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Eni boosts Egypt output to 350,000 boe/d, adding new discoveries

11 hours ago DieselGasoil Comments Off on Eni boosts Egypt output to 350,000 boe/d, adding new discoveries
Highlights Eni Egyptian output rises 30% from 2018 Gas field production boosting LNG exports Boasts discoveries in all oil and gas provinces London — Italy’s Eni started production Tuesday from a recent oil find in Egypt’s Western Desert and announced several new oil and gas discoveries, saying it has raised its Egyptian production by around Read More

American Airlines-Qantas joint venture wins final U.S. approval

4 days ago DieselGasoil Comments Off on American Airlines-Qantas joint venture wins final U.S. approval
WASHINGTON (Reuters) – The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc (AAL.O) and Qantas Airways Ltd (QAN.AX) final approval to operate a joint venture after a prior effort was rejected in 2016. FILE PHOTO: An American Airlines airplane sits on the tarmac at LAX in Los Angeles, California, U.S., March Read More

AmEx warns of higher costs as it boosts rewards program, shares fall

4 days ago DieselGasoil Comments Off on AmEx warns of higher costs as it boosts rewards program, shares fall
(Reuters) – American Express Co (AXP.N) warned of higher operating costs this year as the credit card issuer spends heavily on rewards programs to attract customers in an increasingly crowded market, sending its shares down 2.5% on Friday. FILE PHOTO: American Express logo and trading symbol are displayed on a screen at the New York Read More

Trump meets with airline CEOs over Qatar subsidy accusations

5 days ago DieselGasoil Comments Off on Trump meets with airline CEOs over Qatar subsidy accusations
WASHINGTON (Reuters) – U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States. FILE PHOTO: A Qatar Airways Boeing 787-8 Dreamliner airplane is pictured at Leonardo da Vinci-Fiumicino Airport in Rome, Read More

Trump to meet with airline CEOs on Qatar flights

5 days ago DieselGasoil Comments Off on Trump to meet with airline CEOs on Qatar flights
FILE PHOTO: U.S. President Donald Trump speaks to reporters after arriving at Pitt-Greenville Airport before heading to a campaign rally at Williams Arena in Greenville, North Carolina, U.S., July 17, 2019. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – U.S. President Donald Trump planned to meet on Thursday with the chief executives of major American airlines and Qatar Read More

United tops profit estimates as MAX woes prompt higher fares in robust travel market

1 week ago DieselGasoil Comments Off on United tops profit estimates as MAX woes prompt higher fares in robust travel market
(Reuters) – United Airlines Holdings Inc (UAL.O) on Tuesday reported a bigger-than-expected increase in second-quarter profit, driven by strong air travel demand and the ability to charge more for seats after the grounding of Boeing Co’s (BA.N) 737 MAX reduced capacity. FILE PHOTO: United Airlines first new livery Boeing 737-800 sits at a gate after Read More

ADM Energy appoints new CEO

1 week ago DieselGasoil Comments Off on ADM Energy appoints new CEO
7/15/2019 LONDON — ADM Energy, an oil and gas investing company quoted on AIM, has announced the appointment of Osamede Okhomina as Chief Executive Officer with immediate effect. Osamede Okhomina, CEO, ADM Energy. The appointment further strengthens the executive team and Board for the next phase of the Company’s development and follows the non-Board appointment Read More

China plans to toughen emission checks on steel mills

2 weeks ago DieselGasoil Comments Off on China plans to toughen emission checks on steel mills
BEIJING (Reuters) – China will continue to enforce production restrictions in heavy industry in winter this year and will tighten its emission assessment on steel mills when granting exemptions from curbs already in place, an environment ministry official said on Saturday. FILE PHOTO: A worker is seen at the workshop of a steel mill in Read More

Tropical Storm Barry lands first blow on coastal Louisiana, New Orleans hunkers down

2 weeks ago DieselGasoil Comments Off on Tropical Storm Barry lands first blow on coastal Louisiana, New Orleans hunkers down
NEW ORLEANS (Reuters) – Coastal Louisiana felt the first blow from Tropical Storm Barry’s winds early on Friday as the slow-moving tempest was forecast to become the first Atlantic hurricane of 2019 threatening to bring rain and flooding to New Orleans later in the day. A view of downtown New Orleans pictured with the Mississippi Read More

Tropical storm races toward Louisiana, curbing oil output

2 weeks ago DieselGasoil Comments Off on Tropical storm races toward Louisiana, curbing oil output
By Brian K. Sullivan on 7/11/2019 BOSTON (Bloomberg) — Tropical Storm Barry is barreling toward Louisiana and could hit the coastline as a hurricane by Saturday, causing close to $1 billion in damage and worsening flooding in New Orleans. The system, which was about 90 mi (145 km) south of the Mississippi River’s mouth as Read More