• Guyana, Latin America oil earnings will take a hit too
The international oil and gas industry, the life-blood of business and commerce globally has bowed to the impact of the dreaded Coronavirus by announcing earlier this week that it was calling off a number of its key networking events, including its various technical and academic meetings and resorting instead to virtual conferences, a decision which a Reuters report which appeared earlier this week said was taken in response to mounting concern about the virus and what the report said was now its “fast-growing toll”.
Listed among the key energy-related meetings that will now have to be set aside are a major energy conference planned by investment firm Scotia Howard Weil in New Orleans in late March which the report says may now go “virtual with speakers being required to make their presentations via webcast. Key players in the global oil and gas industry including the US firms Schlumberger and Occidental Petroleum Corporation were scheduled to participate in the conference which the Reuters report said offered a forum at which energy companies could discuss their respective financial performances for the first quarter of 2020 and their overall outlook.
