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Bidding Field Narrows As Huge Brazil Oil Auction Approaches
2019-11-05 15:13:24| OGI
In the Nov. 6 auction, firms are expected to pay up to US$26.5 billion in signing bonuses for fields that Brazil says may hold up to 15 billion barrels of untapped crude.
What's Affecting Oil Prices This Week (November 4, 2019)?
2019-11-04 21:18:07| OGI
For the week ahead, Stratas Advisors expect prices to rise and for Brent to average $62.50/bbl.
Tags: november
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Chevron Sells Stake In Giant Azeri Oil Field For About $1.6 Billion
2019-11-04 19:00:00| OGI
Hungarian energy firm MOL is buying Chevron's stake in a giant oil field in Azerbaijan for $1.57 billion, as U.S. majors retreat to refocus on production at home.
Kosmos Energy Finds Oil Offshore Equatorial Guinea
2019-11-04 15:28:34| OGI
Equatorial Guinea's Ministry of Mines and Hydrocarbons said the well, located in the Santonian reservoir offshore in the Rio Muni Basin, was drilled to a depth of 4,400 m.
US Oil Drillers Cut Rigs For Second Week In A Row
2019-11-01 18:26:33| OGI
Drillers cut five oil rigs in the week to Nov. 1, bringing down the total count to 691, the lowest since April 2017, Baker Hughes said in its weekly report.
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