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McDermott to explore sale of Lummus Technology unit; shares jump 50%

8 hours ago DieselGasoil Comments Off on McDermott to explore sale of Lummus Technology unit; shares jump 50%
By Simon Casey on 9/20/2019 NEW YORK (Bloomberg) – McDermott International, the energy industry contractor whose bonds and shares plunged this week, said it’s weighing the sale of its Lummus Technology business after getting approaches that valued the unit at more than $2.5 billion. The shares soared. The company also said Friday that it continues Read More

Special Report: The three young women racing to defuse a climate-change bomb

11 hours ago DieselGasoil Comments Off on Special Report: The three young women racing to defuse a climate-change bomb
OVER THE NORWEGIAN SEA, Norway(Reuters) – Banking hard over the whitecaps off the west coast of Norway, the jetliner flying Dominika Pasternak and her fellow scientists descends so sharply that it seems for a moment as if the crew is about to ditch them all in the drink. FILE PHOTO: Kathryn Bennett, a postgraduate student Read More

Oil set for biggest weekly gain since January after Saudi attack

12 hours ago DieselGasoil Comments Off on Oil set for biggest weekly gain since January after Saudi attack
By Grant Smith on 9/20/2019 LONDON (Bloomberg) – Oil was on track for its biggest weekly increase since January as traders waited to see whether Saudi Arabia can fulfill promises to swiftly repair a critical processing facility attacked last weekend. The world’s biggest crude exporter has vowed to restore its Abqaiq plant this month after Read More

India says it meets ‘developing country’ criteria in bid to reclaim US trade concessions

1 day ago DieselGasoil Comments Off on India says it meets ‘developing country’ criteria in bid to reclaim US trade concessions
India’s foreign secretary says his country meets the criteria for a developing country, calling on Washington to backtrack on its decision to withdraw trade concessions. “Generalized System of Preferences is a unilateral decision, given by countries to other countries based on certain criteria. We are a developing country, we meet those criteria,” Vijay Gokhale Read More

Talos Energy strikes Gulf of Mexico deals with BP, ExxonMobil

1 day ago DieselGasoil Comments Off on Talos Energy strikes Gulf of Mexico deals with BP, ExxonMobil
9/19/2019 HOUSTON – Talos Energy has entered into two separate agreements with BP and Exxon Mobil related to new exploration opportunities in the U.S. Gulf of Mexico. The Company will work with BP to drill and evaluate the Puma West prospect, located in Talos-owned Green Canyon Block 821, in the fourth quarter of 2019. Additionally, Read More

Fed cuts rates again, gives mixed signals for next move

2 days ago DieselGasoil Comments Off on Fed cuts rates again, gives mixed signals for next move
NEW YORK (Reuters) – The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next. HIGHLIGHTS: ** Fed cuts target interest rate 25 Read More

Instant view: Fed cuts rates again, gives mixed signals for next move

2 days ago DieselGasoil Comments Off on Instant view: Fed cuts rates again, gives mixed signals for next move
NEW YORK (Reuters) – The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next. HIGHLIGHTS: ** Fed cuts target interest rate 25 Read More

Shell, BP join collaboration studying methane emissions from natural gas

2 days ago DieselGasoil Comments Off on Shell, BP join collaboration studying methane emissions from natural gas
9/18/2019 DES PLAINES, IL – Shell and BP recently joined the Collaboratory for Advancing Methane Science (CAMS), an industry-led consortium helping the natural gas and oil industry continue to improve its environmental performance. Working to deliver transparent data to evaluate the most effective methane emissions reduction strategies, CAMS was established by leading industry companies Cheniere, Read More

Analysis: Vietnam turns to US crude as Middle East jitters raise energy security concerns

3 days ago DieselGasoil Comments Off on Analysis: Vietnam turns to US crude as Middle East jitters raise energy security concerns
Highlights BSR to buy 2 mil barrels of WTI Midland crude for Q4 delivery Light sweet Nigerian Bonny Light crude also on shopping list Government removes import tax on crude oil Singapore — Vietnam is feeling the pressure to secure adequate crude supply as geopolitical tensions in the Middle East continue to raise Asia’s energy Read More

Investors turn heat on Big Oil ahead of U.N. climate summit

3 days ago DieselGasoil Comments Off on Investors turn heat on Big Oil ahead of U.N. climate summit
LONDON (Reuters) – Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Wednesday ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change. FILE PHOTO: Vapor is released into the sky at a refinery in Wilmington, California March 24, 2012. REUTERS/Bret Read More