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US Drillers Cut Oil, Gas Rigs to Historic Low
2020-05-08 19:33:56| OGI
The rig count, an early indicator of future output, fell by 34 to a record low of 374 in the week to May 8, according to data from energy services firm Baker Hughes Co. going back to 1940.
North American Oil Producers Cut Output Quicker Than Some Expected
2020-05-07 19:40:05| OGI
They are on course to cut roughly 1.7 million barrels per day (MMbbl/d) by the end of June, according to a Reuters analysis of U.S. state and company data.
Tags: north
american
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cut
Coronavirus: Virgin Atlantic to cut 3,000 jobs and quit Gatwick
2020-05-05 15:49:06| BBC News | Business | UK Edition
The airline will axe a third of its workforce in response to the "severe impact" of coronavirus.
Tags: jobs
cut
virgin
atlantic
Diamondback Energy to Cut May Oil Output, Profit Tops Estimates
2020-05-04 22:49:41| OGI
The Texas-based company also maintained its cash dividend of $0.375 per common share for the first quarter.
Guyana Has No Plans to Cut Crude Output Despite Price Drop
2020-05-04 21:58:51| OGI
Mark Bynoe, the director of the Department of Energy, said the countrys crude production averages between 75,000-80,000 barrels per day (bbl/d) and is expected to ramp up to 120,000 bbl/d by early June.
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