% amid Covid-19 crisis
Oil services firm TechnipFMC has announced that it will cut its planned capital expenditures (capex) by 30% to $300m for 2020.
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2 April 2020
ONGC achieves first gas from Krishna-Godavari basin offshore India
India’s Oil & Natural Gas Corporation (ONGC) has achieved first gas from its Block 98/2 deep-water development in the Krishna-Godavari basin, offshore India.
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1 April 2020
Coor secures offshore agreement extension with Equinor
Swedish firm Coor has secured offshore facility management services extension from Norwegian oil and gas firm Equinor.
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1 April 2020
Oil prices fall to $25 as US inventory build-up raises oversupply fear
Oil prices have dropped to $25 a barrel due to a bigger-than-expected rise in the US inventories, subsequently increasing oversupply fears.