newszine

California's dirty oil gets pricey amid Venezuela sanctions

7 hours ago DieselGasoil Comments Off on California's dirty oil gets pricey amid Venezuela sanctions
By Robert Tuttle and Sheela Tobben on 2/19/2019 Ventura Basin. Photo: California Resources Corporation. CALGARY and NEW YORK (Bloomberg) — California doesn’t usually come to mind when talking about the U.S. oil boom, but the state’s dirty oil is commanding an increasingly large premium amid an international shortfall of dense, high-sulfur crude. Refiners in the Golden Read More

Targa Resources Corp. Sells 45 Percent Interest in Bakken Assets for $1.6 Billion

15 hours ago DieselGasoil Comments Off on Targa Resources Corp. Sells 45 Percent Interest in Bakken Assets for $1.6 Billion
HOUSTON, Feb. 19, 2019 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that it has entered into definitive agreements to sell a 45 percent interest in Targa Badlands LLC (“Badlands”), the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Read More

With Iran squeezed out, U.S. oil takes on new rivals in Europe

1 week ago DieselGasoil Comments Off on With Iran squeezed out, U.S. oil takes on new rivals in Europe
MOSCOW/NEW YORK (Reuters) – When the global oil trading industry gathered for its biggest annual meeting in Asia in September last year, U.S. oil producing companies came well prepared. FILE PHOTO: A pumpjack is shown outside Midland-Odessa area in the Permian basin in Texas, U.S., July 17, 2018. REUTERS/Liz Hampton/File Photo U.S. giant Exxon Mobil Read More

Renewable Natural Gas Production Begins at David City Landfill

2 weeks ago DieselGasoil Comments Off on Renewable Natural Gas Production Begins at David City Landfill
DAVID CITY, Neb., Feb. 06, 2019 (GLOBE NEWSWIRE) — Aria Energy announces the commissioning of a landfill gas (LFG) to renewable natural gas (RNG) project at the Waste Connections-owned Butler County Landfill in David City, Neb. Aria Energy constructed, owns and operates the project, which processes and purifies up to 1,000 cubic feet per minute Read More

Comstock Resources has reported 109% in proved oil, gas reserves in 2018

2 weeks ago DieselGasoil Comments Off on Comstock Resources has reported 109% in proved oil, gas reserves in 2018
2/4/2019 Photo: Oil Derrick West Texas and cows by Donald Giannatti. FRISCO, Texas — Comstock Resources, Inc. has announced that its proved oil and natural gas reserves as of Dec. 31, 2018 were estimated by its independent petroleum engineering firm at 23.6 MMbbl of crude oil and 2,283 Bcf of natural gas or 2,424 Bcfe Read More

Comstock Resources, Inc. Announces 109% Growth in Proved Oil and Gas Reserves and Oil and Gas Production in 2018

2 weeks ago DieselGasoil Comments Off on Comstock Resources, Inc. Announces 109% Growth in Proved Oil and Gas Reserves and Oil and Gas Production in 2018
Frisco, TX, Feb. 04, 2019 (GLOBE NEWSWIRE) — COMSTOCK RESOURCES, INC. ANNOUNCES 109% growth IN PROVED OIL AND GAS RESERVESAND OIL AND GAS PRODUCTION IN 2018 FRISCO, TEXAS, February 4, 2019 — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE:CRK) announced today that its proved oil and natural gas reserves as of December 31, 2018 Read More

Exclusive: Delta trying to unload East Coast refinery – sources

3 weeks ago DieselGasoil Comments Off on Exclusive: Delta trying to unload East Coast refinery – sources
NEW YORK (Reuters) – Delta Air Lines wants to sell its oil Refinery in Trainer, Pennsylvania, after attempts to offer a partial stake in the plant late last year failed, according to two people familiar with the matter. FILE PHOTO – A Delta Air Lines flight is pushed put of its gate at the airport Read More

Oink, moo and brrr: Polar vortex strikes U.S. farm belt

3 weeks ago DieselGasoil Comments Off on Oink, moo and brrr: Polar vortex strikes U.S. farm belt
CHICAGO (Reuters) – Farmers from North Dakota to Iowa buckled down for some of the coldest weather in a generation on Wednesday, throwing extra rations to pigs or building igloos for chickens in the teeth of sub-zero temperatures and bone-chilling winds. A student’s glasses fog in subzero temperatures while walking to class at the University Read More

Cracks appear in record U.S. oil growth as shale slows for now

4 weeks ago DieselGasoil Comments Off on Cracks appear in record U.S. oil growth as shale slows for now
By Christopher Sell on 1/24/2019 LONDON (Bloomberg) — Cracks are emerging in the U.S. oil machine. Shale oil’s relentless production growth is easing, with growth next month set to be the weakest since May, according to the Energy Information Administration. Increases in the Permian basin, the largest area, will also be the slowest in nine Read More

Oil steadies near two-month high as U.S. drilling slows down

4 weeks ago DieselGasoil Comments Off on Oil steadies near two-month high as U.S. drilling slows down
By Grant Smith and Robert Tuttle on 1/21/2019 Drilling rig in Bakken shale play. Photo: Marathon. LONDON and CALGARY (Bloomberg) — Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity, while ongoing U.S.-China trade talks left an uncertain outlook for demand. Futures rose 0.2% Monday after surging 3.3% Read More