Like many global oil majors ExxonMobil is under considerable pressure because of the significant fallout from the COVID-19 pandemic, sharply weaker oil prices and the threat of peak oil demand. There are growing fears that […]
Oil & Gas Mid East lobal demand for helicopter transport to offshore facilities plunged in 2020 as a result of the Covid-19 pandemic, a Rystad Energy report shows. Helicopter traffic was affected as non-critical maintenance […]
Nasdaq Energy News Beat Publishers Note: Its better to have leases than not …. W&T Offshore, Inc. WTI claimed to be the apparent high bidder on two blocks in the U.S. Gulf of Mexico lease sale 256. […]
In August 2020, the Federal Offshore Gulf of Mexico (GOM) saw its largest monthly decrease in production of crude oil since September 2008, dropping by 453,000 barrels per day (b/d), or 27%. Production of crude […]
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