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US Oil, Gas Rig Count Holds Steady
2021-06-25 19:25:10| OGI
The oil and gas rig count, an early indicator of future output, was steady at 470 in the week to June 25, Baker Hughes Co. data show.
Chevron Has No Plans to Shrink Oil and Gas Business
2021-06-25 11:25:00| OGI
Chevron will invest some $3 billion into lowering emissions between now and 2028a figure it expected to grow, CFO Pierre Breber said at the Reuters Events Global Energy Transition conference.
US Infrastructure Deal Includes $6 Billion Sale from Oil Reserve
2021-06-25 11:20:00| OGI
A sale of that size equals a drawdown of about 82 million barrels, based on June 24's price of $73/bbl for WTI crude. That represents about 13% of the reserve's current holdings.
India Again Urges OPEC to Phase Out Oil Output Cuts
2021-06-25 11:15:00| OGI
Earlier this year, India repeatedly blamed oil output cuts by Saudi Arabia and other major producers for driving up crude prices as its economy tries to recover from the pandemic.
Oil and Gas Investor: Energy Lender Liability Beware
2021-06-25 10:00:00| OGI
Energy lenders must keep borrowers at arms length while they face COVID-19 challenges or risk lender liability.
Tags: energy
gas
oil
liability
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