Refining

Bangladesh's BPC plans 10 ppm sulfur gasoil imports from mid-2018

8 hours ago DieselGasoil Comments Off on Bangladesh's BPC plans 10 ppm sulfur gasoil imports from mid-2018
State-run Bangladesh Petroleum Corporation plans to start imports of 10 ppm sulfur gasoil in July 2018, ahead of a government mandate to switch to the ultra low sulfur diesel (gasoil) grade from 2019, a senior BPC official said December 6. The country’s sole gasoil importer expects to import around 1.75 million mt of 10 ppm Read More

Egypt sees pilot production at Eni's Zohr gas field in just days

8 hours ago DieselGasoil Comments Off on Egypt sees pilot production at Eni's Zohr gas field in just days
Pilot production at Egypt’s Eni SpA-operated Zohr natural gas field will begin “in the coming few days,” the oil ministry said, as the country nears its goal of commercial output from the biggest gas discovery in the Mediterranean Sea by the end of this year. Gas is being pumped from the national distribution system to Read More

US oil rig count continues upward crawl for third straight week

2 days ago DieselGasoil Comments Off on US oil rig count continues upward crawl for third straight week
The US oil rig count continued its upward crawl for a third consecutive week, rising on Friday by two to 751 amid persistently higher oil prices and a growing confidence voiced by upstream operators now planning 2018 capital budgets. In addition, the Permian cracked the 400 mark for oil rigs, up by three from last Read More

Sonangol's former leader prepares new oil plans after losing post in Angola

3 days ago DieselGasoil Comments Off on Sonangol's former leader prepares new oil plans after losing post in Angola
CAIRO and LISBON (Bloomberg) — Less than a month after being fired as head of Angola’s state-owned oil company, Isabel dos Santos says she is studying new deals. Dos Santos, Africa’s richest woman, said two major Angolan banks she has links to are preparing to sell shares as part of plans to strengthen their operations at Read More

Yamal LNG project begins gas exports

3 days ago DieselGasoil Comments Off on Yamal LNG project begins gas exports
12/8/2017 PARIS — Total announces that the first cargo of liquefied natural gas (LNG) from Yamal LNG is ready to leave Sabetta. This first shipment is a major milestone for Yamal LNG, one of the biggest liquefied natural gas projects in the world. Yamal LNG will produce reserves of 4.6 Bboe in Northern Russian Federation. Read More

Polarcus secures funding for 3D broadband project in Australia

3 days ago DieselGasoil Comments Off on Polarcus secures funding for 3D broadband project in Australia
12/8/2017 DUBAI — Polarcus Limited has announced that the Company has secured significant industry prefunding and has been granted the environmental permit for a broadband 3D marine seismic project in Australia.  This extension of Polarcus’ Cygnus multi-client 3D survey represents the next step towards unlocking the complex geology of the Vulcan sub-basin through the application Read More

BASF, LetterOne sign letter of intent to merge oil and gas subsidiaries

3 days ago DieselGasoil Comments Off on BASF, LetterOne sign letter of intent to merge oil and gas subsidiaries
12/8/2017 LUDWIGSHAFEN, Germany — BASF and LetterOne signed a letter of intent today to merge their respective oil and gas businesses in a joint venture, which would operate under the name Wintershall DEA. The oil and gas business of BASF is bundled in the Wintershall Group consisting of Wintershall Holding GmbH and its subsidiaries, including Read More

Valorem Energy closes on $285-million acquisition of Williston basin assets

3 days ago DieselGasoil Comments Off on Valorem Energy closes on $285-million acquisition of Williston basin assets
12/8/2017 OKLAHOMA CITY — Valorem Energy, LLC, and certain wholly-owned subsidiaries, an independent oil and natural gas company headquartered in Oklahoma City, Okla., and backed by the Kayne Private Energy Income Fund, L.P., announced that it has closed on its acquisition of LINN Energy, Inc.’s Williston basin interests for a purchase price of $285 million, Read More

Faroe Petroleum provides update regarding incident at Tambar field

3 days ago DieselGasoil Comments Off on Faroe Petroleum provides update regarding incident at Tambar field
12/8/2017 LONDON — Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, notes the further press release provided below by Aker BP, the operator, regarding the incident reported yesterday at Tambar field in Norway (Faroe 45%), provided below. Aker BP has Read More

Next U.S. crude export surge may start at a lonely Gulf buoy

3 days ago DieselGasoil Comments Off on Next U.S. crude export surge may start at a lonely Gulf buoy
A 1,000-ft ship will likely pull up to a buoy floating in the Gulf of Mexico next year, hook up its hoses and usher the U.S. into a new era as a major oil exporter. The Louisiana Offshore Oil Port, which already handles imports from similar large ships known as Very Large Crude Carriers, or VLCCs, Read More