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Senex Energy completes initial flow test of Gemba-1, in the Cooper basin

1 hour ago DieselGasoil Comments Off on Senex Energy completes initial flow test of Gemba-1, in the Cooper basin
12/18/2018 BRISBANE — Senex Energy Ltd. has successfully completed the initial flow test of the Gemba-1 gas exploration well in the Cooper basin, with stabilized flow rates of approximately 8 MMscfd, plus associated liquids. Senex Managing Director and CEO Ian Davies said: “Senex is delivering on its strategy to become a material supplier of gas Read More

Oil drops on oversupply, equities sell-off

2 hours ago DieselGasoil Comments Off on Oil drops on oversupply, equities sell-off
LONDON (Reuters) – Oil prices fell on Tuesday after reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in stock markets as the outlook for global growth deteriorated. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. Read More

Gemini Midstream Announces New Partnership Focused on Providing Transport Solution for East Texas Haynesville Development

3 hours ago DieselGasoil Comments Off on Gemini Midstream Announces New Partnership Focused on Providing Transport Solution for East Texas Haynesville Development
HOUSTON, Dec. 18, 2018 (GLOBE NEWSWIRE) — Gemini Midstream Holdings, LLC and its affiliates (“Gemini” or the “Company”) today announced the development of the Gemini Carthage Pipeline, a new natural gas system in Harrison and Panola Counties, Texas, capable of delivering in excess of 1.2 billion cubic feet per day of high pressure, dry natural Read More

Oil drops 4 percent on oversupply, equities sell-off

7 hours ago DieselGasoil Comments Off on Oil drops 4 percent on oversupply, equities sell-off
LONDON (Reuters) – Oil prices fell 4 percent on Tuesday, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global stock markets. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August Read More

Japan to get first aircraft carriers since World War II as part of record $242bn defense plan

8 hours ago DieselGasoil Comments Off on Japan to get first aircraft carriers since World War II as part of record $242bn defense plan
For the first time since World War II, Japan is seeking aircraft carriers to counter what it says is a growing threat from China. Tokyo also wants to purchase over 100 F-35s as part of a staggering $242-billion defense plan. Japan will spend the hefty sum on top-notch equipment between now and 2024, according to Read More

Oil prices drop for third session as oversupply worries drag

9 hours ago DieselGasoil Comments Off on Oil prices drop for third session as oversupply worries drag
SINGAPORE (Reuters) – Oil prices fell more than $1 on Tuesday, dropping for a third session as reports of growing inventory and forecasts of record shale output in the United States stoked worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Read More

Asia shares sink as global growth worries deepen

10 hours ago DieselGasoil Comments Off on Asia shares sink as global growth worries deepen
TOKYO (Reuters) – Asian share markets sank on Tuesday as heightened worries about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13, 2018. REUTERS/Toru Hanai MSCI’s broadest Read More

Companies in England to pay packaging waste costs under new proposals

16 hours ago DieselGasoil Comments Off on Companies in England to pay packaging waste costs under new proposals
LONDON (Reuters) – Companies and factories in England will have a legal obligation to foot the bill for the disposal or recycling of waste packaging they produce under new plans by Britain’s environment minister. FILE PHOTO: Plastic bottles and containers are seen in a domestic recycling bin in Manchester, Britain, November 20, 2018. REUTERS/Phil Noble/File Read More

Oracle sees strong third quarter on cloud strength, share rise

17 hours ago DieselGasoil Comments Off on Oracle sees strong third quarter on cloud strength, share rise
(Reuters) – Oracle Corp on Monday forecast current-quarter profit above estimates after growth in its cloud services and license support unit helped the business software maker surpass Wall Street expectations for the second quarter. FILE PHOTO: People gather prior to the start of a keynote speech at the All Things Oracle OpenWorld Summit in San Read More