newszine

Colombian fracking halt does not block ‘investigative’ projects: court

4 days ago DieselGasoil Comments Off on Colombian fracking halt does not block ‘investigative’ projects: court
FILE PHOTO: A wall with the carved phrase that reads “Superior Council of the Judiciary, Council of State” is seen on the facade of the Palace of Justice in Bogota, Colombia September 10, 2019. REUTERS/Luisa Gonzalez BOGOTA (Reuters) – Colombia’s top administrative court on Tuesday clarified that a moratorium on fracking it upheld last week Read More

Analysis: SCOOP/STACK operators scale back rig activity by 40% so far in 2019

1 week ago DieselGasoil Comments Off on Analysis: SCOOP/STACK operators scale back rig activity by 40% so far in 2019
Highlights Producers subject to stricter earthquake rules Production still on track for steady growth Denver — Operators in Oklahoma’s SCOOP/STACK, once one of the hottest US onshore plays outside the Permian, have scaled back on the number of rigs by 40% year to date, while earthquake have caused producers to halt activity in some areas. Read More

Low-cost fracking offers boon to oil producers, headaches for suppliers

1 week ago DieselGasoil Comments Off on Low-cost fracking offers boon to oil producers, headaches for suppliers
SMILEY, Texas (Reuters) – At a dusty drilling site east of San Antonio, shale producer EOG Resources Inc recently completed its latest well using a new technology developed by a small services firm that promises to slash the cost of each by $200,000. The technology, called electric fracking and powered by natural gas from EOG’s Read More

GM recalls 3.5 million U.S. vehicles due to braking issue

2 weeks ago DieselGasoil Comments Off on GM recalls 3.5 million U.S. vehicles due to braking issue
WASHINGTON (Reuters) – General Motors Co said Wednesday it was recalling 3.46 million U.S. pickup trucks and SUVs to address a vacuum pump issue that could make braking more difficult and that has been linked to 113 accidents and 13 injuries. FILE PHOTO: General Motors debuts the new 2019 GMC Sierra pickup truck at the Read More

Covia Closes the Sale of the Winchester and Western Railroad for $105 Million

2 weeks ago DieselGasoil Comments Off on Covia Closes the Sale of the Winchester and Western Railroad for $105 Million
INDEPENDENCE, Ohio, Sept. 11, 2019 (GLOBE NEWSWIRE) — Covia (NYSE:CVIA), a leading provider of mineral-based and material solutions for the Industrial and Energy markets, announced that effective today, it has closed on the sale of the Winchester and Western Railroad to an affiliate of OmniTRAX, Inc. (“OmniTRAX”). Gross proceeds are $105 million in cash, subject Read More

Colombia court maintains moratorium on fracking

2 weeks ago DieselGasoil Comments Off on Colombia court maintains moratorium on fracking
BOGOTA (Reuters) – Colombia’s top administrative court maintained a temporary moratorium on the use of fracking on Tuesday, stymieing potential pilot projects amid ongoing arguments in a wider case regarding the use of the technique to extract oil and gas. A wall with the carved phrase that reads “Superior Council of the Judiciary, Council of Read More

Time between drilling and first production has little effect on oil well production

2 weeks ago DieselGasoil Comments Off on Time between drilling and first production has little effect on oil well production
September 10, 2019 According to North Dakota production data, the length of time that an oil well has been drilled but remains uncompleted—meaning it has not yet started producing—has little effect on its initial production level. Oil wells are sometimes drilled but remain uncompleted for other operational or economic reasons. The North Dakota data provides Read More

UK shale gas driller mulling sale due to fracing challenges

2 weeks ago DieselGasoil Comments Off on UK shale gas driller mulling sale due to fracing challenges
By Kelly Gilblom and Dinesh Nair on 9/9/2019 LONDON (Bloomberg) – Investors backing closely-held Cuadrilla Resources, which pioneered UK shale gas drilling before becoming mired in red tape, are exploring options including an outright sale of the company. Shareholders including private equity firm Riverstone Holdings LLC, which has a direct 45% holding, and Kerogen Capital, Read More

PDC to buy Wattenberg peer SRC Energy for $1.7 billion, bulk up in Colorado shale

4 weeks ago DieselGasoil Comments Off on PDC to buy Wattenberg peer SRC Energy for $1.7 billion, bulk up in Colorado shale
Highlights PDC will become Wattenberg’s second-largest producer Second major consolidation in DJ Basin this year Houston — PDC Energy, a growing operator in two key US unconventional basins, moved to beef up its Wattenberg Field position in Colorado on Monday by agreeing to buy SRC Energy, a pure-play producer in the basin, for $1.7 billion Read More

U.S. business investment appears to struggle in third quarter

4 weeks ago DieselGasoil Comments Off on U.S. business investment appears to struggle in third quarter
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods rose modestly in July while shipments fell by the most in nearly three years, pointing to continued weakness in business investment and a slowdown in economic growth early in the third quarter. Hydraulic valve manufacturer HydraForce Inc. employees work in the firm’s plant in Lincolnshire, Read More