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The Open Group launches the Open Subsurface Data Universe Forum

2 days ago DieselGasoil Comments Off on The Open Group launches the Open Subsurface Data Universe Forum
3/21/2019 SAN FRANCISCO — The Open Group, the vendor-neutral technology consortium, has announced the launch of the Open Subsurface Data Universe (OSDU) Forum, a Forum of The Open Group. This Forum will be focused on developing a standard data platform – initially for the oil and gas industry – that will bring together exploration, development, Read More

Lyft to launch road show for up to $2 billion IPO: sources

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(Reuters) – Ride-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to people familiar with the matter. FILE PHOTO: An electric scooter from the ride sharing company Lyft is Read More

BMW, Varta apply for funds in battery cell push for e-cars

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HAMBURG/BERLIN (Reuters) – Luxury carmaker BMW and Germany’s Varta have both applied for state funding aimed at supporting battery cell production for electric vehicles, they said on Friday, hitting a deadline set by the German government. FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris, Read More

BMW applies for funds for battery cell research: spokesman

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FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis Duvignau HAMBURG (Reuters) – German luxury carmaker BMW has applied for state funding of research and development in the field of battery cells, a spokesman said on Friday, adding this does Read More

Lukoil reaches another milestone at Vladimir Filanovsky field

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3/14/2019 MOSCOW — Lukoil has reached another milestone with 10 million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CPC) system. LUKOIL constructed a system of subsea and onshore pipelines to ship oil ashore. Before oil enters the CPC system and goes on for export, it is delivered to Read More

Eni reports major oil discovery offshore Angola

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3/13/2019 MILAN — Eni announces a major oil discovery in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water. The new discovery is estimated to contain between 450 and 650 MMbbl of light oil in place with further upside. The Agogo-1 NFW well, which has led to the discovery, is located approximately 180 Read More

Indonesia NGO appeals ruling on China-funded dam in endangered orangutan habitat

1 week ago DieselGasoil Comments Off on Indonesia NGO appeals ruling on China-funded dam in endangered orangutan habitat
JAKARTA (Reuters) – Indonesia’s biggest non-government environmental group on Wednesday launched a fresh legal bid to stop the construction of a controversial China-funded dam that some experts warn will destroy the habitat of a unique species of orangutans. The $1.5 billion hydro dam is being built by a Chinese-Indonesian consortium in the heart of the Read More

Insurers face large claims after second Boeing 737 MAX crash

2 weeks ago DieselGasoil Comments Off on Insurers face large claims after second Boeing 737 MAX crash
(Reuters) – Boeing Co’s insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said. Relatives and friends of Sara Gebremichael, 38, a senior hostess and a crew leader on Read More

Exclusive: Saudi court approves detained tycoon Sanea's bankruptcy filing

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DUBAI/RIYADH (Reuters) – A Saudi court has approved an application by detained and indebted billionaire Maan al-Sanea and his company, Saad, to have their case resolved through the kingdom’s new bankruptcy law, the company’s financial adviser and two sources familiar with the matter told Reuters. People gather as Saudi authorities auction vehicles and other possessions Read More

Congo lost $617 million dispute before approving oil deal

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By William Clowes on 3/7/2019 KINSHASA (Bloomberg) — An international court ordered the Democratic Republic of Congo to pay DIG Oil Ltd of South Africa $617 million for failing to honor two oil contracts, weeks before outgoing President Joseph Kabila finally approved one of the deals.  The previously undisclosed ruling is the latest twist in Read More