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Interactive: Not all oil is equal – Platts Periodic Table of Oil

2 weeks ago DieselGasoil Comments Off on Interactive: Not all oil is equal – Platts Periodic Table of Oil
Understanding crude quality has never been more important, following the dramatic rise in US shale output, which has transformed the composition of the global oil market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now There are hundreds of different grades and varieties produced around the world, from medium-sour Hungo Read More

SDRL – Sonadrill Joint Venture Contract Award

2 weeks ago DieselGasoil Comments Off on SDRL – Sonadrill Joint Venture Contract Award
Hamilton, Bermuda, September 4, 2019– Sonadrill Holding Ltd (“Sonadrill”), Seadrill Limited’s (“Seadrill”) 50:50 joint venture with an affiliate of Sonangol E.P. (“Sonangol”), has secured a nine well contract with six options, each for one well, in Angola for the Libongos drillship. The estimated total contract value is $101 million with commencement expected late Q3 2019 Read More

US-bound AFRICAN migrants clash with police at southern Mexican border

3 weeks ago DieselGasoil Comments Off on US-bound AFRICAN migrants clash with police at southern Mexican border
Migrants from Africa demanding the right to travel to the US and Canada clashed with Mexican military police after Mexico cracked down on free migration in response to US threats of economic retaliation. Nationals of the Democratic Republic of Congo, Somalia, Angola, Senegal, Cameroon, and several other African countries, stuck in southern Mexico after the Read More

Wildfires scorch Africa but world’s media stay focused on Brazil’s blazes

3 weeks ago DieselGasoil Comments Off on Wildfires scorch Africa but world’s media stay focused on Brazil’s blazes
Forest fires are tearing through the Amazon rainforest, prompting worldwide protests and demands for action to protect the “lungs of the world.” But, away from the spotlight, the Brazilian fires are dwarfed by blazes in Africa. Fires visible from space are currently burning up the Amazon rainforest at a rate of three football fields per Read More

BP deck operations contract a first for Sparrows Group in UKCS

4 weeks ago DieselGasoil Comments Off on BP deck operations contract a first for Sparrows Group in UKCS
8/21/2019 ABERDEEN – Sparrows Group has been awarded its first contract to deliver deck operations services in the UK Continental Shelf for supermajor BP. Sparrows has been providing crane maintenance and operations services to BP in the North Sea for more than 45 years. The contract builds on the Aberdeen headquartered company’s existing long-term relationship Read More

OPEC reports big drop in crude production, amid ‘somewhat bearish’ market outlook

1 month ago DieselGasoil Comments Off on OPEC reports big drop in crude production, amid ‘somewhat bearish’ market outlook
London — Led by its kingpin Saudi Arabia, which said it pumped at its lowest level in more than five years, OPEC on Friday reported it slashed its crude production in July, as it continues to battle slumping oil prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now OPEC Read More

Refinery news roundup: Africa launches come into focus

1 month ago DieselGasoil Comments Off on Refinery news roundup: Africa launches come into focus
London — News has emerged about new launches in Africa. Separately, Engen’s refinery in Durban is facing “some challenges” in production and hence will not be able offer bunker fuel in the spot market until the end of September, sources said. The refinery was “highly unlikely” to resume offering until the end of September, which Read More

Angola to offer 10 frontier offshore blocks in new license round

1 month ago DieselGasoil Comments Off on Angola to offer 10 frontier offshore blocks in new license round
8/15/2019 HOUSTON – IHS Markit has been selected by the National Agency of Petroleum, Gas and Biofuels of Angola (ANPG), to facilitate its upcoming hydrocarbon licensing round presentations in Luanda, Houston, London and Dubai during September. IHS Markit last hosted previous hydrocarbon round promotions for Angola in 2005, and 2007-2008, which led to the largest Read More

Guyana isn’t ready for its pending oil riches, but ExxonMobil is

1 month ago DieselGasoil Comments Off on Guyana isn’t ready for its pending oil riches, but ExxonMobil is
By Kevin Crowley on 8/13/2019 HOUSTON (Bloomberg Markets) – This tiny nation on the north coast of South America is about to become the world’s newest petrostate—and potentially the richest. In 2015, ExxonMobil made what one of its executives described as a “fairy tale” discovery in the vast Stabroek exploration block off the Guyanese coast. Read More

VAALCO Energy, Inc. Announces Second Quarter 2019 Results

1 month ago DieselGasoil Comments Off on VAALCO Energy, Inc. Announces Second Quarter 2019 Results
HOUSTON, Aug. 07, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today reported operational and financial results for the second quarter 2019. Operational and Financial Highlights for the second quarter of 2019 include: Produced an average of 3,664 barrels of oil per day (“BOPD”) net near the midpoint of the Company’s guidance range; Increased Read More