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HomeCrude Oil News

Crude Oil News

OPEC - energynewsbeat
Crude Oil News

OPEC+ to meet for talks on continuing oil cuts, but can they control their members?

November 26, 2020 Stu Turley

Energy News Beat Publishers Note: This will be one to watch – OPEC can not control their members – and Turkey, Venezuela,  and Libya need cash. Is this the end of OPEC’s control of world […]

Crude Oil News

The Gulf of Mexico saw its largest decrease in crude oil production since 2008 in August

November 25, 2020 Stu Turley

In August 2020, the Federal Offshore Gulf of Mexico (GOM) saw its largest monthly decrease in production of crude oil since September 2008, dropping by 453,000 barrels per day (b/d), or 27%. Production of crude […]

Crude Oil News

Gulf Keystone announces successful completion of SH-12 workover at the Shaikan field

November 24, 2020 Clark Savage

Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, has announced that the planned workover on the SH-12 well has been completed safely. Jón Ferrier, Gulf Keystone’s Chief Executive Officer, said: […]

Aruba-grapple-with-distressed-oil-assets-energynewsbeat
Crude Oil News

Curacao, Aruba grapple with distressed oil assets

November 23, 2020 Clark Savage

Bogota, 23 November (Argus) Curacao severed an oil storage contract with SPS Drilling E&P six weeks after it was signed, underscoring the challenge of monetizing Caribbean assets formerly run by Venezuela’s state-owned PdV. The 15 […]

Total in talks with Libya to expand oilfield investment -energynewsbeat.com
Crude Oil News

Total in talks with Libya to expand oilfield investment

November 23, 2020 Clark Savage

(Bloomberg) –France’s Total SE is in talks to increase energy investment in Libya, where oil output has surged in the past two months amid a truce in the OPEC member’s civil war. Total and Libya’s […]

ConocoPhillips - Northslope - Energynewsbeat.com
Crude Oil News

ConocoPhillips to resume drilling on Alaska’s North Slope

November 22, 2020 Clark Savage

Anchorage, Alaska — ConocoPhillips plans to restart drilling on Alaska’s North Slope before the end of the year and will have four rigs operating in 2021, company officials said Wednesday. Next year’s budget hasn’t been approved […]

Crude Oil News

Netherlands: Parkmead announces preliminary results for the year ended 30 June 2020

November 21, 2020 Stu Turley

Strong financial position and robust producing assets, despite low gas price environment Well capitalised, with cash balances of £25.7 million (US$33.4 million) as at 30 June 2020 Total asset base increased by 9% to £89.8 […]

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