Archives for February 2020
Rig count falls by one
The number of operating drilling rigs in the United Sates fell by one. Source: FuelFix
Click here 0 2,579
Occidental Petroleum reports $965 million loss in 2019
Occidental Petroleum said it lost $965 million or $1.22 per share in 2019, compared to earnings of $4.1 billion or $5.39 per share in the prior year, as the Houston oil and gas producer took...
Click here 0 2,508
Brent crude trades near $50 after slipping below on virus fear
Oil traded near $50 a barrel in London, after earlier slipping below that level, as the fast-spreading coronavirus roiled global markets, intensifying speculation that OPEC and its allies will strike a deal to support prices....
Click here 0 2,484
OPEC chief: Group making renewed push for oil cuts
OPEC and its allies are displaying a “renewed commitment” to reach an accord that will stabilize oil markets hit hard by the coronavirus, the group’s top official said. Source: FuelFix
Click here 0 2,528
Apache calls it quits on Alpine High after $3 billion charge
(Bloomberg) — Apache Corp. is officially calling it quits on a highly publicized but disappointing shale discovery in West Texas after vehemently defending the prospect for about three years. The Houston-based company posted a roughly...
Click here 0 2,512
