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Oil Major ConocoPhillips Deploys Low-Code Tech to Boost Bottom Line
2020-06-30 15:49:06| OGI
ConocoPhillips has deployed a low-code platform called Mendix to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company, Mendix said in a statement on June 30.
Petrobras: Buzios Oil Field Sets Daily Production Record in June
2020-06-30 15:13:53| OGI
Brazils Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels June 27, totaling 664,000 bbl/d and 822,000 boe/d.
Shell takes $22bn hit over low oil prices
2020-06-30 12:02:39| BBC News | Business | UK Edition
The oil giant says cheaper crude prices mean its assets are not worth as much as they used to be.
Edison, Energean Cut Oil Deals Value by Two Thirds
2020-06-29 19:30:00| OGI
Mediterranean-focused Energean last year agreed to buy the oil and gas operations of Edison for up to $850 million, but the parties agreed to revise the deal because of the amendments and a weaker price outlook.
Oil Groups Boosted by Cuts to US Royalty Rates during Pandemic
2020-06-29 18:00:00| OGI
The Trump administration has slashed amounts oil and gas companies must pay for access on government-owned land during the COVID-19 pandemic.
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