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Report Shows Big Oils Proved Reserves Dwindling

2021-05-06 21:50:00| OGI

The drop, according to Norway-headquartered Rystad Energy, could result in oil reserves running out within 15 years if large commercial discoveries are not made quickly.

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Vencer Energy Makes Debut with Acquisition of Hunt Oils Permian Position

2021-04-30 17:20:00| OGI

The acquisitionVencer Energys first since its launch by energy trader Vitol last yearcomprises Hunt Oils Midland Basin position covering 44,000 acres across the Permian in West Texas.

Tags: makes position energy acquisition

 
 

Big Oils Huge Losses Raise Prospect of Megamergers

2021-02-09 19:00:00| OGI

Rise of clean energy and doubts about long-term demand force existential reckoning for oil majors.

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Hedge Funds Bet on Oils Big Comeback after Pandemic Hobbles Producers

2021-02-08 10:05:00| OGI

Normally, oil producers would ramp up production as prices increase, but a move by environmentally focused investors from fossil fuels to renewables and caution by lenders leaves them hard-pressed to respond.

Tags: big funds bet producers

 

Tullow Oils New Strategy Focuses on Squeezing West Africa Fields

2020-11-25 16:09:01| OGI

Britains Tullow Oil will commit 90% of its investments in coming years on its producing offshore oil fields in West Africa and put exploration on the back burner to reduce debt.

Tags: west africa strategy fields

 

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