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.

Crude oil production from the major US onshore regions is forecast to decrease 197,000 b/d month-over-month in May from 8,019 to 7,822 thousand barrels/day, gas production to decrease 779 million cubic feet/day from 82,249 to 81,470 million cubic feet/day .

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

U.S. dry natural gas production set a record in 2019, averaging 92.2 Bcf/d. EIA forecasts dry natural gas production will average 89.8 Bcf/d in 2020, with monthly production falling from an estimated 93.1 Bcf/d in April to 85.4 Bcf/d in December.

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

U.S. Rig Count is down 35 rigs from last week to 339, Canada Rig Count is down 3 rigs from last week to 23

"С учетом драматического состояния в целом глобального нефтяного рынка и в связи с принятыми решениями о сокращении добычи нам придется, конечно, часть капитальных затрат оптимизировать. Мы постараемся сохранить нашу инвестпрограмму на уровне 750 миллиардов примерно",- отметил Сечин. Оптимизация необходима для того, чтобы сохранить финансово-экономическую стабильность для компании, сказал он.

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.

Brent crude oil prices will average $34/b in 2020, Brent prices will rise to an average of $48/b in 2021

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.

Ожидаемый объем недополученных нефтегазовых доходов федерального бюджета, связанный с превышением базовой цены на нефть над фактически сложившейся ценой, прогнозируется в мае 2020 года в размере - 190,1 млрд руб.

India has been the world’s fourth-largest importer of liquefied natural gas (LNG) since 2011