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Occidental to Cut Debt Before Boosting Oil Production, CEO Vicki Hollub Says

2020-08-11 20:35:00| OGI

Occidental is restarting some activity in the Permian Basin and Gulf of Mexico, but its focus is to "ensure that we have the liquidity to go forward so we have the ability to meet our maturities," CEO Vicki Hollub says.

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US Oil Production Drop in 2020 to Be Steeper Than Last Forecast

2020-08-11 19:30:00| OGI

The EIA said U.S. oil production curtailments were more extensive than estimated for its previous month's report, leading to the revision this month.

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Azerbaijan Expects to Start Oil, Gas Production at Karabakh Field by Year-end 2022

2020-08-11 18:39:16| OGI

The Azeri state energy company SOCAR has been developing the Karabakh Field in a joint venture with Norways Equinor since May 2018.

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Oil Giants Cut Production, Post Massive Writedowns

2020-08-10 15:07:18| OGI

The worlds five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter and slashed production rates.

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EIA: US Records in May Biggest Oil Production Drop Since 1980

2020-08-04 20:24:27| OGI

Oil production dropped by 1.99 million barrels per day, or 16.6%, in May compared to April, EIA data show.

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