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US Resumes Oil, Gas Auctions with Major New Mexico Sale

2020-08-26 16:41:44| OGI

The Trump administration will resume its oil and gas leasing program on Aug. 26 with a large sale of acreage in three states, ending a five-month pause due to the coronavirus pandemic and a crash in oil prices.

Tags: sale major mexico gas

 

Saudi June Oil Exports Down $8.7 Billion Year-On-Year

2020-08-26 15:34:15| OGI

Total exports grew compared to May, but oil fell 55% YOY.

Tags: june oil billion saudi

 
 

Experts: Oil and Gas Industry Suffers a Credibility Gap

2020-08-26 11:30:00| OGI

The message about abundant, affordable energy and lower emissions is lost because of a lack of trust, say panelists at a Colorado conference.

Tags: industry gas oil experts

 

Petrobras Plans to Sell More Oil Fields, Nearby Refinery

2020-08-26 11:20:00| OGI

Petrobras is years into a drive to sell of tens of billions of dollars of noncore assets in a bid to reduce its hefty debt load and sharpen its focus on deepwater oil production.

Tags: sell plans fields oil

 

Oil Prices Hit Five-month High As Hurricane Laura Cuts US Production

2020-08-26 11:00:00| OGI

Oil prices rose toward $46/bbl on Aug. 26, near the highest since March, lifted by U.S. producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura.

Tags: high prices hit production

 

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