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Brazil should end subsalt production-sharing regime: Petrobras CEO

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Rio de Janeiro — Brazil should end the use of its production-sharing regime for developing oil and natural gas reserves in the country’s subsalt frontier in a move that could unlock additional growth for Latin America’s biggest producer, Petrobras CEO Roberto Castello Branco said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Precision Announces Reduced 2019 Capital Expenditure Plan and Board Approval of Normal Course Issuer Bid

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CALGARY, Alberta, Aug. 19, 2019 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later Read More

Frac companies get fresh hope UK government will loosen rules

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By Timothy Abington and Jeremy Hodges on 8/16/2019 LONDON (Bloomberg) – A change of British government has given the much-maligned fracing industry another opportunity to make out its case for stimulating the controversial technique to tap unconventional natural gas reserves. Prime Minister Boris Johnson and his new business minister, Andrea Leadsom, have come out in Read More

Refinery news roundup: Africa launches come into focus

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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

Argentina delays price freeze as oil sector warns of hit to investment, output

5 days ago DieselGasoil Comments Off on Argentina delays price freeze as oil sector warns of hit to investment, output
Buenos Aires — Argentina’s Energy Secretariat has delayed the enforcement of a 90-day freeze on diesel (gasoil) and gasoline prices that President Mauricio Macri proposed Wednesday, a move seen as appeasing the concerns of oil companies that it could slow drilling activity and production growth. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Ryanair expects minimal disruption from planned strikes

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DUBLIN (Reuters) – Ryanair (RYA.I) expects minimal cancellations with affected passengers flying out at different times if pilots in Britain and Ireland go ahead with a two-day strike next week, the airline’s chief people officer said on Thursday. FILE PHOTO: Passengers board a Ryanair flight at the airport in Gdansk, Poland, June 19, 2019. REUTERS/Kevin Read More

Boeing delays delivery of ultra-long-range version of 777X

6 days ago DieselGasoil Comments Off on Boeing delays delivery of ultra-long-range version of 777X
SAN FRANCISCO/SINGAPORE (Reuters) – Boeing Co (BA.N) has pushed back the entry into service of an ultra-long-range version of its forthcoming 777X widebody, the U.S. planemaker said on Wednesday, the latest fallout from an ongoing crisis surrounding its 737 MAX jet. FILE PHOTO: A large 777X banner is seen hanging over the Boeing 777X Final Read More

Landsnet´s result for the period 1 January – 30 June 2019

6 days ago DieselGasoil Comments Off on Landsnet´s result for the period 1 January – 30 June 2019
Landsnet maintains its strong position Landsnet’s interim financial statement for the January-June, 2019 period was published today. The company’s performance is in line with expectations. Guðmundur Ingi Ásmundsson CEO: “The company’s position is strong, its equity position is good and company performance remains solid. Investments are lower than projected in the first half of the Read More

One year after Genoa tragedy: Are Europe’s bridges any safer?

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Italy is commemorating one year since the Morandi Bridge in Genoa collapsed and killed 43 people. The incident raised many questions about the crumbling European infrastructure, but did it spur swift action? Millions of people cross them without thought every single day, but there are tens of thousands of bridges in Europe that have been Read More