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US Crude Oil Stockpiles Soar amid Record Surge in Net Imports

2020-12-09 19:00:00| OGI

Crude oil inventories in the U.S. rose by 15.2 million barrels in the week to Dec. 4 to 503.2 million barrels, the largest build in crude inventories since April.

Tags: net record oil imports

 

Iraq: Oil Wells Set Ablaze In Terrorist Attack

2020-12-09 16:00:14| OGI

Officials say there was not effect on the fields output.

Tags: set oil attack iraq

 
 

Whitecap Resources to Buy TORC Oil & Gas in $430 Million All-stock Deal

2020-12-09 11:20:00| OGI

Under the deal announced on Dec. 8, shareholders of TORC Oil & Gas will receive 0.57 Whitecap Resources shares in exchange for each TORC share, representing a discount of about 4.3% to the last closing price of TORC shares.

Tags: buy resources million deal

 

Offshore Oil Producer Talos Energy Launches Public Equity Offering

2020-12-08 22:40:00| OGI

Talos Energy, one of the largest public independent producers in the U.S. Gulf of Mexico, is offering about 8.3 million shares of its common stock to the public.

Tags: public energy oil offering

 

Trump Administration Seeks to Allow Polar Bear Disturbance for Oil in Alaska Refuge

2020-12-08 16:17:04| OGI

Incoming Biden administration opposes drilling in ANWR and will likely attempt to reverse policy.

Tags: administration oil bear alaska

 

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