newszine

France, Germany step up pressure over Alstom-Siemens deal

1 hour ago DieselGasoil Comments Off on France, Germany step up pressure over Alstom-Siemens deal
PARIS (Reuters) – France and Germany raised pressure on the European Union’s competition chief to approve the merger of Alstom and Siemens’ rail businesses, warning that thwarting the proposed European champion would be a strategic error. FILE PHOTO: A scale model of an AGV high speed train with the logo of Alstom is seen before Read More

CGG: New Survey Supports Gabon’s 12th Offshore Licensing Round

10 hours ago DieselGasoil Comments Off on CGG: New Survey Supports Gabon’s 12th Offshore Licensing Round
New CGG Survey Supports Gabon’s 12th Offshore Licensing Round Paris, France – January 21, 2019 Building on the success of its 25,000 km2 3D BroadSeis(TM) survey, which led to the recent Boudji-1 and Ivela-1 oil discoveries, CGG is extending its Gabon multi-client data footprint with a 9,800-km long-offset 2D seismic survey in an unexplored deepwater Read More

Shutdown clouds outlook for consumer-driven U.S. economic growth

3 days ago DieselGasoil Comments Off on Shutdown clouds outlook for consumer-driven U.S. economic growth
NEW YORK (Reuters) – After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters. FILE PHOTO: A federal worker left unpaid or furloughed collects a free bag Read More

Siemens rules out further concessions to get Alstom deal approval: sources

4 days ago DieselGasoil Comments Off on Siemens rules out further concessions to get Alstom deal approval: sources
MUNICH (Reuters) – Siemens (SIEGn.DE) will not make further concessions to save a rail merger deal with France’s Alstom (ALSO.PA) even after European competition authorities demanded further concessions, sources familiar with the matter said. FILE PHOTO: The Siemens logo is seen on a building in Siemensstadt in Berlin, Germany, October 31, 2018. REUTERS/Hannibal Hanschke Siemens Read More

Faroe, Shell and Spirit partner in Edinburgh

5 days ago DieselGasoil Comments Off on Faroe, Shell and Spirit partner in Edinburgh
1/16/2019 ABERDEEN — Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce its partnership with subsidiaries of Royal Dutch Shell plc and Spirit Energy Limited following the award of PL 969 in the recent APA licensing round with the Read More

Equinor has made a gas, condensate discovery south of the Kristin field

5 days ago DieselGasoil Comments Off on Equinor has made a gas, condensate discovery south of the Kristin field
1/16/2019 Ragnfrid nord. Map: Equinor. STAVANGER — Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well. Recoverable resources are estimated at 6 MMboe to 25 MMboe. “We are pleased to start the new year by announcing a new discovery. Exploring Read More

Pulse Seismic Inc. Announces Acquisition of Seitel Canada Ltd.

6 days ago DieselGasoil Comments Off on Pulse Seismic Inc. Announces Acquisition of Seitel Canada Ltd.
CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or “the Company”) is pleased to announce that it has today completed the acquisition of Seitel Canada Ltd. Pursuant to the terms of the acquisition (the “Acquisition”), Pulse acquired 100% of the shares of Seitel Canada Ltd. (“Seitel”), for initial cash Read More

Equinor invests $269 million to increase Gullfaks production, North Sea

6 days ago DieselGasoil Comments Off on Equinor invests $269 million to increase Gullfaks production, North Sea
1/15/2019 Gullfaks field, North Sea. Illustration: Equinor. STAVANGER — The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 MMbbl with good profitability. On behalf of the license partners, Equinor’s executive vice president for Development and Production Norway, Arne Sigve Nylund, presented an amended plan for development and Read More