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Ghana Instructs Eni, Local Producer to Combine Oil Fields

2020-05-08 22:06:57| OGI

A letter from the energy minister says seismic data indicates Eni's Sankofa offshore field, which entered production in 2017, and Springfields recently discovered Afina Field have identical reservoir and fluid properties.

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CEO of Top US Shale Producer Sees Oil Price Recovery Continuing

2020-05-07 19:30:00| OGI

Even when U.S. benchmark prices return to $45/bbl, "very few" U.S. producers would be able to afford to expand production because of high debt levels, Pioneer Natural Resources CEO Scott Sheffield says.

Tags: top price oil recovery

 
 

Oil Pipeline, Producer Standoff Prompts New Call for Texas Shale Curbs

2020-03-30 23:30:00| OGI

Texas Railroad Commission, the state's energy regulator, will weigh a mandated cut at its next scheduled meeting, said Ryan Sitton, the commissioner who first floated 10% cuts two weeks ago.

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North Sea Oil Producer Siccar Point Attracts Bids Of Up To $2 Billion

2019-11-22 14:58:49| OGI

Bids for North Sea oil and gas firm Siccar Point, backed by private equity groups Blackstone and Blue Water Energy, came in at between $1.2 billion and just under $2 billion, according to three industry sources on Nov. 22.

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Private Oil Producer Secures $320 Million Loan For Williston Basin Growth

2019-06-21 21:05:26| OGI

Nine Point Energy says the financing will support continued growth of development in the Williston Basin, where the company holds roughly 53,000 net acres.

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