8:31 pm Energean might reduce its budget for Egypt by $140 million
1:57 pm Chevron cuts 2020 capital spending by $4 bn in response to COVID-19 outbreak
1:51 pm Eni to cut capex by 25% this year to temper the impact of coronavirus
3:39 pm Total to slash over $2.5 billion from its E&P business as oil crisis bites
3:36 pm GHP Exploration farming out 50% of its share in West Gebel El Zeit Concession
2:27 pm Shell slashes capital expenditure, reduces operating costs
Energean might reduce its budget for Egypt by $140 million
Mediterranean gas group Energean might cut its budget for Egypt by USD 140 million as oil and gas companies cut back on spending amid the covid-19 pandemic and a simultaneous oil price war. Energean has […]
Chevron cuts 2020 capital spending by $4 bn in response to COVID-19 outbreak
Chevron next to cut spending in response to COVID-19 effects: Chevron Corp. has cut its 2020 capital spending plan by $4 billion, or 20%, to $16 billion, in response to market conditions. Chevron Corp. has […]
Eni to cut capex by 25% this year to temper the impact of coronavirus
Italian energy group Eni will cut its capital spending by a quarter this year, and more next, as it moves to mitigate the impact from falling commodity prices because of the coronavirus emergency. In a […]
Total to slash over $2.5 billion from its E&P business as oil crisis bites
In an effort to alleviate the concequences of the recent oil price plunge, French oil major Total has revealed its plan to reduce the capex for 2020 by more than $3 billion and save about […]
GHP Exploration farming out 50% of its share in West Gebel El Zeit Concession
GHP Exploration is farming out a 50% working interest in its West Gebel El Zeit concession, situated in the prolific Gulf of Suez basin. GHP Exploration is announcing an opportunity for a farm-in (up to […]
Shell slashes capital expenditure, reduces operating costs
Operator will take further strategic decisions as necessary due to coronavirus: Anglo-Dutch supermajor Shell is slashing operating costs, reducing planned capital expenditure by at least 20% this year alongside “material reductions in working capital” as […]
Wintershall Dea CEO Mario Mehren: “We are in controlled emergency state”
Wintershall Dea CEO Mario Mehren Interview with German Handelsblatt Newspaper. Mr Mehren, the corona crisis is keeping the world on tenterhooks, public life in Germany is practically at a stand- still, and Wintershall Dea has […]
Work continuing at Far East yards on Energean’s FPSO
Energean remains on track to deliver first gas from its Karish project offshore Israel during the first half of next year, the company said in its results statement. Energean remains on track to deliver first […]
SDX commences drilling of Sohbi well at South Disouq onshore Egypt
SDX Energy, the MENA-focused oil and gas company, has provided an update on its drilling operations in Egypt. The SD-12X (Sohbi) well at South Disouq in Egypt (SDX 55% working interest, 100% working interest in […]
Wintershall Dea Annual Press Conference 2020: Video Statement
Wintershall Dea’s CEO Mario Mehren reviews the year 2019 and looks ahead to 2020. (Source: Wintershall Dea)
