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U.S. oil prices drop 1 percent on oversupply fears

17 mins ago DieselGasoil Comments Off on U.S. oil prices drop 1 percent on oversupply fears
SINGAPORE (Reuters) – U.S. oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in U.S. inventories and forecasts of record shale output stoking worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture Read More

Eni approves the investment plan for Merakes Development Project in Indonesia

2 hours ago DieselGasoil Comments Off on Eni approves the investment plan for Merakes Development Project in Indonesia
12/17/2018 Photo: Eni. SAN DONATO MILANESE, Milan — Eni will start with the execution of the Merakes Development Project in Indonesia following the approval received by the Minister of Energy of Indonesia and the authorization for the investment plan sanctioned by the company’s board of directors. The Merakes development project, located in the Kutei Basin, Read More

Exxon becomes Permian drill chief to combat falling oil output

3 hours ago DieselGasoil Comments Off on Exxon becomes Permian drill chief to combat falling oil output
By Kevin Crowley on 12/17/2018 Photo: Pump jack. HOUSTON (Bloomberg) — Exxon Mobil Corp. has overtaken rivals to become the most active driller in the Permian Basin, showing the urgency with which the world’s biggest oil company by market value is pursuing U.S. shale. Even after a slow start in the region of West Texas Read More

Maurel & Prom : Completion of a capital increase reserved for Rockover and the buyback from Rockover of deferred payments (Gabon)

9 hours ago DieselGasoil Comments Off on Maurel & Prom : Completion of a capital increase reserved for Rockover and the buyback from Rockover of deferred payments (Gabon)
Paris, 17 December 2018No. 18-18 Completion of a capital increase reserved for Rockover and the buyback from Rockover of deferred payments (Gabon) Implementation and completion of the capital increase reserved for Rockover in accordance with the agreement covering the buyback of deferred payments from Rockover by M&P Completion of the buyback of deferred payments from Rockover Read More

Maurel & Prom : réalisation de l’augmentation de capital réservée à Rockover et de l’opération de rachat à Rockover de compléments de prix (Gabon)

9 hours ago DieselGasoil Comments Off on Maurel & Prom : réalisation de l’augmentation de capital réservée à Rockover et de l’opération de rachat à Rockover de compléments de prix (Gabon)
Paris, le 17 décembre 2018N° 18-18 Réalisation de l’augmentation de capital réservée à Rockover et de l’opération de rachat à Rockover de compléments de prix (Gabon) Mise en oeuvre et réalisation de l’augmentation de capital réservée à Rockover conformément à l’accord sur le rachat à Rockover de compléments de prix par M&P Réalisation de l’opération de Read More

Tendeka continues flow of new technology launches to boost oil recovery

9 hours ago DieselGasoil Comments Off on Tendeka continues flow of new technology launches to boost oil recovery
12/17/2018 Photo: Tendeka CTO Annabell Green. ABERDEEN — In response to the challenges of effective water injection in fractured reservoirs, independent global completions service company Tendeka has launched a new technology to optimize oil production. As an addition to their extensive range of advanced inflow control technology, FloFuse can increase oil recovery by improving injected Read More

Sundance Energy Provides December 2018 Operational Update

9 hours ago DieselGasoil Comments Off on Sundance Energy Provides December 2018 Operational Update
DENVER, Dec. 17, 2018 (GLOBE NEWSWIRE) — Sundance Energy Australia Limited (ASX: SEA) (NASDAQ: SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, today provided an update regarding the Company’s recent development activities and outlook regarding its 2019 development plan. 2019 Read More

Equinor's Aasta Hansteen Nowegian Sea goes online

10 hours ago DieselGasoil Comments Off on Equinor's Aasta Hansteen Nowegian Sea goes online
12/17/2018 The Aasta Hansteen platform in the Norwegian Sea. Photo: Roar Lindefjeld and Bo B. Randulff. STAVANGER — Equinor and its partners started production from the Aasta Hansteen gas field in the Norwegian Sea. Gas from the Aasta Hansteen field is available to the market for the first time and together with the Polarled pipeline Read More

Qatar Petroleum signs agreement to acquire interest in three offshore oil Fields in Mexico

10 hours ago DieselGasoil Comments Off on Qatar Petroleum signs agreement to acquire interest in three offshore oil Fields in Mexico
12/17/2018 Eni CEO Claudio Descalzi and H.E. Mr. Saad Sherida Al-Kaabi, minister of state for energy affairs, president & CEO of Qatar Petroleum DOHA, Qatar — Qatar Petroleum entered into an agreement with Eni to acquire a 35% participating interest in three offshore oil Fields in Mexico. The agreement cover the Amoca, Mizton, and Tecoalli Read More

Cequence Energy Announces Confirmation of Its Credit Facility Borrowing Base, the Purchase of Its $60 Million Term Loan and Provides Operational Update

10 hours ago DieselGasoil Comments Off on Cequence Energy Announces Confirmation of Its Credit Facility Borrowing Base, the Purchase of Its $60 Million Term Loan and Provides Operational Update
CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce that its senior lender has completed a redetermination of the borrowing base under the Company’s senior secured credit facility (the “Credit Facility”), and has confirmed the borrowing base remains at $7 million. Other than Read More