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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 profit

Category: 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 oil

Category: 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 minister

Category: 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 discuss

Category: 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 thousands

Category: 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 energy

Category: 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 billion

Category: 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 texas

Category: 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 falcon

Category: 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 ahead

Category: Industrial Goods and Services

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