Tag Archives: Britain

Oil Industry Hit Hard by New Travel Restrictions

A slump in Europe’s travel industry could have a knock-on effect for oil and gas as lockdowns spread across Europe once again. European airline shares plunged this week as Germany, France and Italy all announced new lockdown measures to be introduced over and beyond the Easter period. Vacation travel is …

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Qatar’s Gas Supplies to UK Break Records

Qatar’s gas supplies to the UK have reached their highest rate with 42.7 million cubic metres being provided per day over the last three weeks, the Gulf states’ Al-Sharq newspaper reported yesterday. The paper reported that six of the largest tankers had arrived in the station of South Hook Gas …

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Shell Lowers 2020 Capex

British oil major Shell joined other companies in the sector in lowering capital expenditure for the current year by about $5 billion and suspended the next tranche of its share buyback plan to weather a hit from the recent oil price crash. The company said it would reduce 2020 cash …

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