Hopes over the lifting of restrictions buoyed up market sentiment even as the pandemic took a further grim toll on jobs.

On the same day OPEC-style oil quotas in Texas were pronounced dead on arrival, shale drillers disclosed more supply cuts in response to the crude market collapse.

Exxon posted its first quarterly loss in more than 30 years. But even as debt mounts and questions arise about peak oil demand, the oil supermajor nevertheless vowed to protect its dividend while also aiming to grow indefinitely into the future.

Royal Dutch Shell plc, through its affiliate SWEPI LP (“Shell”), has reached an agreement with publicly listed U.S. energy company National Fuel Gas Company (NFG), and its subsidiaries, Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, and NFG Midstream Covington, LLC (together “National Fuel”), to sell its Appalachia shale gas position for $541 million, subject to closing adjustments. The transaction has an effective date of January 1, 2020.

Total SA set out bolder commitments to eliminate most of its carbon emissions by 2050, while curbing spending on oil and gas projects due to the crude-price slump.

NHV Group today announced a new long-term contract with Spirit Energy to provide passenger transfer services in support of their East Irish Sea operations

Despite the current crisis in the oil and gas sector occasioned by a slide in crude oil prices, industry experts and policy analysts foresee that there will be stabalisation of crude oil prices

Awilco Drilling has said that it has reached a deal with Petrofac to delay the start of the plug and abandonment works with Awilco's WilPhoenix offshore rig.

The Russian gas export monopoly Gazprom has hit the wall with new European projects – Nord Stream 2 will be finished at some point in the second half of 2021, the exact route of TurkStream’s second line remains veiled in ambiguity and no other major gas importer voiced their interest in carrying out a new project.

Offshore drilling company Transocean reported a net loss for the first quarter of $392 million, or $0.34 per diluted share.