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Honda to close UK car plant as Brexit looms

18 mins ago DieselGasoil Comments Off on Honda to close UK car plant as Brexit looms
LONDON/TOKYO (Reuters) – Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union. The Japanese firm, which builds a tenth of Britain’s 1.5 million cars Read More

Ultra Petroleum Corp. Announces 2018 Year-End Reserves and Production, Reaffirms its $1.3 Billion Borrowing Base, Executes a Proactive Amendment to RBL Credit Agreement, Provides an Update on Follow-On Debt Exchanges, and Schedules Q4 and Year-End Earnings Call

48 mins ago DieselGasoil Comments Off on Ultra Petroleum Corp. Announces 2018 Year-End Reserves and Production, Reaffirms its $1.3 Billion Borrowing Base, Executes a Proactive Amendment to RBL Credit Agreement, Provides an Update on Follow-On Debt Exchanges, and Schedules Q4 and Year-End Earnings Call
ENGLEWOOD, Colo., Feb. 19, 2019 (GLOBE NEWSWIRE) — Today Ultra Petroleum Corp. (“Ultra Petroleum,” “Ultra” or the “Company”) (NASDAQ: UPL) announced its 2018 year-end reserves and production, semi-annual borrowing base redetermination and favorable amendment to its leverage covenants and schedules its 2018 fourth quarter and year-end earnings call. Key Highlights: Fourth quarter and full-year 2018 Read More

BW Offshore: Fourth quarter and full year results 2018

6 hours ago DieselGasoil Comments Off on BW Offshore: Fourth quarter and full year results 2018
EBITDA for the quarter was USD 148.9 million and EBITDA for the full year was USD 489.2 million Q4 net production from Tortue was close to 1 million bbls First lifting from Tortue completed December 2018 – 550 thousand bbls gross NSAI confirmed remaining Tortue P2 gross reserves – 35.1 million bbls of oil Extensions Read More

BHGE strengthens presence in Qatar across fullstream operations

14 hours ago DieselGasoil Comments Off on BHGE strengthens presence in Qatar across fullstream operations
2/18/2019 DOHA — Baker Hughes, a GE company (BHGE), the world’s first fullstream oil and gas company, has signed a Memorandum of Understanding (MoU) with Qatar Petroleum (QP) to unlock new opportunities to expand its presence in the country and to support Qatar Petroleum’s Tawteen Program. The agreement confirms BHGE’s ongoing commitment to Qatar and Read More

Weir Oil and Gas awarded contract with Expro for repair of Powerchoke products

14 hours ago DieselGasoil Comments Off on Weir Oil and Gas awarded contract with Expro for repair of Powerchoke products
2/18/2019 Photo: Expro Group. HOUSTON — Weir Oil & Gas Dubai announced that it has signed a contract with Expro to provide authorized repairs, specifically for Expro’s PowerChokes product range. The Authorized Repair Facility agreement will see Expro customers send PowerChokes products to Weir Oil & Gas Dubai’s facility to capitalize on Weir’s Original Equipment Read More

Transocean has announced drilling automation of six floaters

15 hours ago DieselGasoil Comments Off on Transocean has announced drilling automation of six floaters
2/18/2019 Photo: Transocean Norge. STEINHAUSEN, Switzerland — Transocean Ltd. has announced that it has entered into an agreement with its customer, Equinor, to license and install Automated Drilling Control (ADC) systems on four high-specification, harsh environment rigs currently on contract in Norway and a fifth semi-submersible that is expected to commence operations in the Norwegian Read More

Qatar Petroleum launches energy sector localization program – TAWTEEN

15 hours ago DieselGasoil Comments Off on Qatar Petroleum launches energy sector localization program – TAWTEEN
2/18/2019 Photo: Saad Sherida Al-Kaabi, president CEO Qatar Petroleum. QATAR — His Excellency Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, the Prime Minister and Interior Minister, launched Qatar Petroleum’s Localization Program for Services and Industries in the Energy Sector “TAWTEEN” – an initiative to enhance localizing the sector’s supply chain and expand the small and Read More

Uber agrees to pay VAT in Egypt: tax chief

15 hours ago DieselGasoil Comments Off on Uber agrees to pay VAT in Egypt: tax chief
CAIRO (Reuters) – Uber has agreed to pay value-added tax on its services in Egypt, Egyptian officials said on Monday, a move that may help resolve a long-simmering feud with traditional taxi drivers. A man walks near a banner of ride-sharing app Uber during a news conference in Cairo, Egypt, December 4, 2018. REUTERS/Lena Masri Read More

Scrapping for food to survive: Inside the frontline of Yemen's war

16 hours ago DieselGasoil Comments Off on Scrapping for food to survive: Inside the frontline of Yemen's war
By Alex Rossi, Middle East correspondent Yemen’s warring parties have agreed to withdraw their forces from Hodeidah – providing fresh hope for the fragile ceasefire in the city. No timeline has been announced for the withdrawal – it was originally scheduled for last month. But Sky News has been told by forces who are reporting Read More