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Oil struggles to find footing after 7 percent slump, sentiment stays weak

2 hours ago DieselGasoil Comments Off on Oil struggles to find footing after 7 percent slump, sentiment stays weak
SINGAPORE (Reuters) – Oil markets struggled to find their footing on Wednesday after plunging by 7 percent the previous session, with surging supply and the specter of faltering demand keeping investors on edge. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Read More

Bengal Energy Announces Calendar 2019 Development Forecast Highlights and Fiscal 2019 Second Quarter Results

4 hours ago DieselGasoil Comments Off on Bengal Energy Announces Calendar 2019 Development Forecast Highlights and Fiscal 2019 Second Quarter Results
CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) — Bengal Energy Ltd. (TSX: BNG) (“Bengal” or the “Company”) today announces its development program for 2019 and financial results for the second quarter of fiscal 2019 ended September 30, 2018. CALENDAR 2019 DEVELOPMENT FORECAST: 2019 Drilling Program – Bengal and its joint venture partners on the ATP Read More

Zargon Oil & Gas Ltd. Provides 2018 Third Quarter Results

5 hours ago DieselGasoil Comments Off on Zargon Oil & Gas Ltd. Provides 2018 Third Quarter Results
CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX SYMBOLS: ZAR; ZAR.DB.A). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED SEPTEMBER 30, 2018) Funds flow from operating activities of $1.93 million compared to $0.58 million recorded in the prior quarter, and $1.76 million reported in the third quarter Read More

US gives Iraq 45-day sanctions waiver to limit power shortages: State Department

6 hours ago DieselGasoil Comments Off on US gives Iraq 45-day sanctions waiver to limit power shortages: State Department
Washington — The US granted Iraq a 45-day waiver to sanctions on dealing with Iran to allow Baghdad to continue to pay for natural gas and electricity imports in the face of chronic power shortages, especially in the oil-rich province of Basra in the south, Department of State spokeswoman Heather Nauert said Tuesday. Not registered? Read More

Corridor Announces Third Quarter Results and Guidance for Winter 2018/2019

6 hours ago DieselGasoil Comments Off on Corridor Announces Third Quarter Results and Guidance for Winter 2018/2019
HALIFAX, Nova Scotia, Nov. 13, 2018 (GLOBE NEWSWIRE) — (TSX – CDH): Corridor Resources Inc. (“Corridor”) announced today its third quarter financial results. The following table provides a summary of Corridor’s financial and operating results for the three and nine months ended September 30, 2018, with comparisons to the three and nine months ended September Read More

Oil slumps 7 percent to one-year low as rout extends to 12 days

8 hours ago DieselGasoil Comments Off on Oil slumps 7 percent to one-year low as rout extends to 12 days
NEW YORK (Reuters) – Oil’s slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. FILE PHOTO: A general view of the drilling platform, the first out of four oil platforms to be installed at Norway’s giant offshore Read More

Wood awarded multimillion dollar contract extension for Upper Zakum oil field project

8 hours ago DieselGasoil Comments Off on Wood awarded multimillion dollar contract extension for Upper Zakum oil field project
11/13/2018 HOUSTON — Wood has secured a mult-imillion dollar contract extension from ADNOC Offshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC), for services to the the UZ750 mega project offshore Abu Dhabi. The scope of work includes project management consultancy (PMC) services for the development which comprises four new artificial islands and the Read More

Oil slumps 6 percent as rout runs to 12 days on supercharged selling

9 hours ago DieselGasoil Comments Off on Oil slumps 6 percent as rout runs to 12 days on supercharged selling
NEW YORK (Reuters) – Oil’s slide accelerated on Tuesday, with U.S. futures dropping to lows not seen in 11 months due to ongoing worries about weakening global demand, oversupply and selloffs across other asset classes, including equities. FILE PHOTO: A general view of the drilling platform, the first out of four oil platforms to be Read More

Brazil's Senate to vote on transfer-of-rights bill November 27

10 hours ago DieselGasoil Comments Off on Brazil's Senate to vote on transfer-of-rights bill November 27
Rio de Janeiro — Brazil’s Senate will vote November 27 on a bill that would allow state-run oil company Petrobras to sell down its 100% stake in the subsalt transfer-of-rights areas and potentially open the door for an auction to sell development rights to as much as 15 billion barrels of crude, making it one Read More

Chaparral Energy Announces Third Quarter 2018 Financial and Operational Results

14 hours ago DieselGasoil Comments Off on Chaparral Energy Announces Third Quarter 2018 Financial and Operational Results
OKLAHOMA CITY, Nov. 13, 2018 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (NYSE: CHAP) today announced its third quarter 2018 financial and operational results with the filing of its form 10-Q. The company will hold its quarterly financial and operating results conference call this morning, November 13, at 10 a.m. Central. Third Quarter Highlights and Recent Read More