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US shale an ‘unmitigated disaster’ with industry hundreds of billions in debt – shale pioneer

17 hours ago DieselGasoil Comments Off on US shale an ‘unmitigated disaster’ with industry hundreds of billions in debt – shale pioneer
Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, said at a petrochemicals conference Read More

US shale an “unmitigated disaster” with industry hundreds of billions in debt – shale pioneer

18 hours ago DieselGasoil Comments Off on US shale an “unmitigated disaster” with industry hundreds of billions in debt – shale pioneer
Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, said at a petrochemicals conference Read More

HSBC-backed startup aims to become LinkedIn of global trade

21 hours ago DieselGasoil Comments Off on HSBC-backed startup aims to become LinkedIn of global trade
HONG KONG (Reuters) – In a first of its kind initiative, HSBC Holdings Plc is backing the launch of a technology startup that aims to connect small-and-medium-sized manufacturers with component suppliers in different parts of the world as part of its trade banking push. Hong Kong-based Serai, which is a wholly-owned subsidiary of Europe’s biggest Read More

Enpro Subsea, DASS Can-K Pumps partner to provide subsea multi-phase pumping solutions

2 days ago DieselGasoil Comments Off on Enpro Subsea, DASS Can-K Pumps partner to provide subsea multi-phase pumping solutions
6/24/2019 ABERDEEN — Enpro Subsea and DASS Can-K Pumps Inc. today announced a Memorandum of Understanding (MoU), which will leverage each company’s expertise to deliver multi-phase pumping solutions for topside and subsea well boosting. The announcement sees Can-K’s patented Electro Submersible Twin-Screw Multi-phase (ESTSP) pump technology being combined with Enpro’s subsea systems expertise and patented Read More

Monsoon covers half of India, to accelerate crop sowing

2 days ago DieselGasoil Comments Off on Monsoon covers half of India, to accelerate crop sowing
MUMBAI (Reuters) – India’s annual monsoon rains have covered nearly half of the country and conditions are favorable for further advancement into the central and western parts this week, a weather department official said on Monday. The monsoon’s progress will help farmers to accelerate sowing of summer-sown crops, which has been lagging due to a Read More

Oil extends gains on U.S.-Iran tensions

2 days ago DieselGasoil Comments Off on Oil extends gains on U.S.-Iran tensions
LONDON (Reuters) – Oil prices rose on Monday, extending large gains last week that were prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on Tehran. FILE PHOTO: Flames emerge from the flare stacks at the West Qurna-1 oilfield, which is operated by ExxonMobil, near Basra, Iraq Read More

Down the yellow brick road: China buying gold & dumping dollar assets as trade war with US escalates

2 days ago DieselGasoil Comments Off on Down the yellow brick road: China buying gold & dumping dollar assets as trade war with US escalates
Gold prices rallied to six-year highs last week and continued posting gains on Monday at $1,403 per ounce. China boosting its gold stockpile, to shift away from the US dollar, has added to the precious metal’s resurgence. The People’s Bank of China has purchased more than 70 tons of gold since December, according to the Read More

Iran’s parliament approves draft law for new oil, gas condensates refineries

2 days ago DieselGasoil Comments Off on Iran’s parliament approves draft law for new oil, gas condensates refineries
Tehran — Iran’s parliament on Sunday ratified a draft bill allowing private investors to build new oil and gas condensates refineries in the country in a bid to neutralize the US sanctions on the country’s exports of hydrocarbons, the oil ministry’s Shana news service reported. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

U.S. arms makers see booming European demand as threats multiply

2 days ago DieselGasoil Comments Off on U.S. arms makers see booming European demand as threats multiply
PARIS (Reuters) – U.S. arms makers say European demand for fighter jets, missile defenses and other weapons is growing fast amid heightened concerns about Russia and Iran. A Lockheed Martin F-16 fighter of the Belgian Air Force performs at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 22, 2019. Read More

India looks to Russian crude as Iranian imports crash

5 days ago DieselGasoil Comments Off on India looks to Russian crude as Iranian imports crash
India and Russia continue to bolster their energy cooperation, and now India is looking at ways to establish oil shipping routes from Russia’s Far East India’s east coast. During the meeting (between India’s Oil Minister Dharmendra Pradhan with Yury Trutnev, Russia’s Deputy Prime Minister and the Russian president’s top envoy to Russia’s Far East), India and Read More