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Powerful 7.5 magnitude quake hits Peru-Ecuador border

7 hours ago DieselGasoil Comments Off on Powerful 7.5 magnitude quake hits Peru-Ecuador border
A very powerful magnitude 7.5 earthquake has struck eastern Ecuador close to its border with Peru, officials have said. The US Geological Survey said Friday morning’s quake hit around 17km (10 miles) from the town of Montalvo, Ecuador, at a depth of 132km (182 miles). Most major earthquakes in South America are at shallow depths Read More

ALPHA ENERGY, INC. entered into a Purchase and Sale Agreement with Chicorica, LLC. The Agreement is to acquire oil and gas assets in New Mexico in the Rayado Project.

1 day ago DieselGasoil Comments Off on ALPHA ENERGY, INC. entered into a Purchase and Sale Agreement with Chicorica, LLC. The Agreement is to acquire oil and gas assets in New Mexico in the Rayado Project.
HOUSTON, Feb. 21, 2019 (GLOBE NEWSWIRE) — Alpha Energy, Inc. (OTC.PK – APHE) (“Alpha”) announced today a definitive Purchase and Sale Agreement with Chicorica, LLC, to acquire oil and gas assets in New Mexico in the Rayado Project. Rayado Project The Rayado Project is a conventional exploration prospect in New Mexico targeting a seismically-defined structure. Read More

Australian flooding hits cattle herds, fertilizer output

2 weeks ago DieselGasoil Comments Off on Australian flooding hits cattle herds, fertilizer output
SYDNEY (Reuters) – Australia’s largest fertilizer maker and its biggest listed cattle farmer on Monday warned investors of sizeable losses stemming from floods that engulfed parts of Queensland state, as receding water began to reveal the scale of damage. FILE PHOTO – The Incitec Pivot company fertilizer and explosive chemical plant is pictured at sunset Read More

Africa Oil makes significant discovery, opens South Africa petroleum province

2 weeks ago DieselGasoil Comments Off on Africa Oil makes significant discovery, opens South Africa petroleum province
2/7/2019 VANCOUVER — Africa Oil Corp. has announced a significant discovery at the Brulpadda-1AX well on Block 11B/12B offshore South Africa. Africa Oil holds an indirect interest in the project as a result of its equity interest in Africa Energy (35%) and Impact Oil and Gas (30%).  The well encountered a total of 187 ft Read More

Oarfish washed up in Japan spark fears of natural disaster

3 weeks ago DieselGasoil Comments Off on Oarfish washed up in Japan spark fears of natural disaster
By Alix Culbertson, news reporter Giant deep-sea fish washing up on Japan’s shores has sparked fears of an impending earthquake or tsunami. Three oarfish have been seen over the past week off the north coast of Japan, bringing the total discovered this season to seven. The metres long eel-like fish are considered harbingers of doom Read More

Universal Subsea Inc. has developed biodegradable subsea equipment preservation fluid

3 weeks ago DieselGasoil Comments Off on Universal Subsea Inc. has developed biodegradable subsea equipment preservation fluid
1/31/2019 Defender Stasis LT. Photo: Universal Subsea. HOUSTON — Universal Subsea, Inc. (USI) has introduced a revolutionary, environmentally friendly, subsea equipment preservation fluid for commercial use globally. Defender Stasis LT preservation fluid is a lightweight, nontoxic, biodegradable preservation fluid that provides long-term protection for subsea equipment components and interface profiles. The fluid is compatible with Read More

McDermott awarded EPCI subsea tie-back contract for Stonefly development

4 weeks ago DieselGasoil Comments Off on McDermott awarded EPCI subsea tie-back contract for Stonefly development
1/28/2019 HOUSTON — McDermott International, Inc. has announced a sizeable contract award by LLOG Exploration Company, L.L.C. for deepwater subsea pipeline tiebacks and structures from the Stonefly development to the Ram Powell platform, located approximately 140 mi southeast of New Orleans, La. The scope of work includes project management, installation engineering, subsea structure and spoolbase Read More

Oil pushes higher as Venezuelan crisis threatens crude flows

4 weeks ago DieselGasoil Comments Off on Oil pushes higher as Venezuelan crisis threatens crude flows
By Alex Nussbaum and Grant Smith on 1/25/2019 NEW YORK and LONDON (Bloomberg) — Oil prices moved higher as analysts predicted the mounting political crisis in Venezuela could take a chunk out of global crude flows. Futures rose as much as 1.5% in New York. Venezuela, owner of the world’s biggest oil reserves, could see Read More