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Analysis: Chevron vs. Oxy: Who fits Anadarko better?

8 hours ago DieselGasoil Comments Off on Analysis: Chevron vs. Oxy: Who fits Anadarko better?
By World Oil staff on 4/24/2019 HOUSTON — The third and latest offer (this time publicly) on Wednesday by Occidental Petroleum for Anadarko Petroleum has prompted a discussion among analysts as to whether the large independent’s assets are a better fit with Oxy or Chevron. Less than two weeks ago, Chevron announced that it had Read More

Occidental Makes Superior Proposal to Acquire Anadarko

22 hours ago DieselGasoil Comments Off on Occidental Makes Superior Proposal to Acquire Anadarko
$76.00 Per Share Cash and Stock Proposal Represents Premium of Approximately 20% to Current Value of Transaction Accepted by Anadarko Would Create a $100+ Billion Global Energy Leader with over 1.4 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko Shareholders Expected to Be Accretive to Cash Flow and Free Read More

Home market still a dream for African carmakers

2 weeks ago DieselGasoil Comments Off on Home market still a dream for African carmakers
NAIROBI (Reuters) – Since its launch in 2014, Mobius Motors, Kenya’s only home-grown automaker, has only produced around 50 test vehicles. The emblem of Kenyan car maker Mobius is seen on the grill of the Mobius II first generation SUV in the company’s showroom in Nairobi, Kenya March 6, 2019. Picture taken March 6, 2019. Read More

NXT Energy Solutions Announces 2018 Year End Results and Update on $US8.9 Million SFD® Survey

3 weeks ago DieselGasoil Comments Off on NXT Energy Solutions Announces 2018 Year End Results and Update on $US8.9 Million SFD® Survey
CALGARY, Alberta, April 01, 2019 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTC QB: NSFDF) today announced the Company’s financial and operating results for the year ended December 31, 2018.  All dollar amounts herein are in Canadian Dollars. Please see details of the conference call scheduled for 4:30 P.M. EST Read More

Ivory Coast to conclude licensing of six oil blocks by midyear

1 month ago DieselGasoil Comments Off on Ivory Coast to conclude licensing of six oil blocks by midyear
By Leanne de Bassompierre and Paul Burkhardt on 3/25/2019 ABIDJAN and JOHANNESBURG (Bloomberg) — Ivory Coast plans to conclude the licensing of six oil blocks by June as the country seeks to increase crude output amid rising interest from supermajors to explore in West Africa. The government is in talks with French and Italian majors Read More

Eni will plant forests to eliminate CO2 from its oil operations

1 month ago DieselGasoil Comments Off on Eni will plant forests to eliminate CO2 from its oil operations
By Chiara Albanese on 3/15/2019 ROME (Bloomberg) — Eni SpA committed to eliminating all carbon dioxide emissions from its oil and gas exploration and production operations by the end of the next decade, in part by planting forests on a large scale. The Italian giant’s plan, which entails planting 20 million acres of forest in Read More

Petrogress Announces Exclusive Distribution Agreement with Dana Lubes

2 months ago DieselGasoil Comments Off on Petrogress Announces Exclusive Distribution Agreement with Dana Lubes
PIRAEUS, GREECE, March 06, 2019 (GLOBE NEWSWIRE) — Petrogress, Inc. (OTC:PGAS) announces that its Petrogress Int’l, LLC (“PIL”) subsidiary has entered into an Exclusive Distribution Agreement with Dana Lubricants Factory LLC (“Dana Lubes”), a United Arab Emirates based lubricant oil manufacturer. The agreement designates PIL as the exclusive agent for distribution of products manufactured and Read More

Aker Energy announces successful drilling results offshore Ghana

2 months ago DieselGasoil Comments Off on Aker Energy announces successful drilling results offshore Ghana
3/4/2019 FORNEBU, Norway — Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) Block, announces that it encountered oil in the Pecan South-1A well, offshore Ghana. A sidetrack will now be drilled to further appraise the volume potential. The Pecan South-1A well was drilled south of the main Pecan field in Read More

Tullow has appointed Sheila Khama, Genevieve Sangudi as non-executive directors

2 months ago DieselGasoil Comments Off on Tullow has appointed Sheila Khama, Genevieve Sangudi as non-executive directors
2/28/2019 LONDON – Tullow Oil plc is pleased to announce the appointment of Sheila Khama and Genevieve Sangudi as non-executive directors of Tullow with effect from April 26, 2019 following Tullow’s Annual General Meeting (AGM) on April 25, 2019. Both Sheila and Genevieve will stand for re-election to the Board at the 2020 AGM. Separately, Read More