Petrobras has announced a range of measures to preserve the health of its employees and to support the prevention of coronavirus in its operational and administrative areas.

Chevron Corporation has announced several steps it is taking in response to market conditions.

“The outbreak of the Corona virus and the sharp drop in oil prices are impacting industries and companies around the world and is expected to impact Equinor for a long time.

Oil prices could fall into the low $20s for the global market to rebalance, as Rystad Energy expects an increase in global supplies in the next three months. OPEC+ countries are locked and loaded to add between 1.5 million and 2.5 million barrels per day (bpd), which we estimate is their realistic short-term capability.

With only a week to go before OPEC+ countries start flooding the world’s total oil production with an estimated extra 2.5 million barrels per day (bpd) amid the Covid-19 crisis, building one of the biggest oil supply gluts the world has ever seen, UK operator INEOS has decided to postpone its scheduled maintenance for the North Sea Forties pipeline system (FPS) in a move that Rystad Energy calculates will add several hundred thousands of extra barrels to the market every day.

Aker BP is updating its investment program and financial framework in order to secure additional financial optionality in response to the high uncertainty caused by the COVID-19 crisis. 

The extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), Rystad Energy estimates.

A significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deep water, up from the previous quarter, according to leading data and analytics company, GlobalData.

Equinor (OSE:EQNR, NYSE:EQNR) presents updated outlook for 2020 and an around USD 3 billion action plan to strengthen the financial resilience in a market impacted by the COVID-19 and low commodity prices.

Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) announces updated full year 2020 financial guidance, inclusive of $170.0 million of reductions in capital, operating and G&A expenses.

ExxonMobil is looking to significantly reduce spending as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases, the company said on Tuesday, March 17.

In light of the dramatic fall in commodity prices, Marathon Oil (NYSE: MRO) has announced an immediate capital spending reduction of at least $500 million relative to its previously communicated 2020 capital spending budget of $2.4 billion. The revised capital spending budget of $1.9 billion or less represents an approximate 30% reduction in comparison to actual 2019 capital spending.

The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project development plans for this year.

As the COVID-19 virus spreads across the world - seriously impacting people’s health, the way of life and global markets - Shell is putting the safety and health of its people and customers first, along with the safe operations of all their businesses.

McDermott International, Inc. has announced that the U.S. Bankruptcy Court for the Southern District of Texas (the "Court") has confirmed the Company's Plan of Reorganization (the "Plan") and approved the sale of Lummus Technology to a joint partnership between The Chatterjee Group and Rhône Capital (the "Joint Partnership"). 

Talos Energy Inc. ("Talos," or the "Company") (NYSE: TALO) has announced its financial and operational results for the fourth quarter of 2019 and provided an operations update.