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UK oil & gas production up 20% since 2014

3 hours ago DieselGasoil Comments Off on UK oil & gas production up 20% since 2014
Despite its notoriety as a legacy producing region, the UK’s continental shelf yielded 20 percent more oil and gas in the last five years after 14 consecutive years of production declines. The figure for 2018 was 1.7 million barrels of oil equivalent daily and it covered 59 percent of the country’s oil and gas demand, Read More

Wall Street Week Ahead: Doubts increase that first quarter will be earnings low point

11 hours ago DieselGasoil Comments Off on Wall Street Week Ahead: Doubts increase that first quarter will be earnings low point
NEW YORK (Reuters) – As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. REUTERS/Brendan McDermid In Read More

Tenaris to acquire IPSCO Tubulars from TMK $1.2 billion

15 hours ago DieselGasoil Comments Off on Tenaris to acquire IPSCO Tubulars from TMK $1.2 billion
3/22/2019 LUXEMBOURG — Tenaris S.A. has announced that it has entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipe, 100% of the shares of its wholly owned U.S. subsidiary IPSCO Tubulars, Inc., for $1,209 million, on a cash-free, debt-free basis, which includes $270 million of working Read More

‘Like Netanyahu’s spokesman’: What is behind Trump’s call to recognize Golan Heights as Israeli

15 hours ago DieselGasoil Comments Off on ‘Like Netanyahu’s spokesman’: What is behind Trump’s call to recognize Golan Heights as Israeli
Washington seems to be eager to once again blatantly violate international law, only to allegedly rig polls in another state in favor of one man – the Israeli prime minister, analysts believe. US President Donald Trump has once again baffled the world with a tweet – this time by calling on the US to “fully Read More

Yield curve inverts for first time since 2007 on global growth worries

16 hours ago DieselGasoil Comments Off on Yield curve inverts for first time since 2007 on global growth worries
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. markets received a clear warning of coming recession on Friday when the spread between yields on three-month Treasury bills and 10-year notes fell below zero for the first time Read More

Cholera cases reported as hunger, disease stalk African cyclone survivors

18 hours ago DieselGasoil Comments Off on Cholera cases reported as hunger, disease stalk African cyclone survivors
BEIRA, Mozambique (Reuters) – Cholera cases were reported on Friday in the Mozambican city of Beira, adding a risk of deadly illnesses for hundreds of thousands of people who are scrambling for shelter, food and water after catastrophic flooding in southern Africa. Locals look on after Cyclone Idai in Buzi district outside Beira, Mozambique, March Read More

Watches of Switzerland has further U.S. acquisitions in its sights

20 hours ago DieselGasoil Comments Off on Watches of Switzerland has further U.S. acquisitions in its sights
BASEL, Switzerland (Reuters) – Watches of Switzerland expects to make further acquisitions in the United States, which it first entered in 2017 with the purchase of jeweler Mayors, its chief executive told Reuters. FILE PHOTO: Rolex Datejust watches are displayed at the Baselworld Watch and Jewellery Show in Basel, Switzerland March 22, 2017. Picture taken Read More

CNOOC reports 2018 reserves, producton, profit increase

21 hours ago DieselGasoil Comments Off on CNOOC reports 2018 reserves, producton, profit increase
3/22/2019 Photo: CNOOC. HONG KONG — CNOOC Limited has announced its 2018 annual results for the year ended December 31, 2018. In 2018, CNOOC Limited expanded its oil and gas reserves and production at a steady pace, strengthened its cost control and achieved remarkable results. Total net oil and gas production of the company achieved Read More

Hunger, disease stalk Africa cyclone survivors, U.N. sees 1.7 million affected

21 hours ago DieselGasoil Comments Off on Hunger, disease stalk Africa cyclone survivors, U.N. sees 1.7 million affected
BEIRA, Mozambique (Reuters) – Hundreds of thousands of people scrambled for shelter, food and water across a swathe of southern Africa on Friday after a cyclone killed hundreds and swept away homes and roads, testing relief efforts for survivors facing a growing risk of cholera. A girl stops to look as a man walks past Read More

Just business: British & US investors gobble up Russian government bonds

22 hours ago DieselGasoil Comments Off on Just business: British & US investors gobble up Russian government bonds
Most Russian state-issued bonds were purchased by investors from Britain, the US and the European Union, according to Andrey Solovyev, global head of debt and capital markets at VTB Capital which ran the placement. Russia’s Finance Ministry raised €750 million in a top-up issue of an existing euro-denominated Eurobond and $3 billion in a new Read More