Project Report Bp Energy Outlook - talk, what
Don't miss out on the latest technology delivered to your email every week. Sign up for our newsletter. JPT Home. About JPT. Invalid Credentials. Sign In. Sign Up. Forgot Password? Sign Out. Project Report Bp Energy OutlookOver the last two months the oil price has more than halved, and seen many oil and gas operators cancel or delay project expenditure, which has resulted in work for contractors quickly drying up.
Link the last month alone, Subsea 7 warned it would face "significant headwinds" and withdrew its guidance for the year, seismic surveyor Polarcus has had companies drop contracts in the Asia Pacific region, and Maersk Drilling received notices of contract terminations for its rigs. Small and large, contractors and service providers throughout the industry have withdrawn guidance, cut capex and opex, and in many cases been Enegy to lay off workers.
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BHP president of petroleum operations Geraldine Slattery acknowledged the combined war on two fronts resulting from the low oil price and travel restrictions due to the coronavirus pandemic. Communities across the country rely on the critical energy resources we produce and we rely on our suppliers to continue delivering this resource," Slattery said. NZ opposition hit the roof as Beach exits. New Zealand launches inquiry into gas security. Woodside may lose high credit rating. Oil Search's Pikka ramping but will stay tough.
BHP gets go-ahead for Pyrenees drilling. BP gets exploration reprieve in WA deep water.
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WA oil and gas explorers get some reprieve. BHP takes a bullish approach to Trion and Ruby. BP profit sinks for year but rises in Q4. Govt pipeline plans set to burst: report.
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BHP Petroleum contractors to get reprieve. MINING and oil and gas giant BHP will offer immediately pay to all outstanding invoices and move to a seven-day payment term Endrgy the next six months, Project Report Bp Energy Outlook support contractors and suppliers facing financial strain from the COVID crisis and sunken oil price. Viva profits smashed in first half Pandemic pain costs refining giant profits Investment 17 AUG How will the upstream industry deal with the carnage of ? Subscribe today for full access to all Energy News Bulletin Reports.]
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