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Greenbelt Resources Corporation Annual CEO Report

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PASO ROBLES, Calif., March 26, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Greenbelt Resources Corporation (OTC: GRCO) (Greenbelt), announces the following annual CEO report to shareholders:    Dear Shareholders: My history has been to modestly and cautiously word our press and CEO reports.  So it may surprise you to have me begin this year’s Read More

U.S. Republicans set 'Green New Deal vote' in bid to divide Democrats

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WASHINGTON (Reuters) – Republican U.S. Senate Majority Leader Mitch McConnell, in a move aimed at dividing Democrats, set a vote for Tuesday on their “Green New Deal” resolution that seeks to cut greenhouse gas emissions by moving off fossil fuels. FILE PHOTO: Senate Majority Leader Mitch McConnell speaks with reporters following a policy luncheon in Read More

Permian region crude oil prices have increased with additional pipeline takeaway capacity

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March 26, 2019 Source: U.S. Energy Information Administration, based on Bloomberg, L.P. Crude oil prices in the Permian region have increased since the beginning of the year as two recent pipeline capacity additions reduced some of the takeaway constraints that developed in the middle of 2018. These transportation constraints had forced producers to use more Read More

Last nail in petrodollar coffin? Gazprom could help Russia shift away from greenback

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Energy giant Gazprom could become the first Russian company to exclude the US dollar from its foreign trade operations. It aims to switch to Russian rubles and other national currencies in payments for energy supplies. Gazprom’s Deputy Chairman Andrey Kruglov told reporters that one of the world’s largest gas companies is already settling contracts in Read More

Extraction Innovations and Best Practices Featured In JISEA-Authored Study

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DENVER, March 26, 2019 (GLOBE NEWSWIRE) — Extraction Oil & Gas (Extraction) (NASDAQ: XOG) features prominently in a new study by the Joint Institute for Strategic Energy Analysis (JISEA), operated by the Alliance for Sustainable Energy, LLC, on behalf of the U.S. Department of Energy’s National Renewable Energy Laboratory, the University of Colorado-Boulder, the Colorado Read More

China boosts coal mining capacity despite climate pledges

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FILE PHOTO: A driver gets off a loading vehicle at local businessman Sun Meng’s small coal depot near a coal mine of the state-owned Longmay Group on the outskirts of Jixi, in Heilongjiang province, China, October 23, 2015. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – China added 194 million tonnes of coal mining capacity in 2018, Read More

China signs multibillion-dollar deal with Airbus in another big blow to Boeing

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China will buy a total of 300 passenger jets from European aircraft maker Airbus as its US rival Boeing struggles in the aftermath of two deadly crashes involving its 737 MAX. The deal was signed during a visit by Chinese President Xi Jinping to France. Beijing’s order includes 290 aircraft from the A320 Family and Read More

Indonesia says low-carbon plan could spur annual GDP growth

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JAKARTA (Reuters) – Indonesia plans to adopt a more sustainable economic development plan from 2020 that could deliver annual GDP growth of 5.6 to 6 percent over the next 25 years, its planning minister said on Tuesday. FILE PHOTO: Heavy traffic is seen on a main toll road as many people leave the city ahead Read More

Stalled Aramco IPO sets back deal-making at U.S. subsidiary Motiva

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HOUSTON (Reuters) – Saudi Aramco’s delayed initial public offering is sidelining grand North American expansion plans at its U.S. Refining subsidiary Motiva Enterprises LLC, people familiar with the matter said, at a time when its rivals grew their market share. FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Read More