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Oil rebound fizzles as Treasury denies U.S. easing China tariffs

12 hours ago DieselGasoil Comments Off on Oil rebound fizzles as Treasury denies U.S. easing China tariffs
By Alex Nussbaum on 1/17/2019 NEW YORK (Bloomberg) — Oil’s after-market rebound waned Thursday after the U.S. Treasury Department disputed a report that the Trump administration might ease trade tariffs against China. Futures in New York climbed as much as 0.5%, erasing what had been a losing session, before slipping again. The turnaround came after Read More

Husky Energy soars because investors love a failure

13 hours ago DieselGasoil Comments Off on Husky Energy soars because investors love a failure
By Tina Davis on 1/17/2019 Pikes Peak South. Photo: Husky Energy. NEW YORK (Bloomberg) — For Husky Energy Inc., it may not be the shots you make that matter so much as the ones you miss. The Calgary-based oil company soared 16%, the most in almost 10 years, on Thursday after announcing that it would Read More

Legality of drilling permits issued during shutdown challenged

13 hours ago DieselGasoil Comments Off on Legality of drilling permits issued during shutdown challenged
By Jennifer A. Dlouhy on 1/17/2019 Photo: Bakken Shale. WASHINGTON (Bloomberg) — The Trump administration’s decision to keep issuing oil drilling permits during the government shutdown is putting those authorizations in legal jeopardy, environmentalists argued in a filing Thursday. The Bureau of Land Management has already violated a federal spending law and legal requirements for Read More

Wild Well Control has expanded its Montrose Facility, UK

13 hours ago DieselGasoil Comments Off on Wild Well Control has expanded its Montrose Facility, UK
1/17/2019 Photo: WellCONTAINED subsea capping stack. HOUSTON — Wild Well Control, a Superior Energy Services well control and engineering services company, has announced the expansion of its Montrose facility at South Ferryden, UK. Wild Well maintains the WellCONTAINED subsea containment system at Montrose Port. The WellCONTAINED system provides the most comprehensive package of subsea emergency Read More

Pragma's Downhole Steam Injection Valve takes next step towards North Sea reality

13 hours ago DieselGasoil Comments Off on Pragma's Downhole Steam Injection Valve takes next step towards North Sea reality
1/17/2019 Concept image: Pragma’s Downhole Steam Injection Valve. ABERDEEN — Aberdeen-based oil and gas production technology business, Pragma Well Technology, has been given the green light by Pharis Energy and OGTC to progress with the manufacture and prototype testing of their Downhole Steam Injection Valve (DSIV) following a successful feasibility study. Using advanced materials, detailed Read More

Why a Libyan oilfield grab could be a boon or bane for exports

16 hours ago DieselGasoil Comments Off on Why a Libyan oilfield grab could be a boon or bane for exports
By Salma El Wardany on 1/17/2019 CAIRO (Bloomberg) — Forces loyal to Libya’s eastern leader Khalifa Haftar have swept into the country’s lawless and oil-rich southern region to expel militants and secure energy facilities. The operation, if successful, could put Haftar in control of most of Libya’s oil fields and help rejuvenate exports from OPEC’s Read More

Gulfport board faulted, share buybacks sought by investor

16 hours ago DieselGasoil Comments Off on Gulfport board faulted, share buybacks sought by investor
By Scott Deveau on 1/17/2019 Photo: Gulfport Energy. NEW YORK (Bloomberg) — One of the largest investors in Gulfport Energy Corp. is urging changes at the natural gas and oil company, saying its board lacks the experience needed to correct its lagging performance. Firefly Value Partners, which said it and its affiliates own 8.1% of Read More

Crude slips as record U.S. output undermines OPEC+ supply curbs

16 hours ago DieselGasoil Comments Off on Crude slips as record U.S. output undermines OPEC+ supply curbs
By Alex Nussbaum and Grant Smith on 1/17/2019 NEW YORK (Bloomberg) — Oil retreated toward $51/bbl as record production in the U.S. undercut assurances from Russia that it will step up efforts to drain global supplies. Futures slid as much as 2.5% in New York, trimming gains of 3.6% over the past two days. While Read More

Shell appoints new upstream director

20 hours ago DieselGasoil Comments Off on Shell appoints new upstream director
1/17/2019 THE HAGUE — Royal Dutch Shell plc (Shell) has announced the appointment of Wael Sawan as upstream director with effect from July 1, 2019. Photo: Wael Sawan. In his new role, Wael will become a member of the Executive Committee and will take over from Andy Brown. Andy will remain available to Wael and Read More

Canadian indigenous groups mull pipeline deal to ease oil glut

21 hours ago DieselGasoil Comments Off on Canadian indigenous groups mull pipeline deal to ease oil glut
By Robert Tuttle on 1/17/2019 CALGARY (Bloomberg) — The Trans Mountain crude pipeline that Prime Minister Justin Trudeau’s government bought from Kinder Morgan last year is getting interest from some indigenous groups hurt by Canada’s oil price crunch.  Five or six First Nation communities have approached the federal government with a view to potentially acquiring Read More