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Shell has made a deepwater disciver in the U.S. Gulf of Mexico

8 hours ago DieselGasoil Comments Off on Shell has made a deepwater disciver in the U.S. Gulf of Mexico
4/24/2019 U.S. Gulf of Mexico Map. Photo: Equinor. THE HAGUE — Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has announced a significant discovery at the Blacktip prospect in the deepwater U.S. Gulf of Mexico. Evaluation is ongoing and appraisal planning is underway to further delineate the discovery and define development options. “Blacktip is Read More

Saudis see no need for immediate action on oil market

9 hours ago DieselGasoil Comments Off on Saudis see no need for immediate action on oil market
By Anthony DiPaola, Matthew Martin and Yousef Gamal El-Din on 4/24/2019 DUBAI (Bloomberg) — Saudi Arabia’s energy minister said the world’s biggest oil exporter sees no need to take immediate action in the crude market, signaling a cautious response to the U.S. decision to tighten sanctions on Iran. The kingdom won’t significantly raise output in Read More

Questerre announces proposed private placement

1 day ago DieselGasoil Comments Off on Questerre announces proposed private placement
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, April 23, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it intends to complete a private placement directed towards Norwegian and Read More

Trump’s hardline on Iran catches oil markets off-guard

2 days ago DieselGasoil Comments Off on Trump’s hardline on Iran catches oil markets off-guard
Oil prices spiked on the back of news that the Trump administration would not extend the Iran sanction waivers, a decision that will likely increase oil market volatility. The Washington Post reported on Sunday that the State Department was set to announce a decision against extensions on waivers after the initial six-month period expires. Secretary of State Read More

OPEC+ oil cuts jeoperdized by Iran waiver termination

2 days ago DieselGasoil Comments Off on OPEC+ oil cuts jeoperdized by Iran waiver termination
By Salma El Wardany on 4/22/2019 Photo: Pumpjack in the Middle East. CAIRO (Bloomberg) — As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market. The decision may also jeopardize the deal that OPEC and allied suppliers including Russia reached to limit output Read More

U.S. to end all waivers on imports of Iranian oil, crude price jumps

2 days ago DieselGasoil Comments Off on U.S. to end all waivers on imports of Iranian oil, crude price jumps
WASHINGTON (Reuters) – The United States on Monday demanded that all buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran’s oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch. The Trump administration’s move on Monday not to renew exemptions Read More

PrairieSky Announces 2019 First Quarter Results

2 days ago DieselGasoil Comments Off on PrairieSky Announces 2019 First Quarter Results
CALGARY, Alberta, April 22, 2019 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its first quarter (“Q1 2019“) operating and financial results for the period ended March 31, 2019. PRESIDENT’S MESSAGE  First Quarter 2019 Highlights: • Total revenues of $73.2 million, up 42% from $51.6 million in Read More

American drillers surge, Saudi agrees to steady oil supply after Iran waivers cease

2 days ago DieselGasoil Comments Off on American drillers surge, Saudi agrees to steady oil supply after Iran waivers cease
By Javier Blas, Salma El Wardany, Nayla Razzouk, Rachel Adams-Heard and Stephen Cunningham on 4/22/2019 Photo: XTO. LONDON, CAIRO, DUBAI, HOUSTON and WASHINGTON (Bloomberg) – Some of the biggest beneficiaries of sanctions aimed at crippling Iran are oil companies on the other side of the world. Drillers based in places like Texas, Oklahoma and California Read More

Iran waivers jeoperdize OPEC+ oil cuts

2 days ago DieselGasoil Comments Off on Iran waivers jeoperdize OPEC+ oil cuts
By Salma El Wardany on 4/22/2019 Photo: Pumpjack in the Middle East. CAIRO (Bloomberg) — As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market. The decision may also jeopardize the deal that OPEC and allied suppliers including Russia reached to limit output Read More

No to ‘unilateral sanctions’: Turkey slams US for ending waivers on Iranian oil imports

2 days ago DieselGasoil Comments Off on No to ‘unilateral sanctions’: Turkey slams US for ending waivers on Iranian oil imports
As Washington has renewed its push to bring Iran’s oil exports “to zero” the US decision to lift special sanctions waivers for certain Iranian oil purchasers has drawn the ire of America’s NATO ally – Ankara. Turkey – one of the purchasers of Iranian oil, which had thus far enjoyed an exemption from the US Read More