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Oil and Gas Industry Stung by Bidens Expected Blow Against KXL

2021-01-19 21:58:47| OGI

Analysts wonder if the timing portends trouble for infrastructure projects by the oil and gas industry with the new administration.

Tags: industry expected gas oil

 

Oil Billionaire Takes Active Stake in Hard-hit ProPetro

2021-01-19 19:45:00| OGI

Prominent shale investor Dan Wilks on Jan. 19 reported a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp. through an investment vehicle.

Tags: active takes oil stake

 
 

IEA Cuts Oil Demand Outlook Due to COVID-19 Resurgence

2021-01-19 17:05:00| OGI

The emergence of new strains of the virus, renewed lockdowns in China and logistical hurdles facing vaccine roll-outs contributed to the gloomier oil demand outlook by the IEA.

Tags: due oil demand outlook

 

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

 

Norway Awards Oil, Gas Exploration Rights to 30 Firms

2021-01-19 15:19:41| OGI

Firms that won stakes in the licenses included Equinor, Shell, Aker BP, ConocoPhillips, Total, Lundin Energy and Enis Vaar Energi.

Tags: rights gas awards oil

 

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