OPEC Monthly Oil Market Report, June 2020
Oil Market Highlights Crude Oil Price Movements Spot crude oil prices continued rising in June for the second consecutive month, given the continued improvement in physical crude market fundamentals and gradual reductions in global supply overhang. The OPEC Reference Basket (ORB) value rose by $11.88, m-o-m, to $37.05/b, up by …
Exillon Energy plc: Update on Delisting from the London Stock Exchange
Exillon Energy plc announces today an update on its plans to cancel the listing of its ordinary shares (the “Shares”) on the premium segment of the Official List of the Financial Conduct Authority and of trading on the Main Market of the London Stock Exchange plc (the “LSE”) (the “Delisting”). …
Eni Remains Committed to its Decarbonization Strategy, Revises Long-Term Prices Assumptions, Having Assessed the Disruptions in the Trading Environment Due to COVID-19
Strategy and implementation actions to reduce the Company’s carbon footprint confirmed, and possibly speeded up; Long-term prices assumptions for Brent crude oil set at $60 /barrel (from 2023 onwards, in real terms), compared to $70/barrel previously Claudio Descalzi, Eni’s CEO, commented: “We confirm our strategy to become a leader in …
Forum Energy Technologies, Inc. Provides Market Update
Forum Energy Technologies, Inc. today provided the following update on the status of its business: During the first half of 2020, the COVID-19 pandemic and associated actions taken around the world to mitigate the spread of Coronavirus caused a significant decline in economic activity and oil demand. At the same …
Parker Drilling Makes Announcement Regarding Cash Payment Process for Reverse Stock Split in Light of COVID-19
As previously announced, on March 19, 2020, Parker Drilling Company (the “Company”) filed with the State of Delaware amendments (the “Charter Amendments”) to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effectuate a 1-for-50 reverse stock split (the “Reverse Stock …
Rosneft Introduces an Inclusive Approach to Combat Coronavirus Infection
Rosneft is taking all necessary measures to prevent the occurrence of coronavirus infection at its administrative and production facilities, providing support to doctors and medical institutions. To combat coronavirus, the Company uses an inclusive approach that takes into account the best Russian and international practices of countering COVID-19, including those recommended …
Market Rebalancing, Full Commitment to Conformity Remains the Focus – JMMC
The 19th Joint Ministerial Monitoring Committee (JMMC) was held via videoconference, on Thursday, 18 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Committee reviewed the monthly report prepared by the Joint Technical Committee(JTC) and recent …
bp Statistical Review of World Energy 2020: a Pivotal Moment
This year’s edition – which collects and analyses energy data for 2019 – highlights the global energy trends emerging prior to the current Covid-19 pandemic. While some aspects – such as the continuing strong growth in renewables – offer encouragement that the world is moving onto a more sustainable path, …
Progressing Strategy Development, BP Revises Long-Term Price Assumptions, Reviews Intangible Assets and, as a Result, Expects Non-Cash Impairments and Write-Offs
In mid-February, BP p.l.c. (bp) laid out a new purpose – to reimagine energy for people and our planet – and its ambition to become a net zero company by 2050 or sooner and to help the world get to net zero. Since then, bp has focused its work in …
RDCR 2020: Date Announcement Coming Soon!
The organising committee would like to update you all on progress for the final date announcement for RDCR 2020. Moscow, as with many cities around the world, is currently phasing out of the COVID 19 lockdown measures put in place to slow the transmission of the virus. Early indications are …