newszine

Pemex production decline continues despite government stimulus, output targets

2 hours ago DieselGasoil Comments Off on Pemex production decline continues despite government stimulus, output targets
Highlights Crude output falls to 1.68 million b/d in May, still above 2019 low Gross natural gas production rises 25 MMcf/d to 4.84 Bcf/d Denver — Mexico’s state-owned producer Pemex reported a continued decline in its crude oil production last month, which was partially offset by a modest uptick in condensates, natural gas liquids and Read More

FedEx warns 2020 results to be hurt by trade war, shares fall 2%

3 hours ago DieselGasoil Comments Off on FedEx warns 2020 results to be hurt by trade war, shares fall 2%
FILE PHOTO: A Federal Express truck on delivery is pictured in downtown Los Angeles, California October 29, 2014. REUTERS/Mike Blake (Reuters) – Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned its fiscal 2020 performance would be hurt by trade uncertainty and non-renewal of Amazon contract, sending its Read More

Crude treads water as market looks to G-20 for direction

3 hours ago DieselGasoil Comments Off on Crude treads water as market looks to G-20 for direction
New York — Crude futures finished Tuesday’s session mixed as the market treaded water ahead of the G-20 summit beginning later this week in Osaka, Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE August Brent settled up 19 cents at $65.05/b while NYMEX August WTI fell 7 Read More

US to lead oil output growth through 2030: ConocoPhillips chief economist

3 hours ago DieselGasoil Comments Off on US to lead oil output growth through 2030: ConocoPhillips chief economist
Highlights Global oil demand expected to rise modestly to 2030 Refining capacity will adapt to lighter US crudes US crude export constraints seen as temporary Washington — The US will lead global oil production growth for the next decade, and tight oil can continue to grow beyond the 2030s even moderate prices, ConocoPhillips chief economist Read More

Latest US tariff threat would hurt US oil, gas output: API

4 hours ago DieselGasoil Comments Off on Latest US tariff threat would hurt US oil, gas output: API
Highlights US depends on China for key drilling fluid component API says US energy security at stake in trade dispute US Q1 crude flows to China shrink to 6,991 b/d Washington — The latest US tariffs threatened against Chinese imports would hamper US energy exports, hurt domestic energy security, and push China to import more Read More

Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi

5 hours ago DieselGasoil Comments Off on Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi
(Reuters) – Bombardier Inc said on Tuesday it will sell its money-losing regional jet business to Japan’s Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker’s exit from commercial aviation. FILE PHOTO: Bombardier’s logo is seen on the building of the company’s service centre Read More

Goad, threaten, backtrack: Trump & Bolton’s Iran policy is confusing, dangerous & achieves NOTHING

6 hours ago DieselGasoil Comments Off on Goad, threaten, backtrack: Trump & Bolton’s Iran policy is confusing, dangerous & achieves NOTHING
Washington’s fuzzy and high-drama “maximum pressure” approach to Iran has no realistic endgame – but is good for making the world a more unstable place for both America’s adversaries and allies. National Security Advisor John Bolton’s Tuesday claim that US diplomats are “surging” across the Middle East in search of a “path to peace” only Read More

GM to spend $20 million more on equipment upgrade at Arlington plant

7 hours ago DieselGasoil Comments Off on GM to spend $20 million more on equipment upgrade at Arlington plant
FILE PHOTO: A general view of the front entrance at the General Motors Assembly Plant in Arlington, Texas June 9, 2015. REUTERS/Mike Stone/File Photo (Reuters) – General Motors Co said on Tuesday it would invest an additional $20 million to upgrade equipment at the automaker’s Arlington Assembly plant in Texas, ahead of the launch of Read More

Essential Energy Services Provides a Patent Litigation Update

7 hours ago DieselGasoil Comments Off on Essential Energy Services Provides a Patent Litigation Update
CALGARY, Alberta, June 25, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) provides an update with regards to the patent litigation. As previously disclosed, on April 25, 2019, the Federal Court of Appeal released its decision (the “Appeal Decision”) dismissing the appeal filed by Packers Plus Energy Services Inc. Read More

International Petroleum Corporation announces commencement of drilling program in Malaysia

8 hours ago DieselGasoil Comments Off on International Petroleum Corporation announces commencement of drilling program in Malaysia
TORONTO, June 25, 2019 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has commenced drilling of the first well in a planned multi-well drilling program on Block PM307, located offshore Peninsular Malaysia. IPC is the operator of Block PM307 and holds a 75% working interest, with Read More