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Driller Helmerich & Payne Sees Oil Producers Cutting 2020 Capex
2020-02-05 14:25:56| OGI
Even so, the driller is expecting a "modest" increase in rig activity in the current quarter over last. Helmerich & Payne plans to run an average of 196 rigs for the quarter.
Tags: oil
cutting
sees
producers
Virginia Lawmakers Vote To Block Offshore Oil Drilling
2020-02-05 11:10:00| OGI
The offshore drilling plan was part of a broader effort by the Trump administration to maximize domestic energy production, but has drawn vehement opposition from nearly every coastal state.
OPEC+ Panel Weighs Impact On Oil Demand From Coronavirus
2020-02-05 00:30:00| OGI
Other OPEC+ sources and an industry source familiar with the discussions told Reuters on Feb. 3 that OPEC+ members were considering cutting oil production further.
BP More Than Doubles US Shale Oil Production In 2019
2020-02-04 19:00:00| OGI
BP's U.S. shale oil production more than doubled in 2019 from a year earlier as it ramped up output following the $10.5 billion acquisition of BHP assets in late 2018.
Tags: production
oil
doubles
shale
Goldman Sachs: Oil Price Volatility To Remain Elevated On Virus Worries
2020-02-04 16:12:27| OGI
The global market anticipates a large demand shock and loss in crude demand, says investment bank.
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