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Tag: oil
Brent Rises to Highest Since March Following OPEC+ Oil Deal
2020-12-04 00:00:00| OGI
OPEC+ had been expected to extend existing cuts until at least March, after backing down from earlier plans to boost oil output by 2 million bbl/d.
Contango Oil & Gas Snags Oily, Low-decline Assets in $58 Million Deal
2020-12-03 22:00:00| OGI
Contango Oil & Gas agreed to pay $58 million in cash for the acquisition of PDP heavy reserves located in in the Big Horn, Permian and Powder River basins made via a bank-owned liquidation of assets.
Oil Major Chevron Makes Billions in Spending Cuts Despite Restructuring
2020-12-03 19:05:00| OGI
Chevron's 2021 Permian Basin spending of $2 billion is half of what it planned at the start of 2020 and lower than 2019 levels of $3.6 billion, says Biraj Borkhataria from RBC Capital Markets.
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E&P Regional Report: Caribbean Sea Oil and Gas Development Update
2020-12-03 19:00:00| OGI
Recent oil and gas finds in the Caribbean SeaGuyana, Suriname, and Trinidad and Tobagoare encouraging producers to expand the exploration and development area in the region.
Tags: report
development
update
sea
Pioneers Sheffield: Few Independents Will Survive Oil Downturn
2020-12-03 16:00:00| OGI
The consolidation trend among oil and gas producers will continue, Pioneer CEO Scott Sheffield says, before vaccines pave the way for recovery.
Tags: oil
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