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OPEC dithers on a meeting date, even with a solid consensus to continue oil cuts
1 week ago DieselGasoil Comments Off on OPEC dithers on a meeting date, even with a solid consensus to continue oil cuts
Highlights Iran proposes new date of July 10-12 Saudi Arabia to keep production steady Cuts set to expire at end-June London — With less than two weeks before OPEC’s production cuts are set to expire, the producer group and its allies appear no closer to choosing when their next meeting will be. Not registered? Receive Read More
Interview: OPEC ‘comfortable’ with $60-$70/b oil: Equatorial Guinea
1 week ago DieselGasoil Comments Off on Interview: OPEC ‘comfortable’ with $60-$70/b oil: Equatorial Guinea
London — OPEC and its oil producer allies are “comfortable” with Brent crude prices in the range of $60-$70/b and continue to target a deal to extend their current production cuts to the end of 2019, the oil minister of OPEC member Equatorial Guinea, Gabriel Mbaga Obiang Lima, said Monday. Not registered? Receive daily email Read More VAALCO Energy, Inc. Appoints New Chief Accounting Officer and Controller
2 weeks ago DieselGasoil Comments Off on VAALCO Energy, Inc. Appoints New Chief Accounting Officer and Controller
HOUSTON, June 11, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today announced the appointment of Jason Doornik as VAALCO’s Chief Accounting Officer and Controller effective June 6, 2019. Elizabeth Prochnow, the Company’s Chief Financial Officer, will relinquish her prior role as the Chief Accounting Officer and Controller. Mr. Doornik has over 20 years Read MoreAs Gabon’s new forests minister, UK conservationist aims to lead by example
2 weeks ago DieselGasoil Comments Off on As Gabon’s new forests minister, UK conservationist aims to lead by example
DAKAR (Reuters) – Gabon hopes to lead by example in stamping out illegal logging of the world’s tropical hardwoods, a prominent British conservationist said on Tuesday after being named the central African country’s new forests minister. FILE PHOTO: Gabon’s President Ali Bongo Ondimba addresses a meeting on climate change at the 30th Ordinary Session of Read More
OPEC crude oil output shrinks in May, as Saudis cut further: S&P Global Platts survey
2 weeks ago DieselGasoil Comments Off on OPEC crude oil output shrinks in May, as Saudis cut further: S&P Global Platts survey
Highlights OPEC pumps 30.09 mil b/d, down 170,000 b/d from Apr Saudi output 9.70 mil b/d, lowest since January 2015 Sanctions-hit Iran at 2.45 mil b/d, near 21-yr low Iraq surges to all-time high of 4.82 mil b/d London — OPEC has so far avoided a bruising intra-bloc market share battle, with top exporter Saudi Read MoreGabon president fires VP, forests minister over hardwood scandal
1 month ago DieselGasoil Comments Off on Gabon president fires VP, forests minister over hardwood scandal
FILE PHOTO: President Ali Bongo of Gabon addresses an African Union meeting on climate change in Addis Ababa, Ethiopia January 29, 2018. REUTERS/Tiksa Negeri/File Photo LIBREVILLE (Reuters) – Gabon’s President Ali Bongo has fired his vice president and his forests minister, his office said on Wednesday, after hundreds of containers of illegally logged kevazingo wood Read MoreGabon vows no mercy over theft of hardwood worth nearly $250 million
1 month ago DieselGasoil Comments Off on Gabon vows no mercy over theft of hardwood worth nearly $250 million
FILE PHOTO: President Ali Bongo of Gabon addresses an African Union meeting on climate change in Addis Ababa, Ethiopia January 29, 2018. REUTERS/Tiksa Negeri/File Photo LIBREVILLE (Reuters) – Gabon’s president vowed on Monday to find and punish those responsible for the disappearance of over 350 containers of protected hardwood worth nearly $250 million. In late Read More VAALCO Energy, Inc. Announces First Quarter 2019 Results And Plan to Seek Dual Listing of Its Common Stock on the London Stock Exchange
2 months ago DieselGasoil Comments Off on VAALCO Energy, Inc. Announces First Quarter 2019 Results And Plan to Seek Dual Listing of Its Common Stock on the London Stock Exchange
HOUSTON, May 08, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today reported operational and financial results for the first quarter 2019. Highlights and Recent Key Items: Produced 3,496 barrels of oil per day (“BOPD”) net during the first quarter of 2019 which was reduced by approximately 200 BOPD due to a third-party work Read More