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Oil spills into U.S.-China trade war, prices slump

5 hours ago DieselGasoil Comments Off on Oil spills into U.S.-China trade war, prices slump
NEW YORK (Reuters) – China on Friday said it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global oil demand. Pumpjacks are seen during sunset at the Daqing oil field in Read More

TC Energy’s Keystone XL moves closer to 2020 construction with Nebraska ruling

7 hours ago DieselGasoil Comments Off on TC Energy’s Keystone XL moves closer to 2020 construction with Nebraska ruling
Houston — TC Energy’s hope to start construction on the 830,000 b/d Keystone XL heavy oil pipeline in 2020 took a step forward Friday with a favorable ruling from the Nebraska Supreme Court, one of the final legal obstacles facing the project after US President Trump granted a permit. Not registered? Receive daily email alerts, Read More

New Citgo chief won’t sell out, making debt reduction a top priority

8 hours ago DieselGasoil Comments Off on New Citgo chief won’t sell out, making debt reduction a top priority
By David Wethe and Lucia Kassai on 8/23/2019 HOUSTON (Bloomberg) – Citgo Petroleum isn’t for sale, says the man named the company’s new leader by the opposition to Venezuelan President Nicolas Maduro. His priority moving forward is to prepare for a return to normalcy. “Many challenges” remain at Houston-based Citgo, Carlos Jorda said in his Read More

Billionaire industrialist and conservative donor David Koch dies at age 79

13 hours ago DieselGasoil Comments Off on Billionaire industrialist and conservative donor David Koch dies at age 79
WASHINGTON (Reuters) – Billionaire industrialist David Koch, a driving force behind conglomerate Koch Industries who as one of the world’s richest people became a major financier of conservative causes and political candidates, has died at age 79, his brother said on Friday. FILE PHOTO: Businessman David Koch arrives at the Metropolitan Museum of Art Costume Read More

Enerflex Announces Appointment of Sanjay Bishnoi as Senior Vice President and Chief Financial Officer and David Izett as Senior Vice President, General Counsel

17 hours ago DieselGasoil Comments Off on Enerflex Announces Appointment of Sanjay Bishnoi as Senior Vice President and Chief Financial Officer and David Izett as Senior Vice President, General Counsel
CALGARY, Alberta, Aug. 23, 2019 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX:EFX) (“Enerflex” or the “Company”) announced today the appointment of Sanjay Bishnoi as Senior Vice President and Chief Financial Officer and David H. Izett as Senior Vice President, General Counsel, effective September 9, 2019. Mr. Bishnoi is a proven Chief Financial Officer with over 20 Read More

Trade tariffs seen muting IMO 2020 impact for US refiners

1 day ago DieselGasoil Comments Off on Trade tariffs seen muting IMO 2020 impact for US refiners
New York — Weakening export demand for US-made products is skewing the impact of the change to cleaner ship fuel on US refined products as marine gasoil prices fall and cracks widen ahead of the IMO’s mandated January 1, 2020, deadline to reduce sulfur content to 0.5% from 3.5% . Not registered? Receive daily email Read More

SAExploration Appoints Industry Veteran Michael Faust as Interim President in Addition to Role as Executive Chairman of the Board

1 day ago DieselGasoil Comments Off on SAExploration Appoints Industry Veteran Michael Faust as Interim President in Addition to Role as Executive Chairman of the Board
HOUSTON, Aug. 22, 2019 (GLOBE NEWSWIRE) — SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW) today announced the appointment of industry veteran Michael Faust as interim President of the Company with immediate effect. Additionally, as previously disclosed, Mr. Faust has assumed the role of Executive Chairman of the Board of Directors of SAExploration. Mr. Faust brings Read More

US rig count slips below 1,000 for first time since May 2017

1 day ago DieselGasoil Comments Off on US rig count slips below 1,000 for first time since May 2017
Houston — Rig count at 998 this week, down 9 Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Gas rigs down 6 to 199, lowest level since 2017 Oil rigs, down 3 to 793, also lowest in 2+ years The US oil and gas rig count slipped below 1,000 Read More

NCS Multistage Holdings, Inc. Appoints Valerie Mitchell as New Director

1 day ago DieselGasoil Comments Off on NCS Multistage Holdings, Inc. Appoints Valerie Mitchell as New Director
HOUSTON, Aug. 22, 2019 (GLOBE NEWSWIRE) — NCS Multistage Holdings, Inc. (“NCS” or the “Company”) (NASDAQ:NCSM) announced today that the Board of Directors (the “Board”) has appointed Valerie Mitchell as a new director. Ms. Mitchell, 47, is the Chief Executive Officer and member of the Board of Directors of Corterra Energy, LLC, which she helped Read More

Cuadrilla halts UK frac operation following “micro seismicity”

1 day ago DieselGasoil Comments Off on Cuadrilla halts UK frac operation following “micro seismicity”
8/22/2019 A spokesman for privately-owned British exploration and production company Cuadrilla confirmed that micro seismicity had been detected at its shale gas exploration site at Preston New Road, near Blackpool, Lancashire, England. He added “We can confirm that a micro seismic event measuring 1.55ML (local magnitude) on the Richter scale occurred after we had completed Read More