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Tag: oil
Oil Jumps After Three-Day Slump But Virus And Oversupply Still Weigh
2020-03-19 14:15:01| OGI
Oil prices bounced nearly 7% on March 19 after a three-day selloff drove them to their lowest in almost two decades as demand plummeted due to the coronavirus and supplies surged in a fight for market share between Russia and Saudi Arabia.
Equinor Delays Bay du Nord Project Offshore Canada After Oil Price Crash
2020-03-19 14:11:40| OGI
The company had previously expected the project with estimated reserves of 300 million barrels to start production in 2025.
Tags: price
canada
project
oil
MOL Norge, Lundin Petroleum Hit Oil, Gas In Norwegian North Sea
2020-03-19 13:17:46| OGI
MOL said preliminary evaluation of the main discovery shows recoverable resources between 12 million barrels of oil equivalent (MMboe) and 71 MMboe.
US Shale Producers Cut Executive Pay As Oil Prices Crash
2020-03-19 10:10:00| OGI
U.S. shale producer Parsley Energy said March 18 it would slash executive pay 50%, the deepest such cut announced so far since the oil price collapse.
Tags: pay
prices
cut
executive
Oil, Gas Industry Reps Detail Safety Precautions For Reliable US Energy Supply Amid Outbreak
2020-03-18 22:41:06| OGI
Previous viral outbreaks and natural disasters have provided a blueprint for industry emergency planning.
Tags: detail
industry
safety
supply
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