Total sanctioning value will end up at around $47 billion, an amount that would be even lower if not for recent developments in Norway and Russia.

Gazprom Neft has been long collaborating with Shell.

While occupancy rates of gas storages around Europe approach full capacities, gas infrastructure in Ukraine becomes attractive.

Norway's preliminary production figures for June 2020 show an average daily production of 1 857 000 barrels of oil, NGL and condensate.

The Vietnam's government expects the country to face power shortages in the future

Quarterly sales revenue of US$785 million was 11% lower than the prior quarter primarily due to lower liquids prices partially offset by higher domestic gas and LNG sales revenues

Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Noble Energy, Inc. (NASDAQ: NBL) to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.

Schlumberger Limited (NYSE: SLB) reported results for the second quarter of 2020.

Baker Hughes Company Announces Second Quarter 2020 Results

U.S. Rig Count is down 2 rigs from last week to 251, Canada Rig Count is up 10 rigs from last week to 42