The Organization of Petroleum Exporting Countries and its allies have shifted to a monthly schedule of meetings, so they can react more rapidly to changes in the market, and make more gradual production adjustments that are better suited to a volatile situation. SourceContinue Reading
PetroChina Makes Huge Gas Find | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Dec 21, 2020, 11:00 AM CST PetroChina discovered a natural gas field with reserves in excess of 100 billion cubic meters, Chinese states news agency Xinhua reported this weekend. The agency cited...Continue Reading
OPEC+ Plans To Meet More Frequently To Discuss Oil Market Balancing | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Dec 21, 2020, 10:30 AM CST OPEC+ will take a more hands-on approach...Continue Reading
Russia Backs Another 500,000 Bpd Oil Production Increase | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Dec 21, 2020, 10:00 AM CST Despite renewed fears about oil demand due to...Continue Reading
Iraq’s Flaring Policy Is Broken | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Dec 21, 2020, 9:30 AM CST With budgets already stretched thin, Iraq’s budget is being taxed even more...Continue Reading
Oil Plunges As New Coronavirus Strain Spooks Markets | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Dec 21, 2020, 8:30 AM CST Oil prices plummeted early on Monday as a...Continue Reading
Diamondback said it agreed to purchase closely held Guidon Operating LLC. That cash-and-stock deal values Guidon, which was co-founded in 2016 by funds managed with Blackstone Group, at about $862 million. SourceContinue Reading
The Anglo-Dutch energy giant gave a first taste of what could prove to be another bleak quarter for the industry. It warned of another multibillion-dollar impairment charge, significantly weaker oil trading, a loss in its upstream division and fuel sales that remain sluggish. SourceContinue Reading
Weir Oil and Gas Dubai signed a five-year $70 million contract with Thailand’s PTT Exploration and Production, a subsidiary of state-owned energy conglomerate PTT, to supply and install 1,800 sets of wellheads and trees in the Gulf of Thailand. SourceContinue Reading
