Energy demand at one point was down by more than 30% globally.
The poor earnings results recorded by the two oil juggernauts saw their stock prices tank to record lows.
Economies are opening up, however, the recovery is gradual and will take some time for oil prices to hit pre-COVID-19 levels.
Oil and gas companies around the world are set to slash spending, as oil prices continue to plunge because of the price war and the COVID-19...
Royal Dutch Shell Plc and Exxon Mobile Corp. have instituted legal actions against the NNPC in the United States of America.
Total Group is looking for buyers for one of its major oil blocks in Nigeria.
Chevron is reportedly planning to sell various of its Nigerian oilfields to focus on U.S shale oil production.
Exxon Mobil Corporation and Royal Dutch Shell Plc have lost bids to revive a $1.8 billion arbitration award against Nigeria.
The Nigeria Content Development and Monitoring Board has been dragged to court by Pioneer Divers International Limited for breaching local content law.
Dr. Ibe Kachikwu, has reportedly disclosed that no International Oil Company (ICO) is planning to exit Nigeria.