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OPEC Chief Says Oil Market Responding Well to Record OPEC+ Cut

2020-05-21 14:44:57| OGI

OPEC, Russia and other allies, a group known as OPEC+, are cutting supply by a record 9.7 million barrels per day (MMbbl/d) from May 1 to offset a slump in prices and demand caused by the coronavirus outbreak.

Tags: market record cut chief

 

Google Halts Development of AI for Oil Exploration

2020-05-20 22:18:13| OGI

Tech giant says it will honor contracts, but pulls away from energy partnerships following the release of a Greenpeace report.

Tags: development google oil exploration

 
 

On the Market Oil and Gas Quicklist (Week of May 20, 2020)

2020-05-20 19:00:00| OGI

Heres a quicklist of oil and gas assets on the market including a package of royalty interests located in Northern Oklahoma and Southern Kansas as part of a planned dissolution of the SandRidge Mississippian Trust II.

Tags: week market gas oil

 

Trump Administration Postpones New Mexico Oil, Gas Auction

2020-05-20 18:02:15| OGI

BLM had been scheduled to offer 94 parcels on more than 45,000 acres (18,211 hectares) in New Mexico and Texas via an online auction.

Tags: mexico administration gas oil

 

Sources: Russian Oil Output Dips Toward OPEC+ Quota Limit

2020-05-20 16:15:13| OGI

Energy Ministry ordered companies to cut production by 20%.

Tags: sources limit oil russian

 

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