Daily Oil & Gas and Wall Street Journal News
3/30/20 Centennial CEO Accelerates Retirement Posted on Monday March 30, 2020
Mark G. Papa has accelerated his retirement as Centennial's CEO and chairman.
Covid-19 Delays Cambo Project Posted on Monday March 30, 2020
Siccar Point and its joint venture partner, Shell UK, have announced the deferral of the planned sanction date for the Cambo project to 2021.
Giant Oil Field Boost Is Bad for Market Posted on Monday March 30, 2020
A torrent of oil from the giant Johan Sverdrup field may not be what the market needs right now.
US Energy Dominance Under Threat Posted on Monday March 30, 2020
The United States' energy dominance is now under direct threat, according to six U.S. senators.
Oil Down as Broken Market Drowns in Crude Posted on Monday March 30, 2020
Oil slumped to a 17-year low as coronavirus lockdowns cascaded through the world's largest economies.
What to Watch in the Oil Market This Week Posted on Monday March 30, 2020
Rigzone panelists share what they will be looking for this week â€“ and beyond.
Cairn Defers Capital Plans for Exploration, Appraisal Activity Posted on Monday March 30, 2020
Reductions and deferrals have already been identified, representing a 23% decrease in capital expenditures.
FERC Approves Enable Midstream's Rate Case Settlements Posted on Monday March 30, 2020
Enable now expects 2020 MRT revenues of about $87 million, an increase of $7 million compared to 2018 levels.
Oil Drops Fifth Straight Week Posted on Friday March 27, 2020
Oil dipped amid a one-two punch from collapsing demand due to the coronavirus crisis and ballooning supply.
Basic Energy Adjusting Headcount, Closing Select Locations Posted on Monday March 30, 2020
In addition to reducing spend it will lower annual run-rate costs by $20 million.
Wall Street Journal
WSJ.com: US Business
Trash Industry Prepares for Potential Deluge of Coronavirus Waste As coronavirus spreads across the U.S., the trash industry is girding for a potential rise in infectious waste while grappling with concerns about workers? exposure to the pathogen. Facebook Pledges $100 Million for News Outlets Hit by Coronavirus Outbreak The tech giant is pledging $100 million in grant money and promised ad spending to help struggling news outlets weather the financial blow of the coronavirus outbreak. Gasoline Is Cheap, but With Coronavirus, Nobody's Buying In the U.S., gasoline has actually been worth less than crude in recent days. The pressure on profits increases the likelihood that refineries will need to shutter in coming weeks to balance supply and demand. Coronavirus, Cash Crunch Send Shock Wave Through China's EV Startups China?s army of electric-vehicle startups were once positioned to put China at the head of the global EV revolution, but the coronavirus and struggles before the pandemic threaten ruin for dozens of them. America's Make-or-Break Week Rent, utilities, credit card payments, payroll: The bills are now coming due for big companies, small businesses and millions of laid-off workers. How Americans navigate the next few days will shape how the coronavirus pandemic impacts the economy. A Global Conundrum: How to Pause the Economy and Avoid Ruin Never before have governments tried to put swaths of national economies in an induced coma and awaken them gradually. If it works, it will be a testament to the flexibility of modern capitalism. More likely, much will go wrong. Hidden Chinese Lending Puts Emerging-Market Economies at Risk More than $200 billion in Chinese overseas lending hasn?t shown up in official data in recent years, allowing emerging markets indebted to China to also borrow from other investors. Now borrowers are at risk of drowning in debt and investors face the reality that China may be ahead of them in collecting.