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Oklahoma Will Let Struggling Oil Producers Halt Output without Breaking Contracts

2020-04-22 22:25:00| OGI

The decision would allow oil and gas producers in Oklahoma with money-losing wells to retain leases that could be voided if production was halted.

Tags: oil output breaking oklahoma

 

Why ESG Matters in an Oil and Gas Crisis

2020-04-22 20:30:00| OGI

The oil price implosion and strategies for survival have replaced climate change and diversity as the top issues for energy industry boards, but employee health and safety, executive succession and compensation, and industry perceptions are ESG issues that will need attention, legal experts say.

Tags: gas oil matters crisis

 
 

On the Market Oil and Gas Quicklist (Week of April 22, 2020)

2020-04-22 18:00:00| OGI

Heres a quicklist of oil and gas assets on the market including a 308-well package in Oklahoma's SCOOP and STACK shale plays plus conventional California oil properties in the Santa Barbara and Orange counties.

Tags: april week market gas

 

Australia to Spend $60 Million Buying Oil to Store in US Reserve

2020-04-22 16:04:30| OGI

10-year deal will allow Australia to stockpile crude and eventually increase storage in the country.

Tags: us store australia million

 

Shell Delays Decisions on Deepwater Projects Amid Oil Price Rout

2020-04-22 15:15:38| OGI

The Anglo-Dutch company slashed its 2020 spending plans by a fifth as measures to halt the spread of the virus led to an unprecedented drop in oil demand and sent oil prices to their lowest in two decades.

Tags: price projects oil decisions

 

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