COVID-19

US oil and gas job losses due to pandemic-related demand destruction amount to 84,000—that’s 105,000 jobs year to date.

Sandvik and Van Oord’s announcements come a week after oil major BP said it’s slashing 10,000 jobs.

Indonesia is home to numerous oil and gas fields, and upstream oil and gas activities are integral to the country's economic growth. Here are the key regulatory changes in response to the COVID-19 pandemic affecting Indonesia's oil and gas sector.

Write-offs include billions for early-exploration-stage projects that the company will now cut.

The COVID-19 disaster and a catastrophic fall in oil prices could leave the state on the hook for billions in environmental cleanup costs if oil and gas companies go bankrupt during the health crisis, New Mexico's top land official says.

The supermajor will cut 10,000 jobs by year end.

It goes by many names: remote work, telework, and work from home being some of the most common. Once the purview of Silicon Valley and the tech world, it has suddenly become the new way of working for millions of office workers across the globe.

Construction on Mozambique LNG stopped in April due to COVID-19, but Total continues work on the project even amid a $12 Billion shortfall. Financing for the Mozambique LNG project follows engineering contracts awarded by Total in the past few months.

Gasoline and diesel demand are set to increase YoY beginning in Q3 2020.

While a year with less than 200 subsea tree awards seems uncommon, a year with less than 100 awards is an even rarer sight. It has only happened once before since the turn of the century, in 2016 following the oil price crash of 2014–2016.