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Nigeria's state oil company seeks $4.1 billion to lift output

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By Elisha Bala-Gbogbo on 1/20/2019 Photo: Egina field, Total. ABUJA, Nigeria (Bloomberg) — Nigeria’s state-owned oil company said it’s in talks with financiers to raise as much as $4.1 billion and will seek to sign service deals to increase production from three leases. The Nigerian National Petroleum Corp., or NNPC, is in discussions with Lagos-based Read More

Brazil agriculture minister wants to open indigenous land to commercial farming

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BRASILIA (Reuters) – Brazil should open indigenous land to commercial farming, Agriculture Minister Tereza Cristina Dias said on Friday, while also seeking to soften many of President Jair Bolsonaro’s controversial stances on native people and the environment. FILE PHOTO: Chief Joao Ponce (C), head of the Uirapuru indigenous community, walks along a corn field near Read More

Drought, animal disease threaten South African farmers

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JOHANNESBURG (Reuters) – South African grain and red meat farmers are bracing for hard times after dry weather conditions and an outbreak of the highly contagious foot and mouth disease suspended meat exports, officials said on Friday. FILE PHOTO: Cattle graze on a barren and parched land at a field in Hoopstad, a maize-producing district Read More

After billion-barrel bonanza, BP goes global with seismic tech

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LONDON (Reuters) – Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil. BP’s Wolfspar seismic source device is pictured at Mad Dog oil field in the deepwater Gulf of Mexico, January 19, Read More

In 5G play, Vodafone and IBM link up cloud systems for business

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FRANKFURT (Reuters) – Vodafone is teaming up with IBM to offer businesses a way to link different cloud computing systems to support the next wave of digital advances, such as machine learning, on super-fast fifth-generation telecoms networks. FILE PHOTO: Logos of 5G technology and telecommunications company Vodafone are pictured at the 5G Mobility Lab of Read More

Ultra Petroleum Corp. Announces Favorable Opinion for Company on Make-Whole Litigation Appeal

3 days ago DieselGasoil Comments Off on Ultra Petroleum Corp. Announces Favorable Opinion for Company on Make-Whole Litigation Appeal
ENGLEWOOD, Colo., Jan. 17, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (NASDAQ: UPL) announces that earlier today, the U.S. Court of Appeals for the Fifth Circuit delivered a favorable opinion in the appeal proceedings by Ultra Petroleum about the make-whole claims that had been asserted against the Company. This is Read More

US will 'quit all treaties' & 'make militarization of space inevitable' with new Trump doctrine

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President Donald Trump’s promise to be “far worse than anybody, if need be” by developing space weapon tech “faster than the rest of the world” will spark a new arms race without ensuring US safety, says leading Russian expert. “The militarization of space is inevitable, and the United States will quit any relevant non-proliferation treaty Read More

Pragma's Downhole Steam Injection Valve takes next step towards North Sea reality

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1/17/2019 Concept image: Pragma’s Downhole Steam Injection Valve. ABERDEEN — Aberdeen-based oil and gas production technology business, Pragma Well Technology, has been given the green light by Pharis Energy and OGTC to progress with the manufacture and prototype testing of their Downhole Steam Injection Valve (DSIV) following a successful feasibility study. Using advanced materials, detailed Read More

Why a Libyan oilfield grab could be a boon or bane for exports

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By Salma El Wardany on 1/17/2019 CAIRO (Bloomberg) — Forces loyal to Libya’s eastern leader Khalifa Haftar have swept into the country’s lawless and oil-rich southern region to expel militants and secure energy facilities. The operation, if successful, could put Haftar in control of most of Libya’s oil fields and help rejuvenate exports from OPEC’s Read More

Dutch citizens demand end to quake-hit Groningen gas production

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THE HAGUE (Reuters) – Angry Dutch citizens on Thursday will ask their country’s highest court to put an immediate end to gas production in the Groningen region due to the risk of life-endangering earthquakes. Decades of extraction from what once was Europe’s largest natural gas field have led to dozens of minor tremors every year, Read More