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China aims to relocate 80% of toxic chemical producers after blast: report

9 hours ago DieselGasoil Comments Off on China aims to relocate 80% of toxic chemical producers after blast: report
FILE PHOTO: Rescue workers are seen at the site at the pesticide plant owned by Tianjiayi Chemical following an explosion, in Xiangshui county, Yancheng, Jiangsu province, China March 23, 2019. REUTERS/Aly Song SHANGHAI (Reuters) – China aims to relocate more than 80% of its hazardous chemical production capacity by the end of next year, state Read More

A pollution crackdown compounds slowdown woes in China’s heartland

13 hours ago DieselGasoil Comments Off on A pollution crackdown compounds slowdown woes in China’s heartland
ANYANG/SANGPO, China (Reuters) – For years, China’s industrial heartland has been cloaked in smog, its waterways choked with pollution pumped from enormous clusters of factories churning out the mountains of cement and steel needed to build the Chinese economy. A poster showing Chinese President Xi Jinping is seen in front of the Xinyuan Steel plant Read More

US rig count adds nine on week, despite Permian drop: Platts Analytics

18 hours ago DieselGasoil Comments Off on US rig count adds nine on week, despite Permian drop: Platts Analytics
Denver — Permian sheds seven rigs Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Gas production slowing in Appalachia, Haynesville US oil and natural gas rigs totaled 1,074 for the week ended May 22, according to data by S&P Global Platts Analytics. This represents a net increase of nine Read More

Oil spiraled to its worst daily performance of 2019 as trade turmoil swamps confidence

18 hours ago DieselGasoil Comments Off on Oil spiraled to its worst daily performance of 2019 as trade turmoil swamps confidence
By Alex Nussbaum and Grant Smith on 5/23/2019 NEW YORK (Bloomberg) — Futures in New York fell almost 6% on Thursday for the steepest decline since Dec. 24. Equity markets also slumped, with six of every seven companies in the S&P 500 Index dropping after China assailed American sanctions and U.S. lawmakers proposed a ban Read More

Exclusive: Chile’s Codelco set for copper output hit as key mine goes underground

1 day ago DieselGasoil Comments Off on Exclusive: Chile’s Codelco set for copper output hit as key mine goes underground
SANTIAGO (Reuters) – Codelco’s giant Chuquicamata mine is set for a 40% drop in production over the next two years, an internal forecast seen by Reuters shows, pointing to the sharp challenge facing the world’s top copper miner as it scrambles to maintain output. FILE PHOTO: A dump truck carries copper ore out of Chuquicamata Read More

Suncor Energy announces $750 million medium term note offering

2 days ago DieselGasoil Comments Off on Suncor Energy announces $750 million medium term note offering
All financial figures are in Canadian dollars. CALGARY, Alberta, May 22, 2019 (GLOBE NEWSWIRE) — Suncor announced today that it will issue $750 million of senior unsecured Series 6 Medium Term Notes due on May 24, 2029 (the “Notes”). The Notes will have a coupon of 3.10% and have been priced at $99.761 per $100 Read More

Pemex to press on with aggressive upstream program, add 70,000 b/d of oil output by year end

2 days ago DieselGasoil Comments Off on Pemex to press on with aggressive upstream program, add 70,000 b/d of oil output by year end
Highlights Pemex expects to add 320,000 b/d from 20 new fields by end of 2021 Company aims to develop 20-40 new fields every year Program to have a major focus exploring southern Mexico’s foothill potential London — Norway’s oil production slid further in April, by 1.4% from March levels and 7.5% from a year earlier, Read More

Norway oil output slips again as industry difficulties mount

2 days ago DieselGasoil Comments Off on Norway oil output slips again as industry difficulties mount
London — Norway’s oil production slid further in April, by 1.4% from March levels and 7.5% from a year earlier, to 1.73 million b/d, according to official statistics published Wednesday, as the industry grapples with technical problems and errors in its Arctic expansion. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Is Soros-linked Avaaz group a credible source on fake news? Mainstream media seems to think so

2 days ago DieselGasoil Comments Off on Is Soros-linked Avaaz group a credible source on fake news? Mainstream media seems to think so
Mainstream news outlets have eagerly reported on a study by the Avaaz campaign group, claiming far-right disinformation groups have been spreading fake news in the lead up to EU elections — but is the group all that it seems? The Avaaz network bills itself as social action group bringing “people-powered politics to decision-making everywhere” and Read More

Norwegian production figures show decrease in condensate

2 days ago DieselGasoil Comments Off on Norwegian production figures show decrease in condensate
5/22/2019 Photo: Norwegian production, April 2019. STAVANGER — Preliminary production figures for April 2019 show an average daily production of 1,729,000 bbl of oil, NGL and condensate, which is a decrease of 24,000 bpd compared to March. Total gas sales were 10.2 billion Sm3 (GSm3), which is a decrease of 0.6 GSm3 from the previous Read More