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Oil & Gas
Frontier

Frontier postpones Africa E&P Summit, launches Online Webinar Series

Posted: April 5, 2020 at 1:42 pm   /   Oil & Gas

Frontier, the organisers of the Africa E&P Summit have made the difficult but obvious decision to postpone the conference from May until 21 – 22 October 2020 at the same venue. Not a decision taken […]

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oil

Egypt’s 2020-2021 draft budget is based on $61 oil barrel price

Posted: March 31, 2020 at 3:35 pm   /   Oil & Gas

Egypt’s 2020-21 draft budget is based on an oil price of $61 per barrel, the finance ministry said on Monday, down from $68 in the current budget which ends on June 30 but around three […]

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Nat Gas

Natural Gas Regulatory Authority lowers fees for commercial licenses

Posted: March 31, 2020 at 3:32 pm   /   Oil & Gas

Natgas regulator lowers fees for commercial licenses: The Natural Gas Regulatory Authority will charge companies lower fees this year for commercial gas transmission, shipping, distribution, and supply licenses, Al Mal reports, citing an unnamed top […]

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Energean

Energean might reduce its budget for Egypt by $140 million

Posted: March 29, 2020 at 8:31 pm   /   Oil & Gas

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 […]

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Chevron

Chevron cuts 2020 capital spending by $4 bn in response to COVID-19 outbreak

Posted: March 26, 2020 at 1:57 pm   /   Oil & Gas

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 […]

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Eni

Eni to cut capex by 25% this year to temper the impact of coronavirus

Posted: March 26, 2020 at 1:51 pm   /   Oil & Gas

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 […]

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Total

Total to slash over $2.5 billion from its E&P business as oil crisis bites

Posted: March 24, 2020 at 3:39 pm   /   Oil & Gas

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 […]

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GHP-Farm_out

GHP Exploration farming out 50% of its share in West Gebel El Zeit Concession

Posted: March 24, 2020 at 3:36 pm   /   Oil & Gas

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 […]

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Shell

Shell slashes capital expenditure, reduces operating costs

Posted: March 23, 2020 at 2:27 pm   /   Oil & Gas

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 […]

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Wintershall Dea Mario Mehren

Wintershall Dea CEO Mario Mehren: “We are in controlled emergency state”

Posted: March 22, 2020 at 3:06 pm   /   Oil & Gas

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 […]

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