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What's Affecting Oil Prices This Week (August 19, 2019)?

2019-08-19 18:32:55| OGI

For the week ahead, Stratas Advisors expect Brent to remain weak, averaging $60/bbl.  

Tags: august week prices oil

 

Lundin Strikes Oil At Goddo In North Sea

2019-08-19 17:21:35| OGI

Drilled by the Leiv Eiriksson semi-submersible drilling rig, the well encountered weathered and fractured basement in an estimated 20-m oil column, Lundin Petroleum said in a news release.

Tags: north sea oil strikes

 
 

LIBOR Phase-Out: Considerations For Oil, Gas Companies

2019-08-16 22:00:00| OGI

With more than $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization.

Tags: companies gas oil considerations

 

US Drillers Add Oil Rigs For First Week Since June

2019-08-16 19:24:25| OGI

Companies added six oil rigs in the week to Aug. 16, the biggest increase since April, bringing the total count to 770, Baker Hughes, a GE company, said in its weekly report.

Tags: add since june week

 

Eyeing Offshore Discovery, Surinames State Oil Company Plans Bond Sale

2019-08-16 15:27:19| OGI

Staatsolie would also consider listing some of its shares on the New York or London stock exchanges to help raise between $1 billion and $2 billion to develop its offshore drilling program, the company's CEO said.

Tags: company state sale plans

 

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