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BP says biofuel to add to rather than replace gasoline in Brazil

1 min ago DieselGasoil Comments Off on BP says biofuel to add to rather than replace gasoline in Brazil
LONDON (Reuters) – BP (BP.L) does not expect supply from additional biofuel capacity in Brazil – where it is combining its unit with U.S. grain trader Bunge’s (BG.N) – to replace diesel (gasoil) and gasoline demand, BP’s head of Alternative Energy, Dev Sanyal, told Reuters. Through the deal BP will increase its biofuel production to Read More

Bunge and BP team up for Brazil sugar and ethanol venture

1 min ago DieselGasoil Comments Off on Bunge and BP team up for Brazil sugar and ethanol venture
SAO PAULO (Reuters) – U.S. commodities trader Bunge Ltd (BG.N) and British energy company BP Plc (BP.L) said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor. FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Read More

Iran oil stacking up in Chinese ports adds to market uncertainty

2 hours ago DieselGasoil Comments Off on Iran oil stacking up in Chinese ports adds to market uncertainty
7/22/2019 BEIJING -Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer. Two and a half months after the White House banned the purchase of Iran’s oil, the nation’s crude is continuing to be sent to Read More

UK’s Jersey Oil & Gas advances Buchan revamp with new blocks

2 hours ago DieselGasoil Comments Off on UK’s Jersey Oil & Gas advances Buchan revamp with new blocks
Highlights Plan combines Verbier and legacy Buchan field Equinor has option to join in Buchan project First oil output targeted in 2024 London — The UK regulator on Monday awarded independent Jersey Oil & Gas license blocks in the North Sea that could enable a redevelopment of the defunct Buchan oil field and nearby finds. Read More

SRC Energy Announces Second Quarter 2019 Earnings Release Date and Conference Call

2 hours ago DieselGasoil Comments Off on SRC Energy Announces Second Quarter 2019 Earnings Release Date and Conference Call
DENVER, July 22, 2019 (GLOBE NEWSWIRE) — SRC Energy Inc. (NYSE American: SRCI) (“SRC” or the “Company”), an oil and gas exploration and production company focused in the Denver-Julesburg Basin, today announces its second quarter 2019 earnings release date and conference call. Second Quarter 2019 Earnings Release and Conference CallSRC plans to issue its first Read More

Oil prices rise more than 1% after Iran seizes British tanker

3 hours ago DieselGasoil Comments Off on Oil prices rise more than 1% after Iran seizes British tanker
LONDON (Reuters) – Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo Brent crude futures climbed 79 cents, or Read More

TerraForm Power to Acquire Large-Scale U.S. Distributed Generation Platform

4 hours ago DieselGasoil Comments Off on TerraForm Power to Acquire Large-Scale U.S. Distributed Generation Platform
Investment Highlights Acquisition is expected to add ~320 megawatts of distributed generation assets in 20 states and in the District of Columbia Expected to grow TerraForm Power’s distributed generation portfolio to ~750 megawatts, making it one of the largest distributed generation businesses in the United States Portfolio consists of recently constructed assets that have an Read More

Stocks struggle, oil jumps on Middle East tensions

4 hours ago DieselGasoil Comments Off on Stocks struggle, oil jumps on Middle East tensions
LONDON (Reuters) – European stocks lingered on Monday, hamstrung by dialled-down expectations for a larger U.S. rate cut this month, while escalating tensions in the Middle East boosted oil prices and rising fears for a no-deal Brexit haunted the pound. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange Read More

Oil rises more than 2% after Iran seizes British tanker

6 hours ago DieselGasoil Comments Off on Oil rises more than 2% after Iran seizes British tanker
LONDON (Reuters) – Oil prices rose more than 2% on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo Brent crude futures climbed Read More

Europe stocks gain; oil jumps on Middle East tensions

6 hours ago DieselGasoil Comments Off on Europe stocks gain; oil jumps on Middle East tensions
LONDON (Reuters) – European stocks struggled higher on Monday, shrugging off dialed-down expectations for a big U.S. rate cut this month, while escalating tensions in the Middle East boosted safe-haven assets and oil prices. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 19, 2019. Read More