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US Crude Oil Production Drops in Largest Weekly Fall Ever: EIA

2021-02-24 20:05:00| OGI

Overall U.S. crude oil output fell by 1.1 million bbl/d to 9.7 million bbl/d in the week to Feb. 19, the EIA said, as Texas deep freeze forced most of the states operators and refiners to shut as components and pipelines froze.

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ConocoPhillips Says Oil Production Hit by Cold Snap

2021-02-18 11:45:00| OGI

ConocoPhillips did not quantify the amount of production that was offline.

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Saudi Arabia Set to Raise Oil Output, Reversing Recent Production Cut: Reports

2021-02-17 23:25:00| OGI

Saudi Arabia is expected to announce its plans when a coalition of oil producers meets next month, according to a WSJ report on Feb. 17, adding that the output rise wont kick in until April. 

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US Shale Could Face Weeks of Depressed Oil Production Due to Cold

2021-02-17 10:55:00| OGI

Roughly 500,000 to 1.2 million bbl/d of crude production in Texas has been shut-in by the weather, which hit the state with the coldest temperatures in 30 years, Rystad Energy says.

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Lessons from COVID-19: Prioritizing Oil Production Performance

2021-02-11 00:00:00| OGI

Here are ways for oil and gas operators to recover from an unprecedented and major industry downturn by building a more efficient and sustainable production model, according to FourPhases COO and CTO.

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