Equinor halts US shale to rein in spending, as Eni cuts 2020-21 capex budgets

摘要

European oil and gas majors Equinor and Eni have outlined significant cuts to 2020 capital expenditure to shore up respective balance sheets during the coronavirus-induced oil price crash, having both recently suspended share buybacks. The Italian company is also cutting into its 2021 budget, highlighting that the economic fallout from the pandemic will reach far beyond short-term horizons.