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Ford's Brazil shutdown highlights automakers' woes with excess capacity

23 mins ago DieselGasoil Comments Off on Ford's Brazil shutdown highlights automakers' woes with excess capacity
SAO PAULO (Reuters) – Ford Motor Co’s oldest factory in Brazil, slated for closure later this year, was a giant among auto plants, occupying a sprawling 12 million square feet (111.5 hectares), bigger than many of the automaker’s U.S. facilities. The Ford logo is seen at the Ford oldest Brazil plant after company announced its Read More

China bans Australian coal imports as diplomatic tensions over Huawei intensify

53 mins ago DieselGasoil Comments Off on China bans Australian coal imports as diplomatic tensions over Huawei intensify
One of China’s biggest ports has put restrictions on shipments of coal from Australia, its top supplier of anthracite, casting a shadow upon Australia’s second largest export earner. The Port of Dalian is set to cap overall coal imports from all sources at 12 million tons until the end of 2019, according to an official Read More

Digital is the future for EPC project delivery: Sunder Kalyanam, Petrofac

1 hour ago DieselGasoil Comments Off on Digital is the future for EPC project delivery: Sunder Kalyanam, Petrofac
2/21/2019 Photo: Group MD – E&C growth and Chairman of Petrofac India, Sunder Kalyanam. ST. HELIER, Jersey — Group MD – E&C growth and Chairman of Petrofac India, Sunder Kalyanam, has participated in a panel discussion focusing on ‘the blueprint for the digital success of all value chain partners’ at Chemtech 2019 in Mumbai, India. Traditionally, the Read More

TGS announces a new multi-client 3D seismic survey in the Campos Basin in Brasil

1 hour ago DieselGasoil Comments Off on TGS announces a new multi-client 3D seismic survey in the Campos Basin in Brasil
2/21/2019 Map: TGS Campos Basin, Brazil. HOUSTON — TGS announces a new multi-client 3D seismic survey in the Campos Basin in Brazil. The survey will cover approximately 11,200 km2 within the granted permit area and will be acquired by Shearwater with the Amazon Warrior. The survey will provide contiguous 3D coverage over the highly prospective Read More

API continues to promote safe U.S. energy development, enhances workplace safety with Recommended Practice 54

1 hour ago DieselGasoil Comments Off on API continues to promote safe U.S. energy development, enhances workplace safety with Recommended Practice 54
2/21/2019 Photo: Halliburton. WASHINGTON — The American Petroleum Institute has released Recommended Practice 54 (RP 54), Occupational Safety and Health for Oil and Gas Well Drilling and Servicing Operations, which provides procedures for promoting and maintaining safe and healthy working conditions for personnel in drilling and well servicing operations. “The safety of oil and natural Read More

Equiinor: Natural gas contributes to the low carbon future

2 hours ago DieselGasoil Comments Off on Equiinor: Natural gas contributes to the low carbon future
2/21/2019 Photo: Irene Rummelhoff, Equinor’s executive V.P. for marketing, midstream and processing. STAVANGER — Equinor sold natural gas for around $26 billion in total in 2018, an increase of 29% from 2017. As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around Read More

Mexico president says no more Pemex oil joint ventures for now

3 hours ago DieselGasoil Comments Off on Mexico president says no more Pemex oil joint ventures for now
The Pemex logo is pictured during the 80th anniversary of the expropriation of Mexico’s oil industry at the headquarters of state-owned oil giant in Mexico City, Mexico March 16, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – President Andres Manuel Lopez Obrador said on Thursday Mexico will not offer more oil joint ventures between private companies Read More

Empty supertankers reveal truths about today's oil market

4 hours ago DieselGasoil Comments Off on Empty supertankers reveal truths about today's oil market
By Firat Kayakiran on 2/21/2019 LONDON (Bloomberg) — They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.  In normal times, the vessels would be filled with heavy, high sulfur Read More

Airbus pencils in orders for new A321XLR jet: sources

4 hours ago DieselGasoil Comments Off on Airbus pencils in orders for new A321XLR jet: sources
PARIS (Reuters) – Airbus has begun lining up tentative orders for a longer-range version of its A321 jetliner, seeking to exploit signs of hesitation at arch-rival Boeing over whether to develop a new model in a hotly contested niche of the airplane market. A logo of Airbus is seen on a wall at Airbus headquarters Read More

De Beers says lab-grown diamond wholesale prices fall by up to 60 percent

4 hours ago DieselGasoil Comments Off on De Beers says lab-grown diamond wholesale prices fall by up to 60 percent
LONDON (Reuters) – Wholesale prices for lab-grown diamonds have fallen by up to 60 percent since De Beers began selling synthetic stones for jewelry in September, CEO Bruce Cleaver said on Thursday, adding margins for the sector would continue to fall. Lab grown diamond jewelry displayed at Pure Grown Diamonds headquarters in Woodbridge, New Jersey, Read More