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India to launch first-ever moon lander to study strange ‘large excess of mass’ (PHOTOS)

5 days ago DieselGasoil Comments Off on India to launch first-ever moon lander to study strange ‘large excess of mass’ (PHOTOS)
India is making the final preparations to launch its first-ever lunar lander on Sunday, July 14 as part of the Chandrayaan-2 mission, the country’s most ambitious space project yet. Launched atop India’s most powerful rocket, the Geosynchronous Satellite Launch Vehicle Mark III, the 15-story high, 640-ton booster is scheduled to lift off at 2:51am local Read More

Saudi oil output to remain below 10 mil b/d through August: source

5 days ago DieselGasoil Comments Off on Saudi oil output to remain below 10 mil b/d through August: source
Dubai — Saudi Arabia’s oil production will remain below 10 million b/d through August and its exports will stay under 7 million b/d to avoid excess stock buildup in an oversupplied market, a Saudi oil source said on Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Saudi Arabia, Read More

McDermott wins record EPCI mega-project for Marjan Package 1

6 days ago DieselGasoil Comments Off on McDermott wins record EPCI mega-project for Marjan Package 1
7/10/2019 HOUSTON — McDermott International, Inc., has announced that it has been awarded a contract in excess of $3 billion for Package 1 of Saudi Aramco’s Marjan Increment Development Mega-Project to provide engineering, procurement, construction and installation (EPCI) of the Gas-Oil Separation Plant (GOSP), in a consortium with China Offshore Oil Engineering Company (COOEC). McDermott Read More

Refinery news roundup: Some maintenance in Europe draws to a close

1 week ago DieselGasoil Comments Off on Refinery news roundup: Some maintenance in Europe draws to a close
London — Some of the maintenance works in Europe have been drawing to a close. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Meanwhile, French oil major Total has started up production at its La Mede biodiesel (gasoil) plant in southern France, with the first batches of biofuel coming Read More

InPlay Oil Corp. Provides Operations Update and Announces Renewal of Credit Facilities

1 week ago DieselGasoil Comments Off on InPlay Oil Corp. Provides Operations Update and Announces Renewal of Credit Facilities
CALGARY, Alberta, July 08, 2019 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to provide an operations update and announce that the annual review of its operating and syndicated credit facilities by its lenders has been completed. Production for the second quarter, based on field estimates, is Read More

Fed easing could prompt first China rate cut in four years – analysts

1 week ago DieselGasoil Comments Off on Fed easing could prompt first China rate cut in four years – analysts
SHANGHAI (Reuters) – China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy. FILE PHOTO: A Chinese national flag flutters outside the headquarters of Read More

U.S. Fed easing could prompt first China rate cut in four years – analysts

1 week ago DieselGasoil Comments Off on U.S. Fed easing could prompt first China rate cut in four years – analysts
SHANGHAI (Reuters) – China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy. FILE PHOTO: A Chinese national flag flutters outside the headquarters of Read More

U.S. Fed easing could prompt first China rate cut in four years: analysts

1 week ago DieselGasoil Comments Off on U.S. Fed easing could prompt first China rate cut in four years: analysts
SHANGHAI (Reuters) – China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy. FILE PHOTO: A Chinese national flag flutters outside the headquarters of Read More

N Korea: US ‘hell bent’ on hostility and ‘obsessed with sanctions’

2 weeks ago DieselGasoil Comments Off on N Korea: US ‘hell bent’ on hostility and ‘obsessed with sanctions’
North Korea says the US is “hell bent” on hostile acts and “obsessed with sanctions” – three days after Donald Trump and Kim Jong Un met in what Pyongyang called an “amazing event”. A press statement from Pyongyang’s UN Mission accused the US of trying to exert “overt pressure” and have the world’s nations implement Read More

Analysis: Amid record US crude exports, WTI Midland trades in London MOC

2 weeks ago DieselGasoil Comments Off on Analysis: Amid record US crude exports, WTI Midland trades in London MOC
New York — The development of a more transparent market for growing US crude exports into Europe took a further step forward this week with the first ever trade of a delivered WTI Midland cargo in the Platts Market on Close assessment process. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More