Aramco had been looking to restructure the deal after SABIC’s market value fell more than 40% due to an oil price slump.

BP actions will lead to non-cash impairment charges and write-offs in the second quarter, estimated to be in an aggregate range of $13 billion to $17.5 billion post-tax.

The government of South Africa has approved the merger of three oil and gas subsidiaries of the state-owned Central Energy Fund (CEF) into a National Oil Company.

Российской Федерации потребуется ускоренный переход (модернизационный рывок) к более эффективной, гибкой и устойчивой энергетике,

“[Fossil] energy loans at the country’s six largest lenders jumped 23% to C$71.6 billion in their fiscal second quarter from the prior period,” Bloomberg reports, citing the banks’ financial disclosures. “Toronto-Dominion Bank had the largest increase at 29%, while Bank of Nova Scotia remained the biggest lender, with $21.6 billion in loans.”

U.S. Rig Count is down 5 rigs from last week to 279, Canada Rig Count is unchanged from last week at 21

monthly Brent prices will average $37/b during the second half of 2020 and rise to an average of $48/b in 2021.

Gazprom and RusGazDobycha are implementing the project for a natural gas processing and liquefaction complex near the settlement of Ust-Luga,

The floating LNG storage and transshipment units will serve Novatek’s projects under development in Murmansk and Kamchatka

BP will begin a process of cutting 10,000 jobs following the end of a three-month redundancy freeze that started in March.

Global LNG trade in 2019 amounted to 354.73 million mt, which was an increase of 13% from 2018 and the sixth year of consecutive growth,

Ожидаемый объем недополученных нефтегазовых доходов федерального бюджета прогнозируется в июне 2020 года в размере - 145,5 млрд руб.

The spread of the Covid-19 pandemic has upended these expectations, and 2020 is now set to see the largest decline in energy investment on record, a reduction of one-fifth – or almost USD 400 billion – in capital spending compared with 2019.

In the first quarter of 2020, LUKOIL booked a loss attributable to shareholders in the amount of RUB 46.0 bln.

The worldwide rig count for May 2020 was 1,176, down 338 from the 1,514 counted in April 2020