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ExxonMobil puts Norwegian business up for sale

7 hours ago DieselGasoil Comments Off on ExxonMobil puts Norwegian business up for sale
London — ExxonMobil is looking at a possible sale of its remaining Norwegian upstream business, comprising minority stakes in 20 producing fields plus numerous license areas, it said Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now A sale would shake out a sizable share of Norwegian production even Read More

Asian sweet crude market weakens for August cycle on poor margins

4 days ago DieselGasoil Comments Off on Asian sweet crude market weakens for August cycle on poor margins
Singapore — Traded differentials for Asian sweet crude grades fell across the board for the August trading cycle, weighed down by greater supply this month and weak demand as refiners cut run rates amid poor refining margins, trade sources said Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

VAALCO Energy, Inc. Announces Stock Repurchase Program

4 days ago DieselGasoil Comments Off on VAALCO Energy, Inc. Announces Stock Repurchase Program
HOUSTON, June 20, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today announced that its Board of Directors has authorized a stock repurchase program under which the Company can repurchase up to $10 million of the currently outstanding shares of the Company’s common stock, over a period of 12 months through open market purchases, Read More

High Arctic Declares Monthly Dividend

5 days ago DieselGasoil Comments Off on High Arctic Declares Monthly Dividend
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, June 19, 2019 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Read More

I was used as human guinea pig, Caster Semenya says

6 days ago DieselGasoil Comments Off on I was used as human guinea pig, Caster Semenya says
Caster Semenya says the global athletics governing body has used her as “a human guinea pig” by forcing her to take medication that would limit her testosterone levels. The double Olympic gold medallist made the comment after the Court of Arbitration for Sports (CAS) released its 163-page report on Tuesday, explaining why it rejected her Read More

Interview: OPEC ‘comfortable’ with $60-$70/b oil: Equatorial Guinea

1 week ago DieselGasoil Comments Off on Interview: OPEC ‘comfortable’ with $60-$70/b oil: Equatorial Guinea
London — OPEC and its oil producer allies are “comfortable” with Brent crude prices in the range of $60-$70/b and continue to target a deal to extend their current production cuts to the end of 2019, the oil minister of OPEC member Equatorial Guinea, Gabriel Mbaga Obiang Lima, said Monday. Not registered? Receive daily email Read More

VAALCO Energy, Inc. Appoints New Chief Accounting Officer and Controller

2 weeks ago DieselGasoil Comments Off on VAALCO Energy, Inc. Appoints New Chief Accounting Officer and Controller
HOUSTON, June 11, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today announced the appointment of Jason Doornik as VAALCO’s Chief Accounting Officer and Controller effective June 6, 2019. Elizabeth Prochnow, the Company’s Chief Financial Officer, will relinquish her prior role as the Chief Accounting Officer and Controller. Mr. Doornik has over 20 years Read More

OPEC crude oil output shrinks in May, as Saudis cut further: S&P Global Platts survey

2 weeks ago DieselGasoil Comments Off on OPEC crude oil output shrinks in May, as Saudis cut further: S&P Global Platts survey
Highlights OPEC pumps 30.09 mil b/d, down 170,000 b/d from Apr Saudi output 9.70 mil b/d, lowest since January 2015 Sanctions-hit Iran at 2.45 mil b/d, near 21-yr low Iraq surges to all-time high of 4.82 mil b/d London — OPEC has so far avoided a bruising intra-bloc market share battle, with top exporter Saudi Read More

China’s Huawei to sell undersea cable business, buyer’s exchange filing shows

3 weeks ago DieselGasoil Comments Off on China’s Huawei to sell undersea cable business, buyer’s exchange filing shows
HONG KONG (Reuters) – Huawei Technologies Co Ltd plans to sell its undersea telecom cable business, showed a buyer’s filing on Monday, in its first major asset sale since the United States ratcheted up accusations of the Chinese firm being a vehicle for espionage. FILE PHOTO: Workers sit at the Huawei stand at the Mobile Read More

Total expects Papua New Guinea to honour LNG deal

3 weeks ago DieselGasoil Comments Off on Total expects Papua New Guinea to honour LNG deal
PARIS (Reuters) – French energy company Total said on Friday that it expected Papua New Guinea’s incoming government to honour a contract signed by the previous administration for a liquefied natural gas project in the South Pacific archipelago. “We note that the new prime minister has indicated that he will honour the contracts that were Read More