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WFS Technologies names new Chief Technology Officer

2 months ago DieselGasoil Comments Off on WFS Technologies names new Chief Technology Officer
7/31/2019 LIVINGSTON, SCOTLAND – WFS Technologies, global provider of wireless subsea internet of things technology, has appointed Jim Darroch as Chief Technology Officer to drive its product portfolio and software development roadmap. WFS allows operators to monitor subsea infrastructures with their patented Seatooth real-time and edge computing sensors that view, detect, measure and report on Read More

Libya output drops to post-March low as biggest field halted

2 months ago DieselGasoil Comments Off on Libya output drops to post-March low as biggest field halted
7/31/2019 CAIRO (Bloomberg) –Libya’s oil production dropped to about 950,000 bpd, its lowest in five months, after the unauthorized closing of a valve on a pipeline linking the country’s largest oil field to an export terminal on the Mediterranean Sea. The Sharara field started shutting down on Tuesday at 10 p.m., four people familiar with Read More

BP, Eni to cooperate in Central Oman EandP deal

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7/31/2019 LONDON – BP and Eni today signed an exploration and production sharing agreement for Block 77 in central Oman with the Ministry of Oil and Gas of the Sultanate of Oman.  Block 77 covers a total area of more than 2,700 square kilometers. BP and Eni will each hold a 50% interest in the Read More

Excess supply drives Asia LNG to 10-year low

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By Stephen Stapczynski on 7/31/2019 SINGAPORE (Bloomberg) –Natural gas in Asia is heading toward the lowest price in a decade, possibly extending pain for global oil majors suffering from the fuel’s weakness. The latest bad news for bulls came this week, as China National Offshore Oil bought a liquefied natural gas cargo for early September Read More

Shell sells its GOM Caesar-Tonga asset for $965 million

2 months ago DieselGasoil Comments Off on Shell sells its GOM Caesar-Tonga asset for $965 million
7/31/2019 THE HAGUE — Shell has sold its non-operated interest (22.45%) in the Caesar-Tonga asset, U.S. Gulf of Mexico, to Equinor for $965 million. The transaction is subject to approval of the lease assignments by the regulator. The transaction represents Shell’s focus on strategically positioning the deepwater business for growth and is consistent with its Read More

Lundin Petroleum ups Edvard Grieg guidance, reassures on Sverdrup

2 months ago DieselGasoil Comments Off on Lundin Petroleum ups Edvard Grieg guidance, reassures on Sverdrup
Highlights Edvard Grieg plateau extended to end-2022 Q2 oil and gas output drops 6% on year Exploration drilling yields lackluster results London — Swedish-owned Lundin Petroleum on Wednesday raised its output guidance for the Edvard Grieg field offshore Norway and offered assurances on the giant Johan Sverdrup project, after its Q2 production slipped and operating Read More

Japan’s July gasoline demand seen lowest since 1993

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Tokyo — Japan’s gasoline demand in July is estimated to have fallen to its lowest level since July 1993 as the country’s coolest and rainiest summer in years takes a hit on the country’s driving season, data compiled by S&P Global Platts showed Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Austria’s OMV lowers 2019 output guidance slightly but profits rise

2 months ago DieselGasoil Comments Off on Austria’s OMV lowers 2019 output guidance slightly but profits rise
London — Austrian integrated company OMV reduced its oil production forecast a little for 2019 due to the security situation in Libya, but its second-quarter profits climbed due to record high output and higher natural gas sales, it said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now OMV Read More

Fujairah Data: Refined product stocks fall 5.8% on heavy distillate decline

2 months ago DieselGasoil Comments Off on Fujairah Data: Refined product stocks fall 5.8% on heavy distillate decline
London — Refined product stocks at the Middle Eastern hub of Fujairah fell 5.8% in the week to July 29 to 18.255 million barrels, according to data released Wednesday by the Fujairah Oil Industry Zone. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The biggest decline was in heavy Read More