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Venezuela to ditch Visa & Mastercard by early 2020 – reports

26 mins ago DieselGasoil Comments Off on Venezuela to ditch Visa & Mastercard by early 2020 – reports
The central bank of Venezuela will develop an independent national payment system to get rid of international giants Visa and Mastercard in response to US sanctions, according to local media citing the regulator. The document, which also separately mentions multi-national debit card service Maestro owned by Mastercard, orders a suspension of debit card operations starting Read More

Vale’s Gongo Soco mine dam has up to 15% chance of bursting: Brazil official

9 hours ago DieselGasoil Comments Off on Vale’s Gongo Soco mine dam has up to 15% chance of bursting: Brazil official
SAO PAULO (Reuters) – Brazilian miner Vale’s tailings dam in the town of Barao de Cocais in Minas Gerais has up to a 15% chance of breaking, the state’s environment secretary said on Monday. FILE PHOTO: A view of the Gongo Soco mine operated by Vale SA that was evacuated, in Barao de Cocais, Brazil Read More

Legg Mason names Trian’s Peltz, Garden to board

11 hours ago DieselGasoil Comments Off on Legg Mason names Trian’s Peltz, Garden to board
FILE PHOTO: Nelson Peltz founding partner of Trian Fund Management LP. speak at the WSJD Live conference in Laguna Beach, California October 25, 2016. REUTERS/Mike Blake (Reuters) – Legg Mason Inc said on Monday it had appointed Trian Fund Management LP’s Nelson Peltz and Ed Garden as directors, raising the size of its board to Read More

ISRAMCO, INC. ENTERS INTO DEFINITIVE MERGER AGREEMENT; TRANSACTION WOULD RESULT IN COMPANY GOING PRIVATE

12 hours ago DieselGasoil Comments Off on ISRAMCO, INC. ENTERS INTO DEFINITIVE MERGER AGREEMENT; TRANSACTION WOULD RESULT IN COMPANY GOING PRIVATE
HOUSTON, TX, May 20, 2019 (GLOBE NEWSWIRE) — Isramco, Inc. (NASDAQ CM: ISRL) (the “Company,” “Isramco,” “we” or “our”) announced today that it has signed a definitive merger agreement with Naphtha Israel Petroleum Corporation Ltd. (“Naphtha”), Naphtha Holding Ltd. (“NHL”), I.O.C. – Israel Oil Company, LTD. (“IOC”) and Naphtha US Oil, Inc. (each a wholly Read More

US’s moves against Huawei will spur on new tech development in China

14 hours ago DieselGasoil Comments Off on US’s moves against Huawei will spur on new tech development in China
Under pressure from the US government, Google suspended its product-sharing agreements and licenses with Chinese communications giant Huawei. But how badly will the move affect Huawei and what could it do to retaliate? The Trump administration last week banned US companies from selling to Huawei without a government license, significantly upping the ante in the Read More

U.S. District Court Confirms Arbitration Award in favor of Vantage Drilling and Denies Petrobras’s motion to Vacate the Award

21 hours ago DieselGasoil Comments Off on U.S. District Court Confirms Arbitration Award in favor of Vantage Drilling and Denies Petrobras’s motion to Vacate the Award
HOUSTON, May 20, 2019 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) announced today that U.S. District Court Judge Alfred H. Bennett of the Southern District of Texas granted Vantage Deepwater Company’s and Vantage Deepwater Drilling, Inc.’s petition to confirm its international arbitration award against Petroleo Brasileiro S.A. (“Petrobras”) and its subsidiaries Petrobras Read More

Gulfport Energy Corporation Selects Patrick K. Craine as General Counsel and Corporate Secretary

21 hours ago DieselGasoil Comments Off on Gulfport Energy Corporation Selects Patrick K. Craine as General Counsel and Corporate Secretary
OKLAHOMA CITY, May 20, 2019 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) announced today that Patrick K. Craine has joined the Company as General Counsel and Corporate Secretary reporting to David M. Wood, President and Chief Executive Officer. Mr. Craine has over 20 years of extensive senior-level experience handling a Read More

PDC Energy President & CEO Bart Brookman Mails Letter to Shareholders

22 hours ago DieselGasoil Comments Off on PDC Energy President & CEO Bart Brookman Mails Letter to Shareholders
Reflects on PDC’s Strong Operational and Financial Performance, and Kimmeridge’s Deeply Conflicted Efforts to Replace Directors on the PDC Board with Less Qualified Candidates Urges Shareholders to Vote “FOR” All Three of Company’s Nominees on the WHITE Proxy Card DENVER, May 20, 2019 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or “the Company”) (Nasdaq: PDCE) Read More

Oil traders try to ship dirty Russian crude to Asia

23 hours ago DieselGasoil Comments Off on Oil traders try to ship dirty Russian crude to Asia
SINGAPORE/MOSCOW (Reuters) – Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to trading sources and ship tracking data. FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Read More