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Tag: oil
Oil prices rise as major producers prepare to meet
2020-04-09 10:51:14| BBC News | Business | UK Edition
Crude prices gain on hopes that Saudi Arabia and Russia can end row over production cuts.
Report: What COVID-19 Pandemic Means for UK, Norway Oil Sector?
2020-04-09 00:00:00| OGI
With Brent hovering around US$30/bbl, the resilience of the oil sector is once again being pushed to its limit. What does this mean for the U.K. and Norway upstream industry?
Ovintiv Employees, Other Oil Producers Rally Against Texas Production Cuts
2020-04-08 21:30:00| OGI
Texas Railroad Commission, which has the authority to mandate production curbs in the state, will consider next week a proposal to require larger oil producers to cut output by 20% beginning May 1.
Tags: production
texas
oil
employees
Marathon Oil Suspends Permian Drilling with Deeper Capex Cuts
2020-04-08 21:00:00| OGI
Marathon Oil will continue work to optimize its development plans in the Bakken and Eagle Ford Shale, but now plan to take frac holidays in both plays during the second quarter, CEO Lee Tillman says.
Tags: oil
cuts
deeper
marathon
Oil and Gas Execs Keep Calm, Call Their Lawyers
2020-04-08 18:00:00| OGI
The industrys weve got this mentality shifts to survival mode as it tackles an enormous body of uncertainty-infused challenges, including prices, demand, storage, upended deals and layoffs.
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