Thursday, January 15, 2026
OPEC Secretary-General Mohammad Barkindo dies at age 63- oil and gas 360- oil and gas 360

OPEC Secretary-General Mohammad Barkindo dies at age 63

CNBC Mohammad Barkindo, a Nigerian politician and secretary-general of oil producer group OPEC, died at the age of 63, just days before he was set to finish his term at the organization.   The head of Nigeria’s National Petroleum Corp., Mele Kyari, announced the news in a tweet Wednesday, which was later confirmed by OPEC. “We lost our esteemed Dr

Oil slides 2% to 12-week low on fears of global recession- oil and gas 360

Oil slides 2% to 12-week low on fears of global recession

Reuters NEW YORK -Oil prices slid about 2% to a 12-week low in volatile trade on Wednesday, extending the prior session’s heavy losses as investors grew more worried energy demand would take a hit in a potential global recession. Looking ahead, analysts polled by Reuters forecast U.S. crude inventories fell about 1.0 million barrels last week. A drop in crude stockpiles could

The price of frac sand has spiked 150% for Permian oil producers- oil and gas 360

The price of frac sand has spiked 150% for Permian oil producers

World Oil (Bloomberg) — Bumping along the desolate highways of the Permian Basin, the world’s busiest oil field, there are long stretches where all you see are drilling rigs, sage brush and miles upon miles of sand. That’s why it’s so strange that Texas crude producers are facing a sand shortage of more than 1 million tons and prices that have jumped 150%. Frac sand, which

Ovintiv to accelerate doubling of shareholder returns; announces agreements to sell portions of its Uinta and Bakken assets for approximately $250 million- oil and gas 360

Ovintiv to accelerate doubling of shareholder returns; announces agreements to sell portions of its Uinta and Bakken assets for approximately $250 million

Oil and Gas 360 DENVER, July 6, 2022 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has reached agreements with two counterparties to sell portions of its assets located in the Uinta and Bakken Basins for total proceeds of approximately $250 million. As a result of these agreements and continued strong financial and operational results, Ovintiv has elected to accelerate