Baker Hughes Company Announces First Quarter 2020 Results

39,008 GWh - total electricity generation by RusHydro Group including Boguchanskaya hydropower plant in 1Q 2020 (+19.2%)

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

Saudi Aramco will cut oil supplies in May by almost 4 million b/d,

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.

Shell's ambition to be net zero on all the emissions from the manufacture of all our products (scope one and two) by 2050 at the latest;

France's Framatome has signed a long-term service contract with the Taishan Nuclear Power Joint Venture Company Limited (TNPJVC) to support operations of units 1 and 2 at the Taishan nuclear power plant in China's Guangdong province. The 1750-megawatt EPRs entered commercial operation in December 2018 and September 2019, respectively.

ADNOC has terminated $1.65 billion worth of contracts

This is Saudi Arabia's second consecutive monthly price cut after it slashed crude prices by $5-$8/b for April loading crude last month.

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

The North American unit of French energy group Engie SA (EPA:ENGI) has secured up to USD 1.6 billion (EUR 1.46bn) in tax equity financing for its 2-GW portfolio of renewables assets in the US.

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

EDF would lower its 2020 nuclear power production target of 375-390 TWh, but did not say by how much.