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Brent Oil Nears $80 a Barrel on Tight Supply

2021-09-27 15:33:16| OGI

Brent crude was up $1.43 or 1.8% at $79.52 a barrel by 1227 GMT, having posted three straight weeks of gains.

Tags: supply oil tight brent

 

US Shale Producer Hess Sees Underinvestment Risk Ahead in Tighter Oil Market

2021-09-27 11:20:00| OGI

The biggest wildcard is global upstream oil investment, which has slumped from $650 billion before the COVID-19 pandemic to around $300 billion, Hess President Greg Hill says.

Tags: market risk oil ahead

 
 

Oil and Gas Investor 40th Anniversary: Observations from Industry Thought Leaders

2021-09-25 00:00:00| OGI

When Oil and Gas Investor launched 40 years ago during the summer of 1981, it was the first industry publication to focus on the financial aspect of exploring for hydrocarbons versus the technical side. To celebrate those four decades of conversations weve had with myriad industry executives, we reached out to a number of them for their thoughts on the industrys past, present and future. 

Tags: industry thought gas oil

 

US Oil, Gas Rig Count Rises for 14th Consecutive Month

2021-09-24 19:27:38| OGI

For the month, drillers added 13 rigs, putting the count up for a 14th month in a row for the first time since July 2017, as rising oil prices have prompted drillers to return to the wellpad.

Tags: month count gas oil

 

Oil Heads for Third Week of Gains as Output Stumbles

2021-09-24 15:30:48| OGI

Oil prices steadied on Sept. 24 near a two-month high above $77 a barrel and were headed for a third straight week of gains, supported by global output disruptions and inventory draws.

Tags: week oil output heads

 

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