Oil & Gas Global Sector Report - The impact of COVID-19 on the Oil & Gas Prices and Capital Spending

03 April 2020

The impact of COVID-19 on the Oil & Gas Prices and Capital Spending

Key takeaways

  Rovuma LNG project on hold due to coronavirus and gas slump

§  Oil majors continue to achieve softer earnings due to crude and natural gas price environment

§  OFS and Oil & Gas EPC companies’ 2019 earnings hit by impairments

§  Coronavirus outbreak continues to weaken crude oil and natural gas prices

§  Oil companies revise their capital budgets and dividend payments downwards on the back of crude oil price crash

§  Impact of Coronavirus on Mozambique Projects

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