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The Effects of a 2nd Covid Wave on Oil

The Effects of a 2nd Covid Wave on Oil
Tuesday July 07, 2020 - Oil demand in 2020 could lose an additional 2.5 million barrels per day in a second Covid-19 wave scenario.
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Industry Headlines

Oil Prices Edge Downward Share your comments
Tuesday, July 07, 2020Crude futures in New York were unable rise above $41.

One-Time Heart of Shale May Never Boom Again Share your comments
Tuesday, July 07, 2020These days, the Bakken is looking like anything but a boom.

Eni Says Pandemic is Reshaping Oil Industry Share your comments
Tuesday, July 07, 2020Eni became the latest oil company to cut its long-term price assumptions.

Oil Down as US Gasoline Stockpiles Seen Expanding Share your comments
Tuesday, July 07, 2020Oil dropped before U.S. government data that's forecast to show gasoline stockpiles increased, while rising virus infections raised concern stricter controls will be extended.

The Effects of a 2nd Covid Wave on Oil Share your comments
Tuesday, July 07, 2020Oil demand in 2020 could lose an additional 2.5 million barrels per day in a second Covid-19 wave scenario.

Saudis Raise Oil Pricing to US and Asia Share your comments
Monday, July 06, 2020Saudi Arabia raised pricing for August oil shipments to the U.S. and Asia.

Oil Group Responds to New Texas Covid Rules Share your comments
Monday, July 06, 2020Texas Oil and Gas Association President Todd Staples has supported Texas Governor Greg Abbott's latest Covid-19 rules.


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Most Popular Articles

Exploration

Who is the Most Admired Upstream Explorer? Share your comments
Tuesday, July 07, 2020The answer to that question is French oil and gas major Total, according to Wood Mackenzie.

Neptune Makes North Sea Discovery Share your comments
Monday, July 06, 2020Neptune Energy has announced the discovery of hydrocarbons at the Dugong well.

Baker Hughes Rig Count Shows US Decrease Share your comments
Friday, July 03, 2020Baker Hughes Co. reported Thursday that the U.S. rotary rig count decreased by two drilling units this week.

Total Sends Odfjell Rig to South Africa Share your comments
Friday, July 03, 2020Total SA has deployed a rig to South Africa to look for more oil near a massive discovery. PHOTO SOURCE: Odfjell Drilling Ltd.

1H Discoveries at Lowest Point in 21st Century Share your comments
Friday, July 03, 2020Global discoveries of conventional resource volumes dwindled in the first half of this year.

180-day Eni Contract Goes to Vantage Share your comments
Thursday, July 02, 2020Eni Montenegro BV is contracting the Topaz Driller premium jack-up rig from Vantage Drilling International offshore Montenegro for 180 days.


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Production

Atlantic Hurricane Forecast Gets Update Share your comments
Tuesday, July 07, 2020Colorado State University has raised its annual forecast to call for 20 named storms, up from its outlook issued in June calling for 19.

Oil Price War Could Be on the Horizon Share your comments
Friday, July 03, 2020Rigzone panelists offer their insights on the top oil market hits and misses for the week ending July 3, 2020.

North Sea Platform Contract Goes to Kvaerner Share your comments
Wednesday, July 01, 2020Kvaerner will dismantle and recycle structures from the Valhall and Hod fields in the Norwegian North Sea. PHOTO SOURCE: Kvaerner

Offshore Norway Project to Use Pioneering Tech Share your comments
Wednesday, July 01, 2020Aker BP awarded Subsea 7 a contract for the Hod Field Development Project in the North Sea. IMAGE SOURCE: Subsea 7

Venezuela Crude Production Falls for 6th Month Share your comments
Wednesday, July 01, 2020Crude production in Venezuela tumbled for a sixth straight month in June.

Work Started on Gazprom Ice Resistant Platform Share your comments
Wednesday, July 01, 2020The construction of an ice resistant platform for Gazprom's Kamennomysskoye-Sea field on the Arctic shelf has begun.


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Finance and Investing

FAR in Default on Senegal Project Share your comments
Thursday, June 25, 2020On top of the default announcement, FAR also revealed more job losses and executive pay cuts.

Hamm Adds $57MM of Faith In Continental Share your comments
Thursday, June 25, 2020Billionaire wildcatter Harold Hamm bought more shares in the shale drilling company he controls as oil prices recover from their historic plunge.

Primeline Energy Insolvent Due to CNOOC Debt
Tuesday, June 23, 2020Its arbitration claims for breaches of contract and damages were dismissed.

Extraction Oil & Gas Files Bankruptcy Share your comments
Monday, June 15, 2020It's the latest producer to succumb to the energy industry's slump.

Extraction Gives Execs Bonuses Ahead of Possible Default Share your comments
Friday, June 12, 2020The company didn't make an interest payment on its bonds last month.

Vista Proppants and Logistics Files for Chapter 11 Share your comments
Thursday, June 11, 2020It has secured an $11MM credit facility to cover costs and operations during the restructuring.


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Company Operations

Pemex Seeks IOUs from Contractors Share your comments
Tuesday, July 07, 2020Pemex's nearly $105 billion in debt already makes it the biggest borrower of any oil company.

Hurricane Energy COO Passes Away Share your comments
Tuesday, July 07, 2020Hurricane Energy has revealed that its chief operations officer and executive director has passed away.

$40 Could Be Magic Number for Some Oil Players Share your comments
Monday, July 06, 2020Here is a preview of issues to watch this week in the oil and gas markets.

Saipem Bags $325MM Petrobras Contract Share your comments
Monday, July 06, 2020Saipem revealed on Monday that it has been awarded a contract by Petrobras worth approximately $325 million.

COSL CEO Resigns Share your comments
Friday, July 03, 2020China Oilfield Services Limited has revealed that its chief executive officer and president has resigned.

Subsea 7 Nets Sizeable GOM Contract Share your comments
Friday, July 03, 2020Subsea 7 has been awarded a 'sizeable' contract for work in the Gulf of Mexico.


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