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Equinor Says Sverdrup Oil Field Output To Beat Expectations
2020-03-30 15:10:45| OGI
Western Europes biggest producing oil field is now expected to hit a daily output rate of 470,000 barrels in early May, above the 440,000 barrels per day (bbl/d) peak that had initially been penciled in for mid-year, the company said.
Norway Proposes Oil Exploration Blocks, None in Barents Sea
2020-03-30 14:59:07| OGI
All the blocks are offered in the western part of the Norwegian Sea, with interested parties asked to submit comments in a public hearing by May 11, the oil and energy ministry said.
Coronavirus: Oil price collapses to lowest level for 18 years
2020-03-30 09:05:23| BBC News | Business | UK Edition
The price of crude sinks to $23 a barrel as demand plummets due to the coronavirus pandemic.
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Column: Global Oil Storage to Fill Rapidly as Consumption Plunges
2020-03-27 20:06:08| OGI
If Saudi Arabia and Russia ramp up production as promised, the increase could total as much as 700 million barrels per month.
US Oil Rig Count Plummets Amid Cutbacks
2020-03-27 18:49:41| OGI
Drillers cut 40 oil rigs in the week to March 27, bringing down the total count to 624, the lowest since March 2017, energy services firm Baker Hughes Co. said in its weekly report.
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