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Petrobras has published its 2018 oil, natural gas production

2 days ago DieselGasoil Comments Off on Petrobras has published its 2018 oil, natural gas production
1/16/2019 Drillship. Photo: Andre Ribeiro. RIO DE JANEIRO —  Petrobras reports that in 2018, its total production of oil and gas, including natural gas liquids (NGL), was 2.63 MMboed, of which 2.53 MMboed produced in Brazil and 101,000 boed abroad. Petrobras’ own production of oil in Brazil was 2.03 MMbpd. The annual average of the Read More

Pulse Seismic Inc. Announces Acquisition of Seitel Canada Ltd.

2 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

Athabasca Oil Corporation Closes $265 Million Leismer Infrastructure Transaction

3 days ago DieselGasoil Comments Off on Athabasca Oil Corporation Closes $265 Million Leismer Infrastructure Transaction
CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) has closed the previously announced Leismer Infrastructure Transaction with Enbridge Inc. for $265 million cash consideration. Transaction proceeds are approximately 50% of Athabasca’s market capitalization and significantly bolster the Company’s liquidity, reduce net debt and improve financial resiliency. Read More

Clear Blue Technologies Illuminates Toronto’s Bloor Street with Smart City Lighting Systems

3 days ago DieselGasoil Comments Off on Clear Blue Technologies Illuminates Toronto’s Bloor Street with Smart City Lighting Systems
TORONTO, Jan. 15, 2019 (GLOBE NEWSWIRE) — Clear Blue Technologies International (“Clear Blue” or “the Company”) (TSXV: CBLU) (FSE: 0YA), the Smart Off-Grid™ company, today announced that 40 of its Illumient solar-powered street lights have been installed along Bloor Street West in Toronto.  These smart city lighting systems will also host Wi-Fi for the area, Read More

Bellatrix Announces a Fourth Quarter 2018 Operational Update and 2019 Capital Budget

3 days ago DieselGasoil Comments Off on Bellatrix Announces a Fourth Quarter 2018 Operational Update and 2019 Capital Budget
CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces a fourth quarter 2018 operational update with full year average volumes exceeding guidance, and its 2019 capital budget designed to deliver stable corporate production volumes, supported by strong commodity price risk management and market diversification contracts. Read More

India's electric vehicle goals being realized on two wheels, not four

4 days ago DieselGasoil Comments Off on India's electric vehicle goals being realized on two wheels, not four
GOVE/NEW DELHI (Reuters) – Hurt by high fuel prices, Vinod Gore, a farmer in Gove village in the western Indian state of Maharashtra, ditched his petrol scooter for an electric model, underlining how two-wheelers are driving the country’s goal of electrification of its vehicles. A worker checks the power supply to recharge an electric scooter Read More

Lion Air plane crash: Cockpit voice recorder found

4 days ago DieselGasoil Comments Off on Lion Air plane crash: Cockpit voice recorder found
The cockpit voice recorder of the Lion Air jet that crashed into the Java Sea in October has been found by navy divers, an Indonesia official has said. Ridwan Djamaluddin, a deputy maritime minister, told reporters that the National Transportation Safety Committee had informed the ministry about the discovery. He said human remains were also Read More

Chevron touts nimble shale as electric cars dim big oil's future

5 days ago DieselGasoil Comments Off on Chevron touts nimble shale as electric cars dim big oil's future
By Kevin Crowley on 1/13/2019 Photo: Pumping unit at San Andreas, Permian Basin. HOUSTON (Bloomberg) — Chevron Corp. will spend about half its capital budget on projects that yield quick returns over the next three years, underscoring the importance of shale as it prepares for growing uncertainty in how the world consumes energy. The U.S. Read More

Oil majors to increase offshore spending

7 days ago DieselGasoil Comments Off on Oil majors to increase offshore spending
By Francois de Beaupuy on 1/11/2019 PARIS (Bloomberg) — After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread equally across the companies who provide them everything from seismic surveys to pumps and turbines.  The long-awaited spending rebound will re-energize Read More

Italy judge acquits Autostrade CEO in 2013 motorway accident case

7 days ago DieselGasoil Comments Off on Italy judge acquits Autostrade CEO in 2013 motorway accident case
FILE PHOTO: Autostrade per l’Italia Chief Executive Giovanni Castellucci speaks at a news conference about the collapsed Morandi Bridge in Genoa, Italy August 18, 2018. REUTERS/Massimo Pinca MILAN/ROME (Reuters) – An Italian judge on Friday acquitted Autostrade per l’Italia CEO Giovanni Castellucci in a case regarding a 2013 accident that killed 40 people on a Read More