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Oil Search Focuses on Alaska Stake Sale after Eking Out Profit for 2020
2021-02-23 15:04:27| OGI
Oil Searchs main challenge this year is to sell a 15% stake in its $3 billion Pikka oil project in Alaska.
Tags: search sale oil profitCategory: Industrial Goods and Services
Oil Prices Jump More Than $1 as US Output Slow to Restart
2021-02-23 11:20:00| OGI
Morgan Stanley expects Brent crude prices to climb to $70/bbl in the third quarter on signs of a much improved market including prospects of a pick-up in demand.
Tags: to jump prices oilCategory: Industrial Goods and Services
Former Saudi Oil Minister Yamani, Face of 1973 Oil Embargo, Dies
2021-02-23 11:10:00| OGI
Known for his elegant manner and trademark goatee, Sheikh Zaki Yamanis 24-year tenure running the oil affairs of the worlds biggest producer made him a global celebrity during the inflationary oil shocks of the 1970s.
Tags: face oil dies ministerCategory: Industrial Goods and Services
PATH FORWARD: Baker Hughes, C3 AI Discuss Ecosystem of AI Solutions
2021-02-23 10:00:00| OGI
Executives at Baker Hughes and C3 AI explain the recently launched Open AI Energy Initiative and why they believe this ecosystem will transform the energy industry.
Tags: of solutions forward discussCategory: Industrial Goods and Services
Permian Shale Producers See Deep Freeze Hitting Thousands of Barrels of Oil Production
2021-02-22 23:20:00| OGI
Permian Basin-focused shale producers Diamondback Energy, Cimarex Energy and Occidental Petroleum say their first-quarter oil production will be hit by a recent winter storm.
Tags: production deep oil thousandsCategory: Industrial Goods and Services
Hart Energy Unconventional Activity Tracker (Week of Feb. 22, 2021)
2021-02-22 22:34:51| OGI
The U.S. rig count rose last week to 443 as of Feb. 17, according to Enverus Rig Analytics. The count is up 4% in the last month but still down 46% year-over-year.
Tags: feb week activity energyCategory: Industrial Goods and Services
Brookfield Formally Launches Hostile Bid to Buy Inter Pipeline for Nearly $6 Billion
2021-02-22 22:05:00| OGI
Brookfield, which acquires and manages infrastructure assets, is offering CA$16.50 per share for Inter Pipeline, valuing the company at CA$7.08 billion (US$5.62 billion).
Tags: buy bid inter billionCategory: Industrial Goods and Services
US Oil Producers Eye Long Road to Recovery Following Texas Winter Storm
2021-02-22 20:25:00| OGI
The winter storm that gripped Texas and much of the country over the past week forced the biggest ever weather-related shutdown in the Permian Basin, cutting 2 million to 4 million bbl/d from nationwide oil output.
Tags: long road winter texasCategory: Industrial Goods and Services
Marketed: Falcon E&P Royalty Holdings Caney, Woodford Shale Opportunity
2021-02-22 19:20:00| OGI
Falcon E&P Royalty Holdings LLC retained EnergyNet for the sale of a Caney and Woodford Shale Opportunity through a sealed-bid offering closing March 10.
Tags: opportunity holdings royalty falconCategory: Industrial Goods and Services
Russia, Saudi Arabia At Odds over Oil Cuts Ahead of OPEC+ Meeting: Reports
2021-02-22 19:00:00| OGI
Key questions for the OPEC+ meeting will be whether Saudi Arabia rolls back its voluntary cut of 1 million bbl/d and whether there is room for an additional increase in supply from the whole oil producer group.
Tags: reports meeting oil aheadCategory: Industrial Goods and Services
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