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Mexican President Says Pemex Support Should Aid Exploration, Output

2021-02-26 15:12:51| OGI

Alongside a recently announced tax break, Lopez Obrador said Pemex would get support of around 100 billion pesos ($4.80 billion).

Tags: support president output aid


Pioneer Says Output Dip Wont Derail Variable Dividend Plans

2021-02-24 20:00:00| OGI

Most Pioneer Natural Resources production in the Permian Basin is back online and storm damage repairs are minor in the grand scheme of things, CFO Neal Shah said.

Tags: plans output variable pioneer


Occidental Petroleum Expects Winter Storm Impact on Permian Output to be Short-lived

2021-02-23 21:25:00| OGI

Occidental Petroleum does not anticipate growing global production at least this year, says CEO Vicki Hollub, adding that the company will not increase capital spending even if oil prices improve further.

Tags: impact winter output storm


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


Russia Makes Progress On Shale Oil Output But Hurdles Remain

2021-02-18 15:09:24| OGI

Gazprom Neft estimates that the reserves of the light, low-sulphur and low-viscosity Bazhenov formation stand at between 18 billion and 60 billion tonnes.

Tags: makes progress remain oil


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