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Tag: production cuts
Shale Producer EQT Cuts Natural Gas Production in September
2020-09-10 21:30:00| OGI
The production curtailment was smaller than EQT's last reduction of about 1.4 Bcfe/d of gross production on May 16 as demand destruction from the coronavirus cut prices for the fuel to a near 25-year low.
Tags: september
natural
production
gas
Twin US Gulf Coast Storms Stir Deep Production Cuts by Energy Giants
2020-08-24 18:05:00| OGI
Oil and gas firms had shut wells in the U.S. Gulf of Mexico accounting for 1 million bbl/d of oil on Aug. 23, as one storm is forecast to become a damaging Category 2 hurricane.
Tags: production
energy
deep
coast
OPEC+ Compliance with Oil Production Cuts Around 97% in July
2020-08-17 22:15:00| OGI
In August, OPEC+ eased its oil pruduction cuts to 7.7 million bbl/d from 9.7 million bbl/d previously, a record cutback, as demand partially recovered.
Tags: in
july
production
oil
OPEC+ Set to Ease Record Oil Production Cuts from August
2020-07-15 15:00:00| OGI
OPEC and its allies, including Russia, have been cutting output since May by 9.7 million bbl/d, or 10% of global supply, after the virus destroyed a third of global demand.
Tags: set
august
record
production
Shale Producer Diamondback Energy Cuts 2020 Production Forecast
2020-07-15 11:10:00| OGI
Diamondback Energy, which operates in the Permian Basin, said it had suspended almost all completion activity and cut about 5% of production in the second quarter.
Tags: production
energy
producer
cuts