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Apache Posts Lower Fourth-quarter Loss as Oil Prices Recover

2021-02-25 10:10:00| OGI

U.S. oil producer Apache raised its project spending forecast to $1.1 billion for this year as oil prices have improved since its previous outlook of keeping upstream expenses below a billion dollars.

Tags: posts prices lower loss

 

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.

Tags: fall production largest oil

 
 

On the Market Oil and Gas Quicklist (Week of Feb. 24, 2021)

2021-02-24 19:20:00| OGI

Heres a quicklist of oil and gas assets on the market including certain Ageron Energy properties located in the dry gas window of the Eagle Ford Shale in South Texas plus a Caney and Woodford Shale opportunity from Falcon E&P Royalty Holdings.

Tags: feb week market gas

 

Petrobras Gets Single Offer from SBM for Mero 4 Oil Platform

2021-02-24 15:29:20| OGI

Petrobras business plan foresees Mero 4 entering operation in 2025 with a capacity to produce 180,000 barrels of oil a day.

Tags: single offer oil platform

 

Oil States Executive Officer Chris Cragg Steps Down

2021-02-24 15:21:46| OGI

Oil States International Inc. has revealed on Feb. 23 that Chris Cragg, executive vice president of operations will depart the company effective March 1, 2021 to pursue other opportunities.

Tags: states executive steps oil

 

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