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Iran hunts for more ships to keep its oil flowing

6 days ago DieselGasoil Comments Off on Iran hunts for more ships to keep its oil flowing
LONDON/DUBAI (Reuters) – Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as U.S. sanctions start to bite, Iranian and Western sources said. FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian Read More

Gran Tierra Energy Inc. Announces New-Country Entry into Ecuador

6 days ago DieselGasoil Comments Off on Gran Tierra Energy Inc. Announces New-Country Entry into Ecuador
CALGARY, Alberta, March 12, 2019 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce that, based on preliminary results, the Company has made a new-country entry into Ecuador through the submission of winning bids for a total of three blocks, which were offered by the Ministerio Read More

DTEK Oil and Gas wins Ukraine’s first open auction for subsurface exploration permit

1 week ago DieselGasoil Comments Off on DTEK Oil and Gas wins Ukraine’s first open auction for subsurface exploration permit
3/11/2019 KYIV — Oil Gas Systems, LLC – a subsidiary of DTEK Oil & Gas – has purchased the special permit for subsurface exploration of the Svitankovo-Lohivskyi license site in eastern Ukraine for UAH 85 million ($3.17 million) at open auction. Organized by the State Geological Service of Ukraine, the auction was the first one Read More

Shale on brink of MandA as oil majors flex muscles in Permian

1 week ago DieselGasoil Comments Off on Shale on brink of MandA as oil majors flex muscles in Permian
By Kevin Crowley on 3/11/2019 HOUSTON (Bloomberg) — Cowboy boots and turquoise belt buckles are giving way to smart suits and silk ties as the world’s biggest shale oil field prepares for mergers. As oil executives from across the world gather in Houston for the annual CERAWeek by IHS Markit conference, the Permian basin in Read More

Berlin backs Deutsche Bank merger despite risk of shortfall: sources

1 week ago DieselGasoil Comments Off on Berlin backs Deutsche Bank merger despite risk of shortfall: sources
FRANKFURT (Reuters) – Berlin is so worried about the Health of Deutsche Bank that it pushed for a merger with rival Commerzbank even though it could open up a huge financial shortfall, a German official told Reuters. FILE PHOTO: Christian Sewing, CEO of Deutsche Bank AG, addresses the media during the bank’s annual news conference Read More

Shell V.P. tells attendees that companies must share data, cooperate more

2 weeks ago DieselGasoil Comments Off on Shell V.P. tells attendees that companies must share data, cooperate more
By Kurt Abraham, Editor-in-Chief on 3/6/2019 THE HAGUE — It’s hard to say whether Mike Dewitt, Shell V.P. for Wells, Upstream Operated, intended to shake up his audience in The Hague, the Netherlands on Tuesday morning, but that was the result of his speech, nonetheless. Addressing attendees of the annual SPE-IADC International Drilling Conference, Dewitt Read More

VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2018 Results

2 weeks ago DieselGasoil Comments Off on VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2018 Results
HOUSTON, March 06, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today reported operational and financial results for the fourth quarter and full year of 2018. Highlights and Recent Key Items: Established a long-term time horizon for continued growth in Gabon by extending the Etame Marin Production Sharing Contract (“PSC”) for up to 20 Read More

Petrobras Posts $6.84 billion net income in 2018

2 weeks ago DieselGasoil Comments Off on Petrobras Posts $6.84 billion net income in 2018
3/3/2019 RIO DE JANEIRO — Petrobras posted $6.84 billion (R$25.8 billion) net income in 2018. The first positive annual result in five years is also the highest since 2011. The company posted two financial records: Adjusted EBITDA of $30.44 billion) R$ 114.9 billion and, for the fourth year in a row, a positive free cash Read More

Wells Fargo talking to Justice Department, securities regulators about sales practice queries

3 weeks ago DieselGasoil Comments Off on Wells Fargo talking to Justice Department, securities regulators about sales practice queries
A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake NEW YORK (Reuters) – Wells Fargo & Co is engaged in preliminary exploratory resolution discussions with the U.S. Department of Justice and the U.S. Securities and Exchange Commission about inquiries into its sales practices, the bank said Read More