ENERGY TRANSITION

Matrix expects financial hit from oil crash

AUSTRALIAN oil and gas contractor Matrix Composites & Engineering said on Friday afternoon it was expecting to take a financial hit to earnings this year due to the combined impact of the COVID-19 pandemic and the oil price crash.

Matrix expects financial hit from oil crash

The ASX-listed engineering and technology firm told the market on Friday a "weak oil price environment driven by a supply glut and weak demand" had resulted in multiple delays and deferrals of projects...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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