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Angola to offer 10 frontier offshore blocks in new license round

5 days 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

Apple, Goldman Sachs start issuing Apple Cards to consumers

2 weeks ago DieselGasoil Comments Off on Apple, Goldman Sachs start issuing Apple Cards to consumers
(Reuters) – Apple Inc and Goldman Sachs Group Inc rolled out a virtual credit card on Tuesday, which will help the iPhone maker diversify from device sales and also build out the Wall Street bank’s new consumer business. With the card, Apple aims to draw in iPhone owners with 2% cash back on purchases with Read More

Brazil’s Petrobras slashes 2019 investment budget to $10 billion-$11 billion

2 weeks ago DieselGasoil Comments Off on Brazil’s Petrobras slashes 2019 investment budget to $10 billion-$11 billion
Rio de Janeiro — Brazilian state-led oil producer and refiner Petrobras will cut spending by more than 30% in 2019 as the company adjusts the way it accounts for field unitizations, adapts to a weaker Real-dollar exchange rate and delays drilling activity after problems ramping up floating production units, executives said Friday. Not registered? Receive Read More

Upcoming license rounds show great promise for Brazil, says ANP’s Kury

3 weeks ago DieselGasoil Comments Off on Upcoming license rounds show great promise for Brazil, says ANP’s Kury
8/1/2019 HOUSTON – Recent resumption of exploration programs puts Brazil on track to be one of the world’s leading oil producers over the next 10 years, said Felipe Kury, director of Brazil’s National Petroleum, Natural Gas and Biofuels Agency. The challenge “is to have this plurality of actors and various environments,” said Kury. For him, Read More

Laredo Petroleum Announces 2019 Second-Quarter Financial and Operating Results

3 weeks ago DieselGasoil Comments Off on Laredo Petroleum Announces 2019 Second-Quarter Financial and Operating Results
TULSA, OK, July 31, 2019 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”) today announced its 2019 second-quarter results, reporting net income attributable to common stockholders of $173.4 million, or $0.75 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the second quarter of 2019 was $55.5 million, or Read More

Transocean Ltd. Reports Second Quarter 2019 Results

3 weeks ago DieselGasoil Comments Off on Transocean Ltd. Reports Second Quarter 2019 Results
Total contract drilling revenues were $758 million (total adjusted contract drilling revenues of $805 million), compared with $754 million in the first quarter of 2019 (total adjusted contract drilling revenues of $799 million); Revenue efficiency(1) was 97.8%, compared with 97.9% in the prior quarter; Operating and maintenance expense was $510 million, compared with $508 million in the prior period; Net loss Read More

JP Morgan, Barclays, RBS among big banks facing UK class action over Forex rigging

3 weeks ago DieselGasoil Comments Off on JP Morgan, Barclays, RBS among big banks facing UK class action over Forex rigging
Major global banks including Barclays, JP Morgan, RBS, UBS, and Citigroup are being sued by investors over allegations they rigged the global foreign exchange (Forex) market. According to US law firm Scott + Scott, the claim which is estimated to be worth more than £1 billion (US$1.24 billion), was filed at the Competition Appeal Tribunal Read More

Australian regulator moves to prescribe stricter terms for executive pay

4 weeks ago DieselGasoil Comments Off on Australian regulator moves to prescribe stricter terms for executive pay
SYDNEY (Reuters) – Australia’s prudential regulator on Tuesday said it intends to prescribe stricter terms on executive pay policies of the country’s large banks, retirement funds and insurers as it seeks to enhance accountability in the financial sector. FILE PHOTO: A woman carries a shopping bag as she walks with other pedestrians along a street Read More

Australian financial watchdog moves to prescribe stricter terms for executive pay

4 weeks ago DieselGasoil Comments Off on Australian financial watchdog moves to prescribe stricter terms for executive pay
SYDNEY (Reuters) – Australia’s prudential regulator on Tuesday said it intends to prescribe stricter terms on executive pay policies of the country’s large banks, retirement funds and insurers as it seeks to enhance accountability in the financial sector. FILE PHOTO: A woman carries a shopping bag as she walks with other pedestrians along a street Read More

Dominican Republic touts first-ever oil and gas bidding round

1 month ago DieselGasoil Comments Off on Dominican Republic touts first-ever oil and gas bidding round
Highlights Total 14 blocks on offer: 10 onshore, four offshore Operators can nominate other acreage areas if desired Testing indicated both heavy and light oil and also gas Houston — The Dominican Republic is embarking on its first oil and gas licensing round for a mix of onshore and offshore blocks, hoping to lure a Read More