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Hunting Cuts 25% of Workforce To Counter Lower Oil Prices

2020-06-29 15:50:55| OGI

Oilfield services group Hunting Plc has cut its workforce by a fourth as low oil prices and weak demand slammed most of its business units in the second quarter, the company said on June 29.

Tags: prices lower counter oil

 

CNOOC Makes Oil, Gas Discovery in South China Sea

2020-06-29 15:45:33| OGI

The discovery well HZ26-6-1 was drilled and completed at a depth of 4,276 m and encountered oil and gas pay zones.

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Chinas Saudi Oil Imports Surge in May to All-time High

2020-06-26 22:30:00| OGI

In May, Chinese refineries received their first crude cargo from the U.S. since November, of around 550,000 tonnes, the customs data released late on June 25 showed.

Tags: high oil saudi imports

 

Empire Pipeline Buys Louisiana Crude Oil Terminal from Shell

2020-06-26 21:45:00| OGI

Though specific terms of the transaction were not disclosed, Empire Pipeline said in a statement on June 25 it acquired the Gibson termianl from affiliates of Royal Dutch Shell.

Tags: oil terminal shell louisiana

 

US, Canadian Oil, Gas Rig Count Falls to Record Low Again

2020-06-26 19:42:59| OGI

The U.S. oil and gas rig count fell by one to an all-time low of 265 in the week to June 26, according to data from Baker Hughes Co. going back to 1940.

Tags: low record count gas

 

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