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US Crude Oil Stockpiles Plunge to Lowest Since March 2020

2021-01-27 18:05:00| OGI

The decline was the result of a sharp falloff in imports and a 2.3 million-barrel drawdown in oil stockpiles at the Cushing delivery hub for crude futures in Oklahoma.

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PATH FORWARD: What Updates to Colorado SB-181 Mean for Oil Producers

2021-01-27 10:00:00| OGI

New regulations will add further strain on oil and gas producers in Colorado, says asset performance management expert, Jamie Davidson.

Tags: forward updates path oil

 
 

Denver-based Oil Producer Ovintiv Faces Proxy Fight from Kimmeridge

2021-01-26 22:50:50| OGI

Earlier this month, Kimmeridge had urged Ovintiv to focus on capital allocation, management compensation issues and establishing environmental strategy.

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Biden Poised to Freeze Oil Lease Sales on Federal Lands, Waters

2021-01-26 19:35:00| OGI

The orders to temporarily suspend new oil and gas leasing are expected to impact large swathes of acreage onshore in mostly Western states, as well as offshore drilling acreage located mainly in the U.S. Gulf of Mexico.

Tags: sales federal oil waters

 

Russias Oil Heartland Poised for Rebound after Output Cuts

2021-01-26 15:04:35| OGI

Oil output in the region may see output rebounding to 215 million tonnes in 2021, said Sergei Filatov, head of subsoil management and natural resources at Khanty-Mansiisk (Yugra).

Tags: oil output cuts heartland

 

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