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North Dakota Oil Production Rose About 20% in July

2020-09-16 11:15:00| OGI

North Dakota oil production jumped to more than 1 million bbl/d in July for the first time in two months but remained below its peak output in the state's Bakken shale field.

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Marketed: Urban Oil & Gas Acquisition Opportunity

2020-09-16 00:55:00| OGI

Urban Oil & Gas Group engaged Anderson King Energy Consultants as its exclusive adviser in connection with the sale of certain operated producing properties primarily in the Ark-La-Tex and Midcontinent region.

Tags: opportunity gas oil urban

 
 

Oil Prices Rise over 2% as US Gulf Coast Braces for Hurricane Sally

2020-09-16 00:05:00| OGI

Oil prices gained ahead of Hurricane Sally's expected landfall on the U.S. Gulf Coast. Brent crude futures gained 92 cents, or 2.3%, to settle at $40.53/bbl, while WTI crude rose $1.02, or 2.7%, to settle at $38.28/bbl.

Tags: prices oil rise coast

 

Over Quarter of US Oil Production Shut from Hurricane Sally

2020-09-15 20:50:00| OGI

Shell shut its Appomattox oil platform about 80 miles off the coast of Louisiana, joining BP, Chevron and Equinor in closing facilities in the U.S. Gulf of Mexico less than one month after Hurricane Laura.

Tags: production oil quarter shut

 

IEA: Except for China, Oil Demand Recovery Slow for Rest of 2020

2020-09-15 16:35:48| OGI

Chinas COVID recovery has pushed its economy but the rest of the world lags.

Tags: of china rest oil

 

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