We often forget how vital the chemical industry is to our well-being, safety and daily lives. The stigma around the issue of plastics waste in the environment often overshadows the progress the industry has made […]
US production of 616,000 barrels of oil per day (bpd) will be shut during May and 655,000 bpd during June as a result of the supply-demand imbalance that the COVID-19 pandemic has created, according to […]
The impact of the coronavirus lockdowns on the oil, gas and chemicals industries’ integrated value chains is radically shifting relationships and profitability. It is also making planning virtually impossible, as BASF suggested last week. The […]
The COVID-19 epidemic and the ongoing oil price war have ravaged global energy markets during the last 2 months, and offshore drilling in particular is among the most affected industry segments. A Rystad Energy impact […]
Global capital expenditure (capex) for exploration and production firms (E&Ps) is expected to drop by up to USD 100 billion this year, about 17% versus 2019 levels, under Rystad Energy’s updated base case scenario of […]
In the wake of the coronavirus and collapse in crude oil prices, chemical, and oil and gas, and midstream companies will all slash capital spending (capex) for growth projects to preserve cash. As a result, […]
The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on […]
ExxonMobil has released a model framework for industry-wide methane regulations and urged stakeholders, policymakers and governments to develop comprehensive, enhanced rules to reduce emissions in all phases of production. “ExxonMobil has been applying the principles […]
Underwater inspection services provider Welaptega has delivered on contracts to support two energy supermajors in West Africa after establishing a strategic partnership with engineering and training organisation STAT-Marine Nigeria Ltd. The awards saw the Ashtead […]
Exxon Mobil Corporation’s board of directors has elected Stephen Littleton as vice president of investor relations and corporate secretary, effective March 15. Neil Hansen, who is currently vice president of investor relations and corporate secretary, […]
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