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COVID-19 cases, deaths spike globally

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As Oil and gas producers around the world continue to step up measures to prevent or limit the spread of the coronavirus, World Health Organization Director-General Tedros Adhanom Ghebreyesus warned the “pandemic is accelerating,” in a tweet on Monday. There...
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Thousands of O&G workers face lay-offs in Norway as COVID-19 spreads

OilNOW -
As the COVID-19 global pandemic rages on, Norway, holder of the world’s largest Sovereign Wealth Fund, is seeing a rapid increase in cases as foreign workers in the country’s oil and gas sector are sent home and others are...
News

Can the North Sea oil and gas industry survive the downturn?

OilNOW -
The North Sea oil and gas industry has weathered several storms in its 50-year existence. But the events of the past few weeks mean the sector is entering uncharted waters. The coronavirus pandemic and collapse in OPEC+ production restraint...
News

COVID-19, political instability could restrict Guyana’s growth and stall oil investments

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The International Monetary Fund (IMF) says commodity exporters in South America will face all round lower export revenues as a result of the COVID-19 pandemic both from the drop in prices and reduction in export volumes, especially to China, Europe...
News

Suriname aiming to become offshore oil producer in 5 to 6 years

OilNOW -
Suriname’s first major offshore oil discovery at the Maka Central-1 field in Block 58 could move to production in 5 to 6 years and expectations are high that multiple projects could come on stream within the same period. Reports indicate...
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Brazil’s Petrobras reduces on-site workforce by 50% amid virus efforts

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(S&P Global) Brazilian state-led oil company Petrobras slashed administrative staff by at least 50%, including at operations units such as refineries and production facilities, amid expanding efforts across Latin America's biggest country to limit social contact and avoid dissemination...
Exploration

Virus delays oil exploration offshore Bahamas

OilNOW -
(Tribune Business) An oil explorer has delayed the drilling of its first well in Bahamian waters until late May/early June to ensure the coronavirus crisis does not cost it “millions of dollars”. Simon Potter, the Bahamas Petroleum Company’s (BPC) chief...
News

Bristow deploys helicopters for corona evacuations in UK

OilNOW -
Bristow Helicopters has successfully repatriated offshore workers in the oil and gas industry with suspected cases of the novel coronavirus – COVID-19 – using three specially-configured former search and rescue aircraft. Three suspected COVID-19 cases have been flown from offshore...
News

Stabroek co-venturer CNOOC appoints new president

OilNOW -
CNOOC Limited announced on Friday the appointment of Hu Guangjie as Executive Director and President. The company said Xu Keqiang has resigned as the President and he remains as an Executive Director and the Chief Executive Officer of the Company. CNOOC...
News

Venezuela to close pumps as gas runs short, viral outbreak grows

OilNOW -
(Bloomberg) -- Venezuela’s government is shutting fuel stations nationwide to ration dwindling gasoline inventories as a quarantine designed to stop the coronavirus paralyzes the country, seven people said. Just a few dozen of Petroleos de Venezuela SA’s 1,800 gas stations...
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SBM Offshore Guyana throws support behind Mental Health Awareness Campaign

SBM Offshore Guyana has thrown its support behind a new national mental health campaign launched by the Office of...

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