LATEST HEADLINES

• ExxonMobil Reduces 2020 Capex By 30%, Cash Opex By 15%; Maintains Long-Term Outlook

  ExxonMobil said today it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.

• Total Keeps The Pace Of Divestments With Asset Sales In Brunei, Sierra Leone And Liberia

  In line with its strategy of actively managing its asset portfolio and its objective to divest 5 B$ on years 2019-2020, Total is pursuing the divestments of several non-core assets in both Exploration-Production (Brunei) and Marketing & Services (Sierra Leone and Liberia).

• API Joins White House Meeting On State Of The Energy Industry

  American Petroleum Institute President and CEO Mike Sommers issued the following statement regarding today's meeting between President Trump, administration officials and executives representing U.S. natural gas and oil companies. Sommers attended the meeting with API member companies.

• TDI-Brooks Completes MSGBC Field Data Acquisition For TGS And Commences Another Offshore Nigeria

  TDI-Brooks International, Inc (under contract to TGS), has completed the offshore “seep-hunting” surface geochemical analysis and geotechnical campaign of the MSGBC Basin, from Northern Senegal through The Gambia and AGC zone, into Guinea-Bissau down to the Guinea transform fault.

• ExxonMobil Joins Global Center To Expedite Medical Innovation For Personal Protective Equipment

  ExxonMobil and the Global Center for Medical Innovation (GCMI) said today that they have initiated multi-sector and joint development projects to rapidly redesign and manufacture reusable personal protection equipment for health care workers, such as face shields and masks, which are in short supply as a result of the COVID-19 pandemic.