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Noble Energy announces 2018 results, provides 2019 guidance
2 days ago DieselGasoil Comments Off on Noble Energy announces 2018 results, provides 2019 guidance
2/19/2019 Photo: Noble Energy Chairman and CEO Dave Stover. HOUSTON — Noble Energy, Inc. has announced fourth quarter and full-year 2018 financial and operating results. In addition, the company will be focused on delivering sustainable organic free cash flow in 2020 and beyond. Fourth quarter highlights Organic capital expenditures funded by Noble Energy totaled $643 Read More
Shrinking demand may necessitate OPEC production cut extension
1 week ago DieselGasoil Comments Off on Shrinking demand may necessitate OPEC production cut extension
By Julian Lee on 2/14/2019 LONDON (Bloomberg) — Even as OPEC begin implementing the output cuts they agreed in December, the world’s crude requirements are shrinking further, suggesting that they will need to extend the deal through the second half of the year. The latest forecasts from supply-and-demand studies of the oil industry’s most-watched organizations Read More VAALCO Energy Announces 76% Increase in Proved Reserves at Year-End 2018 and a 2019 Drilling Program to Include Up to Three Development Wells Funded With Cash on Hand and Cash From Operations
1 week ago DieselGasoil Comments Off on VAALCO Energy Announces 76% Increase in Proved Reserves at Year-End 2018 and a 2019 Drilling Program to Include Up to Three Development Wells Funded With Cash on Hand and Cash From Operations
HOUSTON, Feb. 11, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today announced 2018 year-end reserves and plans for drilling in 2019. Highlights Produced an average of 3,750 barrels of oil per day (“BOPD”) net in 2018 and sold 1.44 million barrels of oil (“MMBO”) net to the Company in 2018 Increased year-end proved Read More
How Donald Trump plays havoc with OPEC policy
3 weeks ago DieselGasoil Comments Off on How Donald Trump plays havoc with OPEC policy
By Julian Lee, bloomberg on 2/3/2019 NEW YORK (Bloomberg Opinion) — If timing is everything, why does OPEC seem to keep getting it so wrong? The group’s 2019 oil output cuts got off to a flying start in January and they’re going to get bigger, just as U.S. sanctions on Venezuela start to bite. The Read More RoyalGate Energy extends license in Equatorial Guinea
3 weeks ago DieselGasoil Comments Off on RoyalGate Energy extends license in Equatorial Guinea
1/28/2019 HOUSTON — The company plans to drill in Block Z; Equatorial Guinea’s block Z holds an estimated 3.6 Tcf of gas; RoyalGate is also interested in Angola’s marginal field licensing round. African independent RoyalGate Energy has been granted an extension on its Block Z license in Equatorial Guinea, with plans to commence drilling as Read More