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US Crude Oil Production to Fall Less Than Previously Expected in 2020

2020-09-10 11:10:00| OGI

A swifter rebound in oil production could create another supply glut. Lately, oil futures have slipped to near three-month lows due to oversupply fears.

Tags: fall production expected previously

 

On the Market Oil and Gas Quicklist (Week of Sept. 9, 2020)

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

Heres a quicklist of oil and gas assets on the market including a ready-to-drill position within the Permians Delaware sub-basin in Reeves County, Texas, that includes 100% gross working interest.

Tags: week market gas oil

 
 

Tullow Oil Fending Off Potential Cash Crunch, Reports $1.3 Billion Loss

2020-09-09 15:41:16| OGI

Tullow, with a market cap of $361 million as of Sept. 8 and $3 billion in debt, said it was looking at various refinancing alternatives.

Tags: reports potential loss cash

 

Baker Hughes Plots Low Carbon Future as Oil Prices Remain Low

2020-09-08 21:45:18| OGI

The company will continue to downsize its oilfield services and equipment portfolio, CEO Lorenzo Simonelli said at the Barclays CEO Energy-Power conference.

Tags: low future prices remain

 

Trump to Sign Order Extending Oil Drilling Ban Offshore Florida

2020-09-08 21:35:00| OGI

The ban on oil and gas drilling was set to expire in 2022. President Donald Trump said he would expand it to Florida's Atlantic coast and to the coasts of Georgia and South Carolina.

Tags: sign order florida oil

 

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