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Analysis: DME Oman benchmark move backfires as open interest stalls

1 day ago DieselGasoil Comments Off on Analysis: DME Oman benchmark move backfires as open interest stalls
Highlights Questions about underlying appeal of DME Oman as a benchmark Open interest on DME Oman forward curve has flat-lined Scratch trades underpinning DME Oman volumes, say traders London — Almost a year since Saudi Arabia picked Dubai Mercantile Exchange’s Oman benchmark to help set official selling prices for crude in Asia, open interest in Read More

Pulse Seismic Inc. Reports Q2 2019 Results

2 days ago DieselGasoil Comments Off on Pulse Seismic Inc. Reports Q2 2019 Results
CALGARY, Alberta, July 18, 2019 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or “the Company”) is pleased to report its financial and operating results for the three and six months ended June 30, 2019. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR (www.sedar.com) and will Read More

Turkey scoffs at EU rebuke, vows to keep drilling off Cyprus

4 days ago DieselGasoil Comments Off on Turkey scoffs at EU rebuke, vows to keep drilling off Cyprus
By Selcan Hacaoglu on 7/16/2019 ANKARA (Bloomberg) –Turkey rebuffed a set of punitive measures by the European Union and vowed to go ahead with its energy exploration in the eastern Mediterranean in a growing dispute with EU member Cyprus. EU foreign ministers on Monday agreed to freeze most high-level contacts with Turkey and cut the Read More

EIA expects U.S. energy-related CO2 emissions to fall in 2019

5 days ago DieselGasoil Comments Off on EIA expects U.S. energy-related CO2 emissions to fall in 2019
July 15, 2019 After a 2.7% increase in U.S. energy-related carbon dioxide (CO2) emissions in 2018, EIA’s July Short-Term Energy Outlook (STEO) forecasts a 2.2% decrease in CO2 emissions for 2019. Nearly all of the forecast decrease is due to fewer emissions from coal consumption. Forecast natural gas CO2 emissions increase and petroleum CO2 emissions Read More

Norwegian Petroleum Directorate reports high activity in the first six months of the year

6 days ago DieselGasoil Comments Off on Norwegian Petroleum Directorate reports high activity in the first six months of the year
7/14/2019 STAVANGER — Production on the Norwegian shelf is holding steady at a high level. Many projects are in the development or planning phases. Many exploration wells are being drilled. There have been few discoveries in the first half of the year. Total petroleum production in the first half of 2019 is about 109,6 million Read More

Volkswagen zooms ahead in extension of alliance with Ford to electric, automated cars

1 week ago DieselGasoil Comments Off on Volkswagen zooms ahead in extension of alliance with Ford to electric, automated cars
, NEW YORK (Reuters) – Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs while positioning VW as the initial winner. How soon those investments will pay for themselves is an open Read More

Ford, Volkswagen extend multibillion-dollar alliance to electric, automated cars

1 week ago DieselGasoil Comments Off on Ford, Volkswagen extend multibillion-dollar alliance to electric, automated cars
(Reuters) – Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs. Ford President and CEO Jim Hackett (R) and Volkswagen AG CEO Dr. Herbert Diess attend a news conference in New York Read More

Volkswagen to contribute $2.6 billion to Ford’s autonomous venture: source

1 week ago DieselGasoil Comments Off on Volkswagen to contribute $2.6 billion to Ford’s autonomous venture: source
HAMBURG (Reuters) – Carmaker Volkswagen (VOWG_p.DE) will inject $1 billion in capital and $1.6 billion worth of assets into Ford’s (F.N) self-driving unit, a source close to the matter said on Friday, as the two carmakers deepen a global alliance to share costs. FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance Read More

Volkswagen to inject $2.6 billion into Ford unit Argo AI: source

1 week ago DieselGasoil Comments Off on Volkswagen to inject $2.6 billion into Ford unit Argo AI: source
FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance of a showroom in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo HAMBURG (Reuters) – Carmaker Volkswagen (VOWG_p.DE) will inject $2.6 billion into Ford’s (F.N) self-driving unit Argo AI at an overall valuation of $7 billion in the deal, a source close to Read More

Delphi Energy Corp. Announces Extension of Credit Facility

1 week ago DieselGasoil Comments Off on Delphi Energy Corp. Announces Extension of Credit Facility
CALGARY, Alberta, July 11, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that the annual borrowing base redetermination of its senior credit facility has been finalized. The amended credit facility has a borrowing base of $100.0 million reducing to $90.0 million upon the earlier of September 30, 2019 and the completion Read More