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Enerflex Announces Appointment of Sanjay Bishnoi as Senior Vice President and Chief Financial Officer and David Izett as Senior Vice President, General Counsel

16 hours ago DieselGasoil Comments Off on Enerflex Announces Appointment of Sanjay Bishnoi as Senior Vice President and Chief Financial Officer and David Izett as Senior Vice President, General Counsel

CALGARY, Alberta, Aug. 23, 2019 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX:EFX) (“Enerflex” or the “Company”) announced today the appointment of Sanjay Bishnoi as Senior Vice President and Chief Financial Officer and David H. Izett as Senior Vice President, General Counsel, effective September 9, 2019. Mr. Bishnoi is a proven Chief Financial Officer with over 20 Read More

Trade tariffs seen muting IMO 2020 impact for US refiners

1 day ago DieselGasoil Comments Off on Trade tariffs seen muting IMO 2020 impact for US refiners

New York — Weakening export demand for US-made products is skewing the impact of the change to cleaner ship fuel on US refined products as marine gasoil prices fall and cracks widen ahead of the IMO’s mandated January 1, 2020, deadline to reduce sulfur content to 0.5% from 3.5% . Not registered? Receive daily email Read More

Alta Mesa Resources Receives NASDAQ Notice Regarding Non-Compliance With Continued Listing Standards

2 days ago DieselGasoil Comments Off on Alta Mesa Resources Receives NASDAQ Notice Regarding Non-Compliance With Continued Listing Standards

HOUSTON, Aug. 21, 2019 (GLOBE NEWSWIRE) — Alta Mesa Resources, Inc. (NASDAQ: AMR, “Alta Mesa Resources” or the “Company”) today announced that The NASDAQ Stock Market LLC (“NASDAQ”) notified the Company on August 16, 2019 that it is not in compliance with NASDAQ Listing Rule 5250(c)(1) for continued listing due to the delay in filing Read More

US to sell 10 million barrels of sour crude from strategic petroleum reserve

2 days ago DieselGasoil Comments Off on US to sell 10 million barrels of sour crude from strategic petroleum reserve

Houston — The US will sell 10 million barrels of sour crude from its Strategic Petroleum Reserve with deliveries planned for October and November, the Department of Energy announced Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In a notice of sale Wednesday, DOE said offers must be Read More

U.S. oil firms challenge pipeline surcharge for steel tariff

3 days ago DieselGasoil Comments Off on U.S. oil firms challenge pipeline surcharge for steel tariff

HOUSTON (Reuters) – Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs. FILE PHOTO: Flags fly outside ConocoPhillips offices in Houston, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott/File Photo The United States imposed Read More

First US crude cargo from Cactus II loaded out of Corpus Christi

3 days ago DieselGasoil Comments Off on First US crude cargo from Cactus II loaded out of Corpus Christi

Houston — The first US crude cargo originating from the new Cactus II pipeline loaded onto the Aframax Paramount Hatteras out of the Buckeye Terminal in Corpus Christi, Texas, a NuStar Energy spokesman confirmed Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Paramount Hatteras’ discharge destination was Read More

U.S. oil firms challenge pipeline surcharge for steel tariff: filing

3 days ago DieselGasoil Comments Off on U.S. oil firms challenge pipeline surcharge for steel tariff: filing

Sanchez Energy Receives Court Approval of “First Day” Motions to Support Business Operations

4 days ago DieselGasoil Comments Off on Sanchez Energy Receives Court Approval of “First Day” Motions to Support Business Operations

Obtains Interim Approval to Access up to $50 Million in New Financing Maintains Substantial Liquidity to Continue Safe Operations in the Normal Course HOUSTON, Aug. 19, 2019 (GLOBE NEWSWIRE) — Sanchez Energy Corporation (“Sanchez Energy” or the “Company”) (OTC Pink: SNECQ) today announced that the Company and certain of its subsidiaries have received interim approvals Read More

Analysis: US crude draw expected to resume amid stronger refinery runs, exports

4 days ago DieselGasoil Comments Off on Analysis: US crude draw expected to resume amid stronger refinery runs, exports

Highlights Crude stocks likely dip 3.1 million barrels to 437.4 million barrels Refinery runs edge up 0.2 points to 95% of capacity New USGC crude pipeline capacity narrows distillate cracks New York — US crude oil stock stocks likely declined last week amid an uptick in export activity and strong refiner demand, an S&P Global Read More

US study to focus on leasing, not closing, portions of SPR: sources

4 days ago DieselGasoil Comments Off on US study to focus on leasing, not closing, portions of SPR: sources

Highlights Study was originally expected late last year US negotiating with Australia on leasing SPR space Closure of SPR site no longer under consideration Washington — An ongoing US Department of Energy study on the future of the Strategic Petroleum Reserve is expected to recommend leasing unused portions of the reserve, rather than closing one Read More

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Trump hikes existing & future tariffs on Chinese goods in major trade war escalation

US President Donald Trump has announced further tariffs on $250 billion in Chinese goods, upping existing 25 percent duties to 30 percent. Another $300 billion in goods due to be taxed at 10 percent will be taxed at 15 percent. The 25 percent tariff is already in effect, and will become a 30 percent [.....]

Oil spills into U.S.-China trade war, prices slump

NEW YORK (Reuters) – China on Friday said it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global oil demand. Pumpjacks are seen during sunset at the Daqing oil fi [.....]

Boy, eight, crashes parents’ car in second high-speed joyride

An eight-year-old boy is receiving counselling after crashing his parents’ car on his second high-speed drive of the week. After stealing the keys to the family’s Volkswagen Golf in the early hours of Friday morning, the child, from Soest, in northwestern Germany, drove 31 miles (50km) to the city o [.....]

Made in USA: Trump calls on American firms to abandon China

By Ganesh Rao, business reporter President Donald Trump has furiously responded to China’s decision to impose new retaliatory tariffs on American goods. In a series of tweets, Mr Trump said he was ordering US companies to look at ways to close their operations in China and make more of their product [.....]

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Ukrainian nuclear power plant used to mine cryptocurrency, putting state secrets at risk

A person with access to restricted parts of a nuclear power plant in Ukraine used it to mine cryptocurrency, potentially exposing the facility’s top secret security plans, according to a court case. It’s well known that cryptocurrency mining is a ‘power-hungry’ endeavor that consumes more electricit [...]

Trade tensions and a weaker yuan drive Chinese crypto demand, market players say

LONDON/NEW YORK (Reuters) – Trade tensions between the United States and China and a weakening yuan are boosting demand for cryptocurrencies among Chinese investors, market players from Asia to New York said. FILE PHOTO: Small toy figurines are seen on representations of the Bitcoin virtual currency [...]

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