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Man thrashed & killed by mob in India over allegedly hunting peacocks

1 day ago DieselGasoil Comments Off on Man thrashed & killed by mob in India over allegedly hunting peacocks
A man was murdered by a mob in central India after locals suspected him and his associates of killing peacocks. Ten people were booked for murder, while survivors of the hunt face jail for slaying the country’s national birds. The incident occurred outside Lasudiya Atri village located in the central Indian state of Madhya Pradesh Read More

EIA: Summer natural gas prices on track to be the lowest since 1998

3 days ago DieselGasoil Comments Off on EIA: Summer natural gas prices on track to be the lowest since 1998
7/18/2019 WASHINGTON – In its July 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per MMBtu. If realized, this price would be the lowest summer average Henry Hub natural gas price since 1998. EIA expects Read More

Lukewarm interest to Israel’s offshore tender highlights East Med uncertainty

3 days ago DieselGasoil Comments Off on Lukewarm interest to Israel’s offshore tender highlights East Med uncertainty
London — Lower-than-expected interest for Israel’s second offshore licensing round has highlighted some uncertainty in monetizing gas resources from this hotspot region. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Israel’s ministry of energy announced Tuesday that it had received just two bids from international consortia, despite reports that Read More

Summer natural gas prices on track to be the lowest in more than 20 years

4 days ago DieselGasoil Comments Off on Summer natural gas prices on track to be the lowest in more than 20 years
July 18, 2019 In its July 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per million British thermal units (MMBtu). If realized, this price would be the lowest summer average Henry Hub natural gas price Read More

Latest hot spell set to deepen drought pain in France

5 days ago DieselGasoil Comments Off on Latest hot spell set to deepen drought pain in France
PARIS (Reuters) – Hot weather in France next week is expected to prolong drought conditions that have impacted several sectors including nuclear power generation and farming, and led to restrictions on water use in 61 administrative regions. FILE PHOTO: A corn field affected by drought is pictured in Montbert near Nantes, France July 16, 2019. Read More

ABS to class Calm Oceans’ innovative Mono Column jackup

5 days ago DieselGasoil Comments Off on ABS to class Calm Oceans’ innovative Mono Column jackup
7/17/2019 SINGAPORE — ABS will class an innovative new self-elevating platform with a unique triangular mono column design from Calm Oceans Pte Ltd. The Mono-Column Platform-Lite (MCP-Lite), capable of operating in depths of up to 70 m, is equipped with a water injection module. A self-installing, mat-supported jackup, consisting of square hull and trussed column Read More

Fast and lean: How North Sea oil is learning from American shale

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By Eddie Spence on 7/17/2019 LONDON (Bloomberg) –The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea. Motivated by lower crude prices and higher volatility, many companies are favoring smaller and nimbler investments known as “short-cycle projects.” That term — first coined in Read More

Oil extends loss as U.S. and Iran signal return to negotiations

5 days ago DieselGasoil Comments Off on Oil extends loss as U.S. and Iran signal return to negotiations
By Alex Nussbaum and Alex Longley on 7/16/2019 NEW YORK and LONDON (Bloomberg) —Oil extended losses below $60/bbl on the prospect of easing tensions between the U.S. and OPEC member Iran, and as Gulf of Mexico producers began resuming operations after a storm. Futures fell as much as 3.2% in New York on Tuesday, after Read More

Pemex seeks to reverse oil declines, balance budgets

5 days ago DieselGasoil Comments Off on Pemex seeks to reverse oil declines, balance budgets
By Amy Stillman on 7/16/2019 MEXICO CITY (Bloomberg) — Mexico’s Petroleos Mexicanos aims to balance its budget by 2021 and reverse a decade and half of declining crude production as early as next year. Under the presidency of Andres Manuel Lopez Obrador, Pemex will invest 1.95 trillion pesos ($102 billion) by 2024, it said in Read More