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BHP CEO staying around to deal with tailings and transformation

5 hours ago DieselGasoil Comments Off on BHP CEO staying around to deal with tailings and transformation
LONDON (Reuters) – The chief executive of mining group BHP has no plans to quit and will focus on the “nuclear level of safety” needed to avoid any repeat of the Vale dam collapse in Brazil, as well as on transforming his own company. FILE PHOTO: BHP Billiton CEO Andrew Mackenzie and Chairman Ken Mackenzie Read More

2 jets from India’s Air Force aerobatics team collide mid-air

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Two aircraft from India Air Force (INF) aerobatics team, known as Surya Kiran (Rays of the Sun), crashed while rehearsing for Aero India Show 2019. The pilots – apparently three in total on both jets – are said to have ejected safely. The ill-fated aircraft crashed near the Yelahanka base, close to the country’s southern city of Read More

2 jets from India’s Air Force aerobatics team collide mid-air – reports

13 hours ago DieselGasoil Comments Off on 2 jets from India’s Air Force aerobatics team collide mid-air – reports
Two aircraft from India Air Force (INF) aerobatics team, known as Surya Kiran (Rays of the Sun), crashed while rehearsing for Aero India Show 2019, local media reports. The pilots – apparently three in total on both jets – are said to have ejected safely. The ill-fated aircraft crashed in the country’s southern state of Read More

Nigeria postpones presidential election at last minute

4 days ago DieselGasoil Comments Off on Nigeria postpones presidential election at last minute
Nigeria’s presidential election has been postponed just hours before polls were due to open. The country’s election commission said it was delaying the vote to 23 February due to unspecified “challenges”, amid reports that voting materials had not been delivered to some areas. The delay is expected to spark anger in Africa’s most populous nation Read More

Buffett's oil bet not only a rallying cry for fracers

4 days ago DieselGasoil Comments Off on Buffett's oil bet not only a rallying cry for fracers
By Liam Denning on 2/15/2019 Photo: Warren Buffett, investor. NEW YORK (Bloomberg Opinion) — Warren Buffett showing up in your share register can be a bittersweet affair. It confers a certain halo around your stock but also brings confirmation that it had gone to a dark place indeed. Such is the way to read Berkshire Hathaway Read More

Oil crash is over, but debt is still piling up in the Gulf

5 days ago DieselGasoil Comments Off on Oil crash is over, but debt is still piling up in the Gulf
By Zainab Fattah on 2/14/2019 NEW YORK (Bloomberg) — The oil crash came and went but the debt pile it left across the Gulf is still growing, leaving the region’s energy-dependent economies more vulnerable next time a crisis strikes. All but debt-free before crude prices nosedived in 2014, many Gulf governments tried to borrow their way Read More

Texas shale forces big oil cost revolution, Chevron CEO says

6 days ago DieselGasoil Comments Off on Texas shale forces big oil cost revolution, Chevron CEO says
By Kevin Crowley on 2/13/2019 HOUSTON (Bloomberg) — For Mike Wirth, the future of Big Oil lies at home, under the dusty fields of West Texas. As he celebrates his first year as chief executive of Chevron Corp., Wirth sees the Permian Basin as a plentiful source of high-quality crude for years to come, but Read More

History made: US national debt tops $22 trillion

7 days ago DieselGasoil Comments Off on History made: US national debt tops $22 trillion
The US national debt has climbed above $22 trillion. It is projected to continue rising by a trillion each year over the next decade, due to the cost of pensions and Medical care for the retiring Baby Boomers. On Tuesday, the US Treasury Department published the daily statement showing outstanding public debt standing at $22.01 Read More

Nantes players wear black kit in Sala tribute

1 week ago DieselGasoil Comments Off on Nantes players wear black kit in Sala tribute
By Adam Arnold, news reporter French football club Nantes have paid tribute to former player Emiliano Sala ahead of their match against Nimes. The 28-year-old, who was at Nantes for four seasons, died last month in a plane crash in the English Channel. Image: Nantes players wore black shirts in memory of Emiliano Sala Image: Read More