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Tag: oil
Baker Hughes Taking $1.5 Billion Charge on Drop in Oil Services
2020-04-14 11:10:00| OGI
Baker Hughes said falling customer demand had led it to reduce its view of the long-term prospects for its oilfield services and equipment unit, resulting in a $15 billion goodwill impairment charge.
Tags: services
taking
charge
oil
Oklahoma Oil Producers Formally Petition State for Production Cuts
2020-04-13 23:05:00| OGI
A group of Oklahoma oil producers formally filed a request with the state's energy regulator asking for a hearing to consider production curbs in response to tumbling oil prices.
Tags: state
production
oil
oklahoma
EIA: US Shale Oil Output to Drop to 8.5 Million Barrels Per Day in May
2020-04-13 21:56:49| OGI
Output at every formation is expected to fall in May, with the biggest drop forecast for the Permian Basin, the biggest basin in the country, the U.S. Energy Information Administration (EIA) said in a monthly forecast April 13.
Saudi Arabia Cuts Oil Prices to Asia, Raises US
2020-04-13 18:45:00| OGI
Saudi Arabia's cut in prices to Asia reflect weak demand, while pricing to Europe and the U.S. reflect oil market fundamentals and the global supply cut pact, an industry source told Reuters.
M&A Review: The Sky Falls on Oil and Gas Dealmaking
2020-04-13 18:00:00| OGI
Once some stability is added to the market, E&Ps with capital and the appetite for deals should see opportunities materialize, a recent Enverus report says.
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