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Egypt returns to LNG exports club seeking to sell cargoes

3 days ago DieselGasoil Comments Off on Egypt returns to LNG exports club seeking to sell cargoes
By Stephen Stapczynski, Anna Shiryaevskaya and Salma El Wardany on 3/15/2019 SINGAPORE and LONDON (Bloomberg) — Egypt indicated it’s ready to rejoin the club of major exporters of liquefied natural gas, making its biggest offer to supply the market in at least five years. The state gas company EGAS tendered to sell four cargoes of Read More

U.S. oil waivers that rocked market in 2018 coming back to focus

3 days ago DieselGasoil Comments Off on U.S. oil waivers that rocked market in 2018 coming back to focus
By Bloomberg News on 3/15/2019 SINGAPORE and BEIJING (Bloomberg) — Uncertainty over U.S. waivers for buyers of Iranian oil is starting to grip the market again, under very different circumstances than when American sanctions were set to go into effect last year. Before existing exemptions were granted in early November, Saudi Arabia was pumping at Read More

Cyclone Idai lashes Mozambican port, hits communications

3 days ago DieselGasoil Comments Off on Cyclone Idai lashes Mozambican port, hits communications
MAPUTO/JOHANNESBURG (Reuters) – Parts of Mozambique were cut off on Friday as a tropical storm battered the coast and the major port city of Beira with heavy rain and winds of up to up 170 kph (105 mph). Cyclone Idai was bringing more floodwater and destruction to areas of Mozambique and Malawi where scores of Read More

Cyclone Idai batters Mozambique coastal city, several injured

3 days ago DieselGasoil Comments Off on Cyclone Idai batters Mozambique coastal city, several injured
MAPUTO (Reuters) – A powerful tropical storm made landfall in Mozambique on Thursday evening, battering a coastal city with heavy rain and wind at speeds of up to up 170 km an hour and injuring several people. In Beira, a city of around 500,000 people and a gateway for imports to landlocked countries in southeast Read More

Cyclone Idai batters Mozambique coastal city

3 days ago DieselGasoil Comments Off on Cyclone Idai batters Mozambique coastal city
JOHANNESBURG (Reuters) – A powerful tropical storm made landfall in Mozambique on Thursday evening, battering a coastal town with heavy rain and wind at speeds of up to up 170 km an hour. In Beira, a gateway for imports to landlocked countries in south-east Africa, twitter images showed billboards blown off and electricity and telephone Read More

World Bank, AfDB commit $47 billion to African climate finance

4 days ago DieselGasoil Comments Off on World Bank, AfDB commit $47 billion to African climate finance
NAIROBI (Reuters) – The World Bank and the African Development Bank will together commit more than $47 billion by 2025 to help African countries tackle the effects of climate change, the banks said on Thursday. Many countries on the continent, especially those on the coast, are among the most vulnerable to the effects of climate Read More

Why U.S. growers are betting the farm on soybeans amid China trade war

4 days ago DieselGasoil Comments Off on Why U.S. growers are betting the farm on soybeans amid China trade war
CHICAGO (Reuters) – U.S. farmers are gearing up to plant what could be their third-largest soybean crop ever despite failing to sell a mountain of beans from their last harvest due to a U.S.-China trade war that remains unresolved. Farm equipment and grain storage belonging to farmer Austin Rincker sit outside in Moweaqua, Illinois, U.S., Read More

Factbox: Boeing 737 MAX 8 groundings spread around the world

5 days ago DieselGasoil Comments Off on Factbox: Boeing 737 MAX 8 groundings spread around the world
(Reuters) – The United States on Wednesday became the latest to join the long list of countries around the globe to ground Boeing’s 737 MAX aircraft following Sunday’s deadly plane crash in Ethiopia. American civil aviation and Boeing investigators search through the debris at the scene of the Ethiopian Airlines Flight ET 302 plane crash, Read More

Nigerian oil region crisis threatens Buhari's economic plans

5 days ago DieselGasoil Comments Off on Nigerian oil region crisis threatens Buhari's economic plans
By Dulue Mbachu and Elisha Bala-Gbogbo on 3/13/2019 ABUJA (Bloomberg) — Fresh from his comfortable re-election, Nigerian President Muhammadu Buhari faces a huge hurdle to keep his vow to end the economy’s addiction to oil: win a lasting peace in the crude-rich Niger River delta. The 76-year-old former military ruler will have to score a breakthrough Read More

Exceed wins contract to drill first-ever deepwater well offshore Guinea Bissau

5 days ago DieselGasoil Comments Off on Exceed wins contract to drill first-ever deepwater well offshore Guinea Bissau
3/13/2019 ABERDEEN — Exceed, a well management and performance improvement specialist, continues to consolidate its West African presence, by announcing the company’s first contract to be undertaken offshore Guinea Bissau. Awarded by Swedish E&P company, Svenska Petroleum Exploration AB, the project will comprise full well project management services to deliver a deep water exploration well Read More