It is Shell’s first big investment decision since the coronavirus crisis and tensions between Saudi Arabia and Russia caused oil prices to crash below $30 per barrel. Natural gas prices are currently at historic lows.

Schlumberger GAAP loss per share, including charges of $5.57 per share, was $5.32

U.S. Rig Count is down 73 rigs from last week to 529, Canada Rig Count is down 5 rigs from last week to 30

China on Friday reported a contraction of 6.8% in its Q1 GDP, but economic activity improved in March from January-February.

Norway's preliminary production figures for March 2020 show an average daily production of 2 038 000 barrels of oil, NGL and condensate,

Australian independent oil and gas producer Santos has signed a letter of intent (LoI) to sell a 12.5% stake in the Barossa gas field in northern Australia to JERA, the joint venture between Japanese power utilities TEPCO and Chubu Electric.

Shell Australia (Shell) has taken a final investment decision to develop the first phase of Arrow Energy’s Surat Gas Project in Queensland, Australia.

ADNOC has terminated $1.65 billion worth of contracts

Crude oil production from the major US onshore regions is forecast to decrease 183,000 b/d month-over-month in April from 8,709 to 8,526 thousand barrels/day, gas production to decrease 869 million cubic feet/day from 84,027 to 83,158 million cubic feet/day .

Baker Hughes has approved a plan that will result in restructuring, impairment, and other charges of approximately $1.8 billion

Podcast/Audio - COVID-19 and the considerable impacts both positive and negative that it will have on the world of Energy

In the first quarter 2020, NOVATEK’s hydrocarbon production totaled 150.2 million barrels of oil equivalent

U.S. Rig Count is down 62 rigs from last week to 602, Canada Rig Count is down 6 rigs from last week to 35

"At the same time, the industry has announced and initiated a number of measures, and we can already see that this is affecting activity on the Norwegian shelf. Substantial cost cuts have been announced, reducing both exploration activity, investments and operating costs moving forward," says Director General Ingrid Sølvberg.

Brent crude oil prices averaged $32/barrel (b) in March, a decrease of $24/b from the average in February and the lowest monthly average since January 2016.