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Column: Escalating Oil Prices Signal Need for More Output

2021-02-05 15:48:35| OGI

Shrinking inventories and rising consumption indicate that higher production will be needed in the second half of the year.

Tags: prices oil output column

 

Aker BP Sets Goal of 70% Growth in Oil, Gas Output By 2028

2021-02-04 15:12:01| OGI

Capital spending will increase to $2.2 billion-$2.3 billion from $1.7 billion in 2020, taking advantage of tax incentives, the company said.

Tags: by growth sets goal

 
 

OPEC+ Sticks with Output Policy Despite Oil Price Rally

2021-02-03 20:05:00| OGI

Oil has rallied from historic lows hit last year as the pandemic hit demand, thanks to record output cuts by OPEC and allies, known as OPEC+ that the group is beginning to unwind.

Tags: policy price oil output

 

Russias Oil Heartland Poised for Rebound after Output Cuts

2021-01-26 15:04:35| OGI

Oil output in the region may see output rebounding to 215 million tonnes in 2021, said Sergei Filatov, head of subsoil management and natural resources at Khanty-Mansiisk (Yugra).

Tags: oil output cuts heartland

 

Oil Producer Hess Sees Slight Reduction in Output on Flat Budget

2021-01-25 15:14:35| OGI

Hess forecast net production to average about 310,000 barrels of oil equivalent per day (boe/d) in 2021, excluding Libya, compared with 2020 estimate of 325,000 boe/d.

Tags: flat oil output budget

 

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