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Report: Oil Majors Hit Brakes on Exploration Efforts in 2020

2021-01-28 11:25:00| OGI

The number of exploration licensing rounds dropped last year due to the epidemic while oil and gas companies including Exxon Mobil, Shell and France's Total also reduced spending, says Rystad Energy analyst.

Tags: report hit efforts oil

 

Rolls-Royce facing 2bn cash reserve hit as flight numbers fall

2021-01-26 11:28:04| BBC News | Business | UK Edition

The company is set to burn through more cash than expected this year as Covid hits the travel sector.

Tags: hit fall numbers cash

 
 

BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

2021-01-20 11:55:35| Green Car Congress

Tags: global hit energy investment

 

Kosmos, Partners Hit Oil in GoMs Green Canyon Area

2021-01-19 15:49:48| OGI

The Winterfell ILX well, designed to test a subsalt Upper Miocene prospect in Green Canyon Block 944, hit about 26 m (85 ft) of net oil pay in two intervals, Kosmos said.

Tags: area hit green partners

 

US Shale Producers Lock in Future Sales as Oil Prices Hit One-year High

2021-01-15 11:10:00| OGI

U.S. shale producers that are hedging are likely locking in about 15% to 20% of production at a time, said Tom Petrie, chairman at energy investment bank Petrie Partners.

Tags: high sales future prices

 

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