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Oil edges up in volatile session but falls for sixth straight week

7 hours ago DieselGasoil Comments Off on Oil edges up in volatile session but falls for sixth straight week
NEW YORK (Reuters) – Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns. FILE PHOTO: A worker checks the valve of an oil pipe at Read More

Alaska nets $29.9 million in North Slope lease sale; Repsol high bidder

8 hours ago DieselGasoil Comments Off on Alaska nets $29.9 million in North Slope lease sale; Repsol high bidder
Anchorage, Alaska — Alaska netted $29.94 million in a North Slope lease sale Thursday, the state said, with Repsol submitting the highest bids and small independents acquiring most of the other the acreage. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Repsol submitted the highest bid of $586/acre on Read More

CNL Announces 2018 Awards of Excellence Winners

9 hours ago DieselGasoil Comments Off on CNL Announces 2018 Awards of Excellence Winners
Technical expertise and innovative approaches to safety recognized at annual awards ceremonyCHALK RIVER, Ontario, Nov. 16, 2018 (GLOBE NEWSWIRE) — Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, is pleased to announce that it celebrated the outstanding achievements of its employees last week during the 2018 CNL Awards of Excellence. Held at Read More

Oil edges up in volatile session but headed for weekly loss

10 hours ago DieselGasoil Comments Off on Oil edges up in volatile session but headed for weekly loss
NEW YORK (Reuters) – Oil traded up slightly in a volatile session on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices were set to for a weekly drop on underlying oversupply worries. FILE PHOTO: A worker checks the valve of an oil Read More

PetroTal announces encreased production from Bretaña field, operations update

12 hours ago DieselGasoil Comments Off on PetroTal announces encreased production from Bretaña field, operations update
11/16/2018 Calgary and Houston — PetroTal Corp. is pleased to announce that it has successfully increased oil production from the Bretaña Norte discovery well at Bretaña field in Block 95, Peru. The company is also pleased to provide a further update on operations at Bretaña as well as selected financial information as of September 30, Read More

Jumbo wins transportation and installation contract for the Leviathan development

13 hours ago DieselGasoil Comments Off on Jumbo wins transportation and installation contract for the Leviathan development
11/16/2018 Photo: Jumbo’s heavy lift crane vessels , and offshore platforms. SCHIEDAM, The Netherlands — Technip is preparing for a project, including a subsea production system connecting high-rate subsea wells to a fixed platform, located approximately 6.21 mi offshore Israel. Technip awarded Jumbo’s offshore division a contract to lower the manifold onto the seabed, at Read More

Analysis: OPEC's production profile has changed, complicating negotiations over oil cuts

14 hours ago DieselGasoil Comments Off on Analysis: OPEC's production profile has changed, complicating negotiations over oil cuts
Dubai — OPEC and its allies have all but decided to cut oil production in 2019 to shore up what they see as a weak market ahead. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Now comes the hard part: negotiating how much to cut, how to allocate quotas, Read More

US continues imports of Russian gas which it insists Europe should stop buying

15 hours ago DieselGasoil Comments Off on US continues imports of Russian gas which it insists Europe should stop buying
Several cargo ships carrying liquefied natural gas (LNG) from Russia’s Yamal LNG plant have arrived in the US, Russia’s Foreign Ministry spokesperson Maria Zakharova announced, highlighting the obvious weirdness of the situation. “Oddly enough, with all this visible public flow of negative rhetoric from Washington, Russian liquefied natural gas is successfully being supplied to the Read More

Oil rises, paring sixth weekly loss on expectation of OPEC cuts

15 hours ago DieselGasoil Comments Off on Oil rises, paring sixth weekly loss on expectation of OPEC cuts
By Tsuyoshi Inajima and Grant Smith on 11/16/2018 TOKYO and LONDON (Bloomberg) — Oil rose, paring a sixth weekly loss, amid growing confidence that OPEC and its partners will reduce production to avert a glut next year.  Futures in New York rose 1.8% Friday, trimming the weekly drop to 4.6%. With OPEC seeing waning demand Read More

Strategic Oil & Gas Ltd. Announces Third Quarter 2018 Financial and Operating Results

16 hours ago DieselGasoil Comments Off on Strategic Oil & Gas Ltd. Announces Third Quarter 2018 Financial and Operating Results
CALGARY, Alberta, Nov. 16, 2018 (GLOBE NEWSWIRE) — Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV: SOG) is pleased to report financial and operating results for the three and nine months ended September 30, 2018. Detailed results and additional information are presented in Strategic’s interim condensed consolidated financial statements and related Management’s Discussion Read More