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Norway Strike Could Cut Oil, Gas Output Next Week
2020-10-08 15:19:27| OGI
Norways government, which can intervene if a strike is considered a national emergency, said it was up to the two sides to resolve their differences.
Oil Giant Exxon Mobil to Cut 1,600 Jobs Across Europe
2020-10-05 20:10:00| OGI
Exxon Mobil said country-specific cuts will depend on the oil major's local business footprint and market conditions, after the COVID-19 pandemic hammered demand for its products and crude prices tanked.
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.
Tags: production
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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.
Tags: post
production
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Edison, Energean Cut Oil Deals Value by Two Thirds
2020-06-29 19:30:00| OGI
Mediterranean-focused Energean last year agreed to buy the oil and gas operations of Edison for up to $850 million, but the parties agreed to revise the deal because of the amendments and a weaker price outlook.
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