energy

Jon Huddleston Promoted to Vice President of Utility Operations

2 hours ago DieselGasoil Comments Off on Jon Huddleston Promoted to Vice President of Utility Operations
PORTLAND, Ore., Feb. 23, 2018 (GLOBE NEWSWIRE) — Northwest Natural Gas Company, dba NW Natural (NYSE:NWN), today announced the promotion of Jon Huddleston to Vice President of Utility Operations, effective March 31, 2018. Huddleston will report to Kim Heiting, who was promoted to Senior Vice President of Utility Operations and Chief Marketing Officer, also effective Read More

Peterson, Port Cameron partner to develop deepwater staging port in Louisiana

2 hours ago DieselGasoil Comments Off on Peterson, Port Cameron partner to develop deepwater staging port in Louisiana
2/23/2018 HOUSTON — Leading international energy logistics provider Peterson has signed a teaming partnership agreement with Port Cameron LLC, to develop a state-of-the-art port and supply base facility in the Gulf of Mexico.  Peterson will provide logistics consultancy services to support the planning and initial development of Port Cameron, a 500-acre deepwater staging port situated Read More

Trump calls meeting on biofuels policy blamed by bankrupt refiner

3 hours ago DieselGasoil Comments Off on Trump calls meeting on biofuels policy blamed by bankrupt refiner
NEW YORK (Reuters) – U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to four sources familiar with the matter. The meeting comes Read More

Norway's wealth fund eyes low-carbon society in energy investments

4 hours ago DieselGasoil Comments Off on Norway's wealth fund eyes low-carbon society in energy investments
OSLO (Reuters) – Norway’s $1 trillion sovereign wealth fund, the world’s largest, will generally shun investments in energy sources such as coal that are unlikely to be needed in a future low-carbon society, it said on Friday. In 2016, the Norwegian parliament mandated the fund, which invests Norway’s revenues from oil and gas production in Read More

LNG rollercoaster seen getting wilder until China builds storage

4 hours ago DieselGasoil Comments Off on LNG rollercoaster seen getting wilder until China builds storage
The rollercoaster that drags liquefied natural gas prices higher as demand jumps in the northern hemisphere winter is going into overdrive. After a winter in which an unexpected boost in demand from China pushed prices to three-year highs, spot LNG in northeast Asia has plummeted about 30% from its mid-January peak. Summer plunges and winter Read More

Exxon, BHP axe lengthy sale of 50-year-old Australian oil fields

4 hours ago DieselGasoil Comments Off on Exxon, BHP axe lengthy sale of 50-year-old Australian oil fields
Two of the world’s biggest energy producers have abandoned the sale of some of Australia’s oldest oil fields after running a 20-month sales process. ExxonMobil Corp. and BHP Billiton Ltd. will retain ownership and operation of fields, licenses and associated infrastructure held in the Gippsland basin Joint Venture after concluding a sale process, Exxon’s Esso Read More

Chesapeake surges as CEO keeps focus on cuts, asset sales

4 hours ago DieselGasoil Comments Off on Chesapeake surges as CEO keeps focus on cuts, asset sales
Chesapeake Energy Corp. shares jumped the most in almost two years, putting it on top of the S&P 500, after the shale explorer pledged to continue its push to cut spending and sell more assets in the year ahead. Chesapeake raised $1.3 billion last year from asset sales and has fired thousands of employees to cope Read More

Jobless Data And Q4 Earnings

5 hours ago DieselGasoil Comments Off on Jobless Data And Q4 Earnings
Shutterstock photo Ahead of today’s opening bell, Initial Jobless Claims results hit the tape, as they do every Thursday morning. And as we’ve seen for the past several weeks – and in broader terms for the past several years – weekly claims numbers keep falling lower. Last week tallied just 222K new claims, a drop Read More

What women really want on the job? Ask oil's only female CEO

5 hours ago DieselGasoil Comments Off on What women really want on the job? Ask oil's only female CEO
By Kevin Crowley on 2/23/2018 HOUSTON (Bloomberg) – Flexible working hours and maternity leave are all well and good, but what women really want is a fair chance to climb the corporate ladder. So says Vicki Hollub, and she would know: In her 35-year career she moved up the ranks at Occidental Petroleum Corp. to Read More