COVID-19 Fuels Fire Sale Of Oil & Gas Assets

Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.  While some of these planned divestments were announced before the Covid-19-related oil price crash, more were added in reaction to the pandemic and its aftermath. Our estimates look at divestment opportunities that exclude unconventional and US onshore assets, announced since the fourth quarter of 2019. The majority of resources on…

Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.  While some of these planned divestments were announced before the Covid-19-related oil price crash, more were added in reaction to the pandemic and its aftermath. Our estimates look at divestment opportunities that exclude unconventional and US onshore assets, announced since the fourth quarter of 2019. The majority of resources on…