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How the Oil Sector Can Truly Embrace Innovative Technology

2020-05-29 22:00:00| OGI

Today, millions of employees are adjusting to remote work because of the coronavirus pandemic, which should ensure growing momentum in the oil and gas industry toward embracing new tech.

Tags: technology oil sector innovative

Category:Industrial Goods and Services

Occidental Petroleum Cuts Dividend Again, Now to 1 Cent

2020-05-29 20:59:10| OGI

The companys shares were down 5% after the news and have lost nearly 70% of their value this year.

Tags: to cent cuts petroleum

Category:Industrial Goods and Services

US, Canadian Rig Counts Fall to Record Low

2020-05-29 19:19:56| OGI

The U.S. oil and gas rig count, an early indicator of future output, fell by 17 to an all-time low of 301 in the week to May 29, according to data from energy services firm Baker Hughes Co. going back to 1940.

Tags: low record fall canadian

Category:Industrial Goods and Services

Best of This Weeks Drilling Activity Highlights (May 29, 2020)

2020-05-29 19:00:00| OGI

Exxon Mobils latest find offshore Guyana and three extended-reach, horizontal producers completed by Gulfport Energy from a Grady County pad in Oklahoma top this weeks drilling activity highlights from around the world.

Tags: weeks activity highlights drilling

Category:Industrial Goods and Services

Aker BP Contracts Optimes New Remote Tubing Hanger Technology

2020-05-29 18:35:24| OGI

Aker BP will be the first user of the new technology Optime Subsea has developed that removes umbilical controlled tubing hanger operations, the company said on May 29.

Tags: technology remote contracts tubing

Category:Industrial Goods and Services

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