Page 1 - Euroil Week 12 2020
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Issue 534 26•March•2020 Week 12
Tough times ahead
Equinor, Shell and Total have joined other European oil firms in announcing steep cuts to spending in order to prepare themselves for the downturn.
COVID-19 strikes gas demand
European gas demand will be largely flat in 2020 as a result of the COVID-19 crisis, and low prices will persist for years.
Unchartered waters
The North Sea is entering unchartered waters, as low oil prices sap investment in future production.
Bid collection
Greece has collected nine non-binding bids for its main gas supplier DEPA Commercial.
