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US Shale Producers Cut Executive Pay As Oil Prices Crash

2020-03-19 10:10:00| OGI

U.S. shale producer Parsley Energy said March 18 it would slash executive pay 50%, the deepest such cut announced so far since the oil price collapse.

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OPEC Backs Deepest Oil Production Cut Since 2008 Crisis

2020-03-05 15:00:00| OGI

The oil demand outlook has been pummeled by governments' steps to halt the spread of the virus, prompting OPEC to consider its deepest cut since the 2008 financial crisis.

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Report: Coronavirus To Cut Oil Demand Growth By 25% This Year

2020-02-11 22:00:00| OGI

Rystad Energy now predicts global oil demand will grow by 820,000 bbl/d in 2020, down from a December forecast of 1.1 million bbl/d.

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Partnership Advances Satellite Mission To Cut Oil Industry Emissions

2020-01-30 21:06:25| OGI

The Environmental Defense Funds MethaneSAT aims to launch a methane-detecting satellite within two years, aiming to cut such emissions from oil and gas facilities 45% by 2025.

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Enis Goliat Oil Field Output Cut By Technical Issues in 2019

2020-01-16 15:43:15| OGI

The field has experienced long unplanned outages during its first years of operation, with Norwegian authorities forcing Eni to temporarily shut the field due to safety issues in one instance.

Tags: issues field technical cut

 

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