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As bond e-trading takes off, debt sales business may be ripe for automation

14 hours ago DieselGasoil Comments Off on As bond e-trading takes off, debt sales business may be ripe for automation
LONDON (Reuters) – With banks’ bond trading desks increasingly going electronic, another of the last bastions of old-school banking – the business of helping companies and countries raise capital – may be about to succumb to the tide of technology. FILE PHOTO: People walk through the Canary Wharf financial district of London, Britain, December 7, Read More

Schlumberger open-sources data ecosystem, contributing to industrywide data development

16 hours ago DieselGasoil Comments Off on Schlumberger open-sources data ecosystem, contributing to industrywide data development
8/23/2019 LONDON – Schlumberger announced that it will open-source its data ecosystem, and contribute to The Open Group Open Subsurface Data Universe™ (OSDU) Forum to accelerate the delivery of the OSDU Data Platform. Schlumberger’s data ecosystem is based on core components of the DELFI cognitive E&P environment. Oil and gas companies will be able to Read More

Texas shale towns grapple with growth as oil-bust fears fade

3 days ago DieselGasoil Comments Off on Texas shale towns grapple with growth as oil-bust fears fade
ODESSA, TEXAS (Reuters) – In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow. FILE PHOTO: A sign soliciting applicants is seen outside of a truck stop in Midland, Texas, U.S., Read More

Chinese CNPC-led group discovers new oil field in South Sudan: minister

4 days ago DieselGasoil Comments Off on Chinese CNPC-led group discovers new oil field in South Sudan: minister
Highlights Melut Basin finds holds 300 million barrels New discovery in Block 3 near border with Ethiopia Kampala — A consortium led by China’s state-run CNPC has made a new oil discovery in South Sudan’s northeastern Upper Nile state with more than 300 million barrels of recoverable oil, the country’s oil minister Awow Daniel Chuang Read More

Refinery news roundup: Africa launches come into focus

1 week ago DieselGasoil Comments Off on Refinery news roundup: Africa launches come into focus
London — News has emerged about new launches in Africa. Separately, Engen’s refinery in Durban is facing “some challenges” in production and hence will not be able offer bunker fuel in the spot market until the end of September, sources said. The refinery was “highly unlikely” to resume offering until the end of September, which Read More

MODEC issues $1.1 billion in bonds to refinance FPSO in Brazil

1 week ago DieselGasoil Comments Off on MODEC issues $1.1 billion in bonds to refinance FPSO in Brazil
8/15/2019 TOKYO – MODEC announced that an affiliate has issued a project bond in the international capital markets outside Japan to refinance an FPSO chartered to the TUPI consortium led by Petrobras in Brazil, with the aim of strategically diversifying its financing sources for MODEC’s entire FPSO charter business. FPSO Cidade de Mangaratiba MV24 In Read More

W&T believes still sizable upside left in US Gulf of Mexico Mahogany Field

1 week ago DieselGasoil Comments Off on W&T believes still sizable upside left in US Gulf of Mexico Mahogany Field
Denver — Sees 100 million barrels of additional reserves Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Field production is currently 15,500 boe/d Will close soon on ExxonMobil’s Mobile Bay assets Pure-play US Gulf of Mexico operator W&T Offshore believes it has a lot more proved reserves at its Read More

New Republic of Congo oil discovery could be game changer: minister

1 week ago DieselGasoil Comments Off on New Republic of Congo oil discovery could be game changer: minister
Highlights Delta de le Cuvette block could produce 983,000 b/d Production currently averages 350,000 b/d London — A new giant oil find in the onshore blocks of the Republic of Congo could help take its oil output to new heights and make it a significant crude producer in Africa, oil minister Jean-Marc Tchicaya told S&P Read More

AMS plans rival takeover bid for Germany’s Osram

2 weeks ago DieselGasoil Comments Off on AMS plans rival takeover bid for Germany’s Osram
FILE PHOTO: CEO of lamp manufacturer Osram Olaf Berlien poses during the opening of the company ‘World of light’ showroom in Munich, Germany, October 24, 2017. REUTERS/Michaela Rehle/File Photo VIENNA (Reuters) – Apple supplier AMS AG (AMS.S) on Sunday said it plans to make an all-cash takeover bid for German lighting group Osram (OSRn.DE), offering Read More