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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.

Tags: line major bottom tech

 

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.

Tags: june field record daily

 
 

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.

Tags: low prices hit takes

 

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.

Tags: deals cut oil thirds

 

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.

Tags: groups rates oil cuts

 

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