newszine

Oil prices jump on U.S. crude stocks fall, major refinery outage

13 hours ago DieselGasoil Comments Off on Oil prices jump on U.S. crude stocks fall, major refinery outage
LONDON (Reuters) – Oil prices hit their highest level in nearly a month on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed U.S. crude stockpiles fell more than expected. A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Read More

Altair Licence Update

1 week ago DieselGasoil Comments Off on Altair Licence Update
Oslo,17June2019 The ANH has decided to resume the terms of the Altair contract (that had been previously suspended) and to extend its expiration date to August 26th, 2019.  Without prejudice to the foregoing, an additional extension of the Altair contract for a term of one year is pending resolution by the ANH.  This additional extension Read More

Refinery news roundup: Africa incidents, planned work in focus

2 weeks ago DieselGasoil Comments Off on Refinery news roundup: Africa incidents, planned work in focus
London — Across Africa, new launches and upgrades remain in focus while news is emerging of planned works and unplanned outages. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NEAR-TERM AND FUTURE –South Africa’s largest refinery Sapref has entered its summer maintenance period, which runs from May 25 to Read More

REFINERY NEWS ROUNDUP: Crude supply in Europe still not fully back

2 weeks ago DieselGasoil Comments Off on REFINERY NEWS ROUNDUP: Crude supply in Europe still not fully back
London — Crude supply deliveries to European refineries have been normalizing following contamination of crude on the 4,000-km Druzhba pipeline system which ships Russian crude, though some refineries, particularly in Germany, continue to experience supply problems. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Germany’s Leuna refinery issued a Read More

OPEC crude oil output shrinks in May, as Saudis cut further: S&P Global Platts survey

2 weeks ago DieselGasoil Comments Off on OPEC crude oil output shrinks in May, as Saudis cut further: S&P Global Platts survey
Highlights OPEC pumps 30.09 mil b/d, down 170,000 b/d from Apr Saudi output 9.70 mil b/d, lowest since January 2015 Sanctions-hit Iran at 2.45 mil b/d, near 21-yr low Iraq surges to all-time high of 4.82 mil b/d London — OPEC has so far avoided a bruising intra-bloc market share battle, with top exporter Saudi Read More

Nigeria’s oil thieves roar back as militants kept in check

3 weeks ago DieselGasoil Comments Off on Nigeria’s oil thieves roar back as militants kept in check
By Elisha Bala-Gbogbo on 6/5/2019 ABUJA (Bloomberg) — Just as Nigeria gets to grips with militants who brought the nation’s oil industry to its knees a few years ago, another group of longstanding foes are slowly making a comeback: thieves. Saboteurs including thieves caused an 80% increase in the number of spills in 2018, Royal Read More

Penn Virginia Reports First Quarter 2019 Results

2 months ago DieselGasoil Comments Off on Penn Virginia Reports First Quarter 2019 Results
— Expects to Fund 2019 Two-Rig Program within Cash Flow — — Company Positioned for Long-Term Free Cash Flow Generation — HOUSTON, May 09, 2019 (GLOBE NEWSWIRE) — Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ:PVAC) today announced its financial and operational results for the first quarter 2019. Recent Significant Highlights Produced 24,692 barrels of Read More