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US Rig Count Rises Despite Oil Producers Pledging To Reduce Drilling This Year
2020-03-06 19:15:00| OGI
Exxon Mobil, which analysts say is operating the most U.S. rigs, said March 5 that it would cut about 20% of the 58 rigs it was operating in the Permian Basin this year.
OPECs Deal For Deeper Oil Cuts In Trouble As Russia Resists
2020-03-06 14:45:00| OGI
A high-level Russian source and two OPEC sources told Reuters that Russian Energy Minister Alexander Novak told OPEC that Moscow was only ready to discuss extending existing output cuts.
Report: Coronavirus To More Than Halve Oil Demand Growth This Year
2020-03-06 11:10:00| OGI
The coronavirus outbreak will cut growth in global oil demand by more than half this year compared to earlier forecasts, Rystad Energy predicted on March 5.
Extraction Oil & Gas CEO Mark Erickson Steps Down
2020-03-06 01:00:00| OGI
Extraction Oil & Gas president, Matt Owens, has been appointed as CEO, a position that he had held in an interim capacity since company founder Mark Ericksons leave of absence a year ago.
Oil, Gas Industry Players Talk Diversity, Building From Within
2020-03-06 00:00:00| OGI
Diversity in the workforce is being championed to not only help bring in more qualified workers but also bring diverse perspectives and voices to the oil and gas industry.
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