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Trump intervention triggered EPA’s surprise biofuel waiver decision -sources

3 days ago DieselGasoil Comments Off on Trump intervention triggered EPA’s surprise biofuel waiver decision -sources
WASHINGTON (Reuters) – A phone call from U.S. President Donald Trump last week ended a nearly two-month-long review of the nation’s biofuels program, three sources familiar with the matter said, with the White House siding in favor of oil refiners over corn growers. FILE PHOTO: A biodiesel (gasoil) vehicle is seen at Dogpatch Biofuels filling Read More

Republican Iowa senator says Trump EPA ‘screwed us’ with biofuel waivers

3 days ago DieselGasoil Comments Off on Republican Iowa senator says Trump EPA ‘screwed us’ with biofuel waivers
WASHINGTON (Reuters) – Iowa’s Republican Senator Chuck Grassley said the Trump administration’s Environmental Protection Agency has “screwed” the U.S. ethanol industry and farmers by granting waivers to 31 small petroleum refineries, effectively exempting them from an obligation to use more ethanol in their products. FILE PHOTO: U.S. Senate Judiciary Committee Chairman Senator Chuck Grassley (R-IA) Read More

Trump intervention triggered EPA’s surprise biofuel waiver decision: sources

4 days ago DieselGasoil Comments Off on Trump intervention triggered EPA’s surprise biofuel waiver decision: sources
WASHINGTON (Reuters) – A phone call from U.S. President Donald Trump last week ended a nearly two-month-long review of the nation’s biofuels program, three sources familiar with the matter said, with the White House siding in favor of oil refiners over corn growers. FILE PHOTO – A biodiesel (gasoil) vehicle is seen at Dogpatch Biofuels Read More

W&T believes still sizable upside left in US Gulf of Mexico Mahogany Field

6 days ago DieselGasoil Comments Off on W&T believes still sizable upside left in US Gulf of Mexico Mahogany Field
Denver — Sees 100 million barrels of additional reserves Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Field production is currently 15,500 boe/d Will close soon on ExxonMobil’s Mobile Bay assets Pure-play US Gulf of Mexico operator W&T Offshore believes it has a lot more proved reserves at its Read More

Exclusive: Exxon eyes UK North Sea exit after 50-year presence – sources

7 days ago DieselGasoil Comments Off on Exclusive: Exxon eyes UK North Sea exit after 50-year presence – sources
LONDON (Reuters) – Exxon Mobil (XOM.N) is considering an exit from the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects. FILE PHOTO: Logos of ExxonMobil are seen in its booth at Gastech, the world’s biggest expo for the gas Read More

Saudi Aramco aims to buy Reliance stake, reports lower earnings

1 week ago DieselGasoil Comments Off on Saudi Aramco aims to buy Reliance stake, reports lower earnings
DUBAI/MUMBAI (Reuters) – Saudi Aramco is planning a blockbuster investment in Reliance Industries (RELI.NS), the Indian conglomerate said on Monday, as the Saudi energy giant diversifies its business, where weaker oil prices cut its first-half profit by 12%. In preparation for what could be the world’s largest initial public offering (IPO), state-run Aramco began publishing Read More

Saudi Aramco aims to buy Reliance stake, reports 12% earnings slide

1 week ago DieselGasoil Comments Off on Saudi Aramco aims to buy Reliance stake, reports 12% earnings slide
DUBAI (Reuters) – Saudi Aramco is planning a blockbuster investment in Reliance Industries (RELI.NS), the Indian firm announced on Monday, as the energy giant diversifies its business, where weaker oil prices pared its first-half profit by 12%. State-run Aramco disclosed its closely guarded financials for the first time earlier this year, revealing its 2018 earnings Read More

Saudi Aramco to buy Reliance stake, reports 12% earnings slide

1 week ago DieselGasoil Comments Off on Saudi Aramco to buy Reliance stake, reports 12% earnings slide
DUBAI (Reuters) – Saudi Aramco reported a 12% fall in half-year net profit on Monday, yet remained the world’s most profitable company, while India’s Reliance Industries (RELI.NS) said Aramco is looking to buy into its refining and petrochemicals business. FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil Read More

Saudi Aramco’s first-half net income falls 12% on lower oil prices

1 week ago DieselGasoil Comments Off on Saudi Aramco’s first-half net income falls 12% on lower oil prices
DUBAI (Reuters) – Top oil producer Saudi Aramco maintained its position as the world’s most profitable company on Monday even as it reported a 12% drop in first-half net income to $46.9 billion due to lower oil prices. FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery Read More

Chevron starts burying CO2 off Australia at huge Gorgon storage project

2 weeks ago DieselGasoil Comments Off on Chevron starts burying CO2 off Australia at huge Gorgon storage project
MELBOURNE (Reuters) – Chevron Corp said on Thursday it has launched one of the world’s largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project. FILE PHOTO: The logo of Chevron is seen at the company’s office in Caracas, Venezuela April 25, Read More