One of the world's largest oil companies, Royal Dutch Shell, is taking a beating under what CEO Ben van Beurden calls "extremely challenging circumstances". The group now makes a historic cut into its dividend.
Odfjell Drilling beat tough market conditions in offshore to deliver significant growth in earnings in 2020, but the company fears that future financing opportunities are impacted by sliding values and overcapacity.
Denmark's new North Sea energy policy has instilled Wintershall Dea with doubts about its future in the country. The German oil and gas group is currently working to find a solution, says COO Dawn Summers in an interview with EnergyWatch.