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Subsea 7 to Lay Off 3,000 Following Oil Market Slump

2020-05-28 15:13:35| OGI

The company said it planned to lay off the workers, both contractors and permanent employees, by the end of second-quarter 2021.

Tags: market oil lay slump

 

Preserving Todays Oil Wells for Tomorrows Production

2020-05-27 23:00:00| OGI

Pickling as part of the shut-in process can help extend the shelf life of a well.

Tags: production oil wells preserving

 
 

Alberta Cuts Oil Output By 1 Million Barrels Per Day

2020-05-27 20:02:33| OGI

The output cut by Alberta, home to the worlds third-largest oil reserves, represents about a quarter of its production, according to Albertas energy minister.

Tags: day per million oil

 

On the Market Oil and Gas Quicklist (Week of May 27, 2020)

2020-05-27 18:00:00| OGI

Heres a quicklist of oil and gas assets on the market including a Permian Basin package of Wolfcamp Shale assets located in Reeves County, Texas, being sold by Victerra Energy.

Tags: week market gas oil

 

Russian Minister, Oil Majors Reported to Discuss Output Cut Extension

2020-05-27 15:51:54| OGI

The meeting is seen as support for stabilizing oil markets.

Tags: reported cut discuss oil

 

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