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Tag: oil
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.
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.
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.
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