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Israel's chief geologist says latest bidding round offers changes and upgrades

12 hours ago DieselGasoil Comments Off on Israel's chief geologist says latest bidding round offers changes and upgrades
By Kurt Abraham, Editor-in-Chief, World Oil on 2/22/2019 HOUSTON — The history of Israel’s gas and oil development can be subdivided into two distinct periods: 1955 to 1995, and 1999 to today. In the first period, roughly 450 wells were drilled onshore and offshore Israel. The onshore Heletz oil field was discovered in the 1950s, Read More

Croatia's Krpan touts new bidding rounds as means to boost output

15 hours ago DieselGasoil Comments Off on Croatia's Krpan touts new bidding rounds as means to boost output
By Kurt Abraham, Editor-in-Chief, World Oil on 2/22/2019 HOUSTON — During the recent North American Prospect Expo (NAPE) held in Houston, the president of the Croatian Hydrocarbon Agency (CHA), Marijan Krpan, visited with World Oil about the steps his government is taking, to improve the country’s oil and gas production. Key among these are two Read More

Oil hits 2019 highs on U.S.-China trade hopes, but U.S. output weighs

15 hours ago DieselGasoil Comments Off on Oil hits 2019 highs on U.S.-China trade hopes, but U.S. output weighs
NEW YORK (Reuters) – Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.S.-China trade talks would soon produce a deal, although new record U.S. oil supply limited gains. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out Read More

Canadian regulator backs oil pipeline expansion, urges whale protections

16 hours ago DieselGasoil Comments Off on Canadian regulator backs oil pipeline expansion, urges whale protections
WINNIPEG, Manitoba (Reuters) – Canada’s National Energy Board (NEB) regulator recommended on Friday that Ottawa approve expansion of the government-owned Trans Mountain oil pipeline, but made new, nonbinding recommendations to mitigate harm to Pacific Ocean killer whales. FILE PHOTO: Steel pipe to be used in the oil pipeline construction of Kinder Morgan Canada’s Trans Mountain Read More

GM extends production at Detroit factory until early 2020

18 hours ago DieselGasoil Comments Off on GM extends production at Detroit factory until early 2020
General Motors Detroit-Hamtramck Assembly plant is seen in Hamtramck, Michigan, U.S. November 26, 2018. REUTERS/Rebecca Cook/File Photo (Reuters) – General Motors Co said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year. The No.1 U.S. automaker is revamping Read More

Cabot Oil and Gas Corporation claims 2018 as best year, so far

19 hours ago DieselGasoil Comments Off on Cabot Oil and Gas Corporation claims 2018 as best year, so far
2/22/2019 Editors Note: Included below is an edited view of Cabot’s report, referencing upstream related results. For the full report, please visit the company’s website. Marcellus shale graphic. Photo: Cabot. HOUSTON — Cabot Oil & Gas Corporation has announced the best year of its nearly three-decade public-company history that provided record financial results, the culmination Read More

ExxonMobil to increase Permian profitability through digital partnership with Microsoft

19 hours ago DieselGasoil Comments Off on ExxonMobil to increase Permian profitability through digital partnership with Microsoft
2/22/2019 IRVING, Texas — ExxonMobil has announced that a new partnership with Microsoft will make its Permian basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies. The application of Microsoft Read More

Billings Innovator gains international recognition for oilfield tool

20 hours ago DieselGasoil Comments Off on Billings Innovator gains international recognition for oilfield tool
2/22/2019 Photo: Paul Tarmann, president and CEO of Tellerus Corporation. BILLINGS, Montana — An invention that has been more than 12 years in development by a Billings, Montana company has been listed by the National Association of Corrosion Engineers (NACE) as a finalist for the Corrosion Innovation Award. The top ten innovations of the year Read More

PDC Energy Issues Statement

21 hours ago DieselGasoil Comments Off on PDC Energy Issues Statement
DENVER, Feb. 22, 2019 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (NASDAQ: PDCE) today issued the following statement in response to the public filing of a Schedule 13D by Kimmeridge Energy Management Company (“Kimmeridge”): PDC is open to the views and opinions of all shareholders. We take constructive suggestions seriously, and regularly Read More