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Iran signs $440 million deal to develop Belal gas field

4 days ago DieselGasoil Comments Off on Iran signs $440 million deal to develop Belal gas field
Tehran has signed a $440 million contract with a local company to develop the Belal gas field Iran shares with Qatar. The country’s oil minister has celebrated the deal as a sign that no US sanctions can stop Iran’s oil industry. The contract was signed between Pars Oil and Gas Company (POGC), a subsidiary of Read More

The US shale revolution has reshaped the energy landscape at home and abroad, according to latest IEA policy review

5 days ago DieselGasoil Comments Off on The US shale revolution has reshaped the energy landscape at home and abroad, according to latest IEA policy review
9/13/2019 WASHINGTON – The International Energy Agency released its latest in-depth review of US energy policies on Friday, welcoming US leadership on innovation and highlighting the far-reaching impact of the country’s shale revolution.  The shale boom has transformed the United States into the world’s top oil and gas producer and a leading exporter for the Read More

Huawei chief offers to share 5G know-how for a fee

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Huawei’s chief executive has proposed selling its current 5G know-how to a Western firm as a way to address security concerns voiced by the US and others about its business. Ren Zhengfei said the buyer would be free to “change the software code”. That would allow any flaws or supposed backdoors to be addressed without Read More

German regulator backs push to cut red tape for wind power constructions

6 days ago DieselGasoil Comments Off on German regulator backs push to cut red tape for wind power constructions
MUNICH (Reuters) – Germany’s energy regulator supports an overhaul of legal procedures and red tape by the economy ministry to reverse a sharp fall in wind turbine constructions that threatens to throw the country’s energy transformation off course. FILE PHOTO: Power-generating windmill turbines are pictured during sunset from the Drachenberg hill in Berlin, Germany, August Read More

Exclusive: Grab in talks to merge Indonesian payment firms to overtake Gojek – sources

7 days ago DieselGasoil Comments Off on Exclusive: Grab in talks to merge Indonesian payment firms to overtake Gojek – sources
JAKARTA (Reuters) – SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter said. FILE PHOTO: A Grab logo is pictured at the Money 20/20 Read More

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

7 days 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

1 week 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

Equatorial Guinea plans oil/gas licensing round next year: oil minister

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Abu Dhabi — Equatorial Guinea is planning to launch another licensing round of its oil and gas properties by the middle or later part of 2020, the country’s oil minister Gabriel Obiang told Platts in an interview in Abu Dhabi. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We Read More

Johnson Matthey’s latest ATR technology licence underway after Methanex reaches final investment decision for Geismar 3 plant

1 week ago DieselGasoil Comments Off on Johnson Matthey’s latest ATR technology licence underway after Methanex reaches final investment decision for Geismar 3 plant
LONDON, Sept. 10, 2019 (GLOBE NEWSWIRE) — Johnson Matthey (JM), a global leader in sustainable technologies, announces today that it has been awarded the methanol plant license for Methanex Corporation’s Geismar 3 plant, incorporating the world’s largest standalone ATR in the methanol marketplace. In mid-July, the Methanex Board of Directors reached a final investment decision Read More