Oilfield services companies have lost approximately 49% of their market capitalization since the beginning of this year.

Nord Stream 2 has until June 14 to appeal the BNetzA decision.

Gazprom will not renew a gas transit deal with Poland, which expires in May 2020.

To change the current paradigm, the industry will need to dig deep and tap its proud history of bold structural moves, innovation, and safe and profitable operations in the toughest conditions. The winners will be those that use this crisis to boldly reposition their portfolios and transform their operating models. Companies that don’t will restructure or inevitably atrophy.

In November 2019, the German parliament modified the Energy Industry Act to transpose the European Gas Directive that was amended in April 2019.

The $300 billion Public Investment Fund bought stakes in global corporate leaders such as Boeing, Facebook, Disney, Marriott and Starbucks. It also invested in two big US banks, Citigroup and Bank of America, and took holdings in oil giants BP, Total and Royal Dutch Shell.

“We have to see that Chinese companies, partly with the support of state funds, are increasingly trying to buy up European companies that are cheap to acquire or that got into economic difficulties due to the coronavirus crisis,”

The new China's project for receiving imported liquefied natural gas (LNG)

In 1Q 2020 negative Net income attributable to Rosneft shareholders amounted to RUB 156 bln (USD 2 bln) which was mainly a result of the forex exchange loss (RUB 177 bln) due to RUB depreciation and revaluation of foreign currency financial liabilities as well as a reduction of the operating income (-64.8% QoQ).

ROSNEFT'S AVERAGE DAILY HYDROCARBON PRODUCTION AMOUNTED TO 5.75 MMBOE

Shell announced that all conditions for its Final Investment Decision (FID) on a new LNG processing unit at Nigeria LNG (NLNG) have now been met.

Supplies to China continue at around 9 million cu m/d through the landmark pipeline -- the first direct link for Russian gas to reach China by pipeline.

The Nord Stream 2 operating company has declined to give any guidance on the schedule for completing the pipeline, saying only that it was "actively looking for solutions" to finish the pipelaying work.

In 2019, Saudi Aramco produced 13.2 mmboed, including 9.9 mmbpd of crude oil (including blended condensate and excluding the Kingdom of Bahrain’s share of volumes produced from Abu Sa’fah field).

Shell and Eneco are participating in the tender for Hollandse Kust (noord) through their joint venture CrossWind.