Search Results for: oil

Cordy Oilfield Services Announces Purchase of the Assets and Business of 1094956 Alberta Ltd., Operating as Hornet Hydrovac

1 hour ago DieselGasoil Comments Off on Cordy Oilfield Services Announces Purchase of the Assets and Business of 1094956 Alberta Ltd., Operating as Hornet Hydrovac
CALGARY, Alberta, Dec. 12, 2017 (GLOBE NEWSWIRE) — Cordy Oilfield Services Inc. (“Cordy” or the “Corporation”) (TSXV:CKK) is pleased to announce closing of the acquisition of the assets and... Read More

Oil States to Acquire GEODynamics

2 hours ago DieselGasoil Comments Off on Oil States to Acquire GEODynamics
Transaction Highlights Unique acquisition opportunity with meaningful growth potential that combines downhole technology with consumable products used in complex completions Highly complementary products that provide opportunities for incremental revenue... Read More

World Bank to stop financing upstream oil, gas after 2019

4 hours ago DieselGasoil Comments Off on World Bank to stop financing upstream oil, gas after 2019
* Lender commits to greater climate protection * Exemption included for gas in poorer countries * World Bank to report emissions from investment projects The World Bank Group Tuesday... Read More

Too big to grow, Exxon star dims amid struggles to boost oil

10 hours ago DieselGasoil Comments Off on Too big to grow, Exxon star dims amid struggles to boost oil
HOUSTON (Bloomberg) — Big Oil’s gold standard is losing some of its luster. ExxonMobil Corp. basked in a premium stock valuation for two decades thanks to unparalleled financial discipline,... Read More

Genoil to develop 1.8 Bbbl of reserves in Sakha Republic, Russian Federation

10 hours ago DieselGasoil Comments Off on Genoil to develop 1.8 Bbbl of reserves in Sakha Republic, Russian Federation
12/12/2017 NEW YORK — Genoil (GNOLF) has signed an agreement to develop five oil and gas fields in the Sakha Republic (Yakutia), Russian Federation, with recoverable reserves of 1.8... Read More

North Sea oil producers brace for effects of Forties Pipeline shutdown

10 hours ago DieselGasoil Comments Off on North Sea oil producers brace for effects of Forties Pipeline shutdown
North Sea oil producers braced for the impact of the closure of the Forties Pipeline System, a key conduit for crude that was shut after the discovery of a... Read More

World Bank no longer to fund oil and gas projects to slow global warming

10 hours ago DieselGasoil Comments Off on World Bank no longer to fund oil and gas projects to slow global warming
Published time: 12 Dec, 2017 14:55 Edited time: 12 Dec, 2017 14:57 To boost the global economy’s shift to cleaner energy, the World Bank announced on Tuesday it will... Read More

Trump is said to open door for oil drilling off U.S. East Coast

11 hours ago DieselGasoil Comments Off on Trump is said to open door for oil drilling off U.S. East Coast
By Jennifer A. Dlouhy on 12/12/2017 WASHINGTON D.C. (Bloomberg) — The Trump administration is preparing to unveil as soon as this week an expansive offshore oil plan that would... Read More

Factbox: UK's Forties shutdown reverberates in oil, refining markets

12 hours ago DieselGasoil Comments Off on Factbox: UK's Forties shutdown reverberates in oil, refining markets
Brent crude futures hit a two-year high of over $65/b Tuesday as oil markets continued to react to news that the UK’s 600,000 b/d Forties oil pipeline will likely... Read More

Oil hits two-and-a-half year high on pipeline shutdown, stocks take breather

13 hours ago DieselGasoil Comments Off on Oil hits two-and-a-half year high on pipeline shutdown, stocks take breather
LONDON (Reuters) – Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from... Read More