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Total Hopes New Supercomputer Will Help It Find Oil Faster, More Cheaply
2019-06-18 14:49:53| OGI
The Pangea III computer build by IBM will help process complex seismic data in the search for hydrocarbons 10 times faster than before, Total said June 18.
Okea CEO Sees Foreign Oil Majors Leaving Norways Offshore In A Decade
2019-06-18 14:45:03| OGI
Exxon Mobil, Chevron and BP have already sold their offshore assets in Norway and Okea CEO Erik Haugane told Reuters that Equinor will soon be the only oil major left.
EIA: US Shale Oil Output To Hit Record In July
2019-06-17 22:35:08| OGI
The largest change is forecast in the Permian Basin of Texas and New Mexico, where output is expected to climb by 55,000 bbl/d to a fresh peak at 4.23 million bbl/d in July.
What's Affecting Oil Prices This Week (June 17, 2019)?
2019-06-17 18:30:59| OGI
Brent fell $0.19/bbl last week to average $61.57/bbl but with significant intra-week volatility.
Israels Navitas: Oil Production Starts At Gulf Of Mexicos Buckskin
2019-06-17 15:33:18| OGI
Production is expected to last some 18 years and bring in total revenue to Navitas and its partners of about $11.3 billion, the company said in a statement.
Tags: production
oil
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