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Blueknight Energy Partners to Sell Crude Oil Business for $162 Million
2020-12-23 15:39:17| OGI
Blueknight Energy Partners LP has entered into multiple definitive agreements on Dec. 21 to sell its crude oil terminalling, pipeline, and trucking business segments for approximately $162 million in total cash consideration, including estimated crude oil linefill and inventory.
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Mexicos Pemex, Talos to Keep Talking over Major Shared Oil Find
2020-12-23 11:16:55| OGI
Mexicos energy ministry has approved a 60-day extension for talks between state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc. over the future of a massive shared crude deposit, Talos CEO Tim Duncan told Reuters on Dec. 22.
Oil Drops on Surprise US Stock Build, Trump Threat to Stimulus Bill
2020-12-23 11:14:50| OGI
Oil prices dropped on Dec. 23 after an industry report showed an unexpected rise in U.S. crude oil inventories, and as President Donald Trump rattled markets by threatening not to sign a long-awaited U.S. COVID-19 relief bill.
Petrobras Finds High Quality Oil in New Well at Giant Buzios Field
2020-12-22 14:41:34| OGI
Brazils state-controlled oil producer Petroleo Brasileiro SA confirmed the presence of high quality oil on Dec. 22 after drilling a new well at Buzios, the countrys second-most productive field.
Greenpeace Loses Norway Supreme Court Case over Arctic Oil
2020-12-22 11:32:17| OGI
Norways Supreme Court approved the governments plans for Arctic oil exploration on Dec. 22, dismissing a lawsuit by campaigners who claimed the scheme violated peoples right to a healthy environment.
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