The recent rebound in domestic oil and gas consumption may be difficult to sustain over the rest of the year, as recent data for the China's economy suggests an uneven and difficult road to recovery that could weigh on energy demand.

U.S. Rig Count is down 17 rigs from last week to 301, Canada Rig Count is down 1 rig from last week to 20

China energy intensity, which measures the amount of energy needed to generate one unit of GDP, decreased by 2.6% in 2019,

Chevron’s cuts equate to about 6,000 of its 45,000 non-gas station employees. It’s “streamlining our organizational structures to reflect the efficiencies and match projected activity levels,” the San Ramon, California-based company said Wednesday in a statement. “This is a difficult decision, and we do not make it lightly.”

Petronas plans to reduce its capital expenditures by 21% and its operating costs by 12% in 2020

Petronas Profit After Tax (PAT) for the quarter stood at RM4.5 billion, 68 per cent lower than the RM14.2 billion posted in the corresponding quarter in the previous year,

Santos today is pleased to announce it has completed the acquisition of ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced purchase price of US$1.265 billion plus an increased contingent payment of US$200 million subject to a final investment decision (FID) on Barossa.

Chevron Corporation (NYSE: CVX) reported earnings of $3.6 billion ($1.93 per share - diluted) for first quarter 2020,

TC Energy Corporation has completed the sale of a 65 per cent equity interest in the Coastal GasLink Pipeline Project

Oil markets are being significantly disrupted due to global market dynamics and the coronavirus pandemic, the oil price crash was "causing financial and credit challenges, including oil company bankruptcies."

U.S. Rig Count is down 21 rigs from last week to 318, Canada Rig Count is down 2 rigs from last week to 21

The return on equity for energy companies and U.S. manufacturing decreased to 6% and 13%, respectively, in 2019

Producers were operating the fewest oil and natural gas drilling rigs on record in the United States at 339 on May 12, the lowest level in the Baker Hughes Company’s rig count data series that dates back to 1987.

Norway's preliminary production figures for April 2020 show an average daily production of 2 117 000 barrels of oil, NGL and condensate,

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.