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Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact

6 hours ago DieselGasoil Comments Off on Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact
BRASILIA (Reuters) – Brazil’s backsliding on Amazon conservation under right-wing President Jair Bolsonaro and a likely Peronist return to power in Argentina could delay or even derail ratification of an EU-Mercosur trade agreement that took two decades to negotiate. FILE PHOTO: An aerial view of a tract of Amazon jungle recently cleared by loggers and Read More

EQM stops some work on WV-VA Mountain Valley natgas pipe

10 hours ago DieselGasoil Comments Off on EQM stops some work on WV-VA Mountain Valley natgas pipe
(Reuters) – EQM Midstream Partners LP (EQM.N) told U.S. federal regulators the company would stop some work on its long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia as the U.S. Fish and Wildlife Service reviews a couple of permits. Despite the delay, analysts on Friday said they expect Mountain Valley will enter Read More

Frac companies get fresh hope UK government will loosen rules

17 hours ago DieselGasoil Comments Off on Frac companies get fresh hope UK government will loosen rules
By Timothy Abington and Jeremy Hodges on 8/16/2019 LONDON (Bloomberg) – A change of British government has given the much-maligned fracing industry another opportunity to make out its case for stimulating the controversial technique to tap unconventional natural gas reserves. Prime Minister Boris Johnson and his new business minister, Andrea Leadsom, have come out in Read More

API: Total U.S. petroleum demand in July highest since 2005

18 hours ago DieselGasoil Comments Off on API: Total U.S. petroleum demand in July highest since 2005
8/16/2019 WASHINGTON – Total U.S. petroleum demand averaged 20.8 MMbpd in July 2019, which represented a 0.9% year-over-year increase and the highest demand for the month since 2005, according to the latest Monthly Statistical Report released today by the American Petroleum Institute. The increase in demand came as the U.S. continued to sustain world-leading production, Read More

EIA: Natural gas production at record-high levels despite low prices

23 hours ago DieselGasoil Comments Off on EIA: Natural gas production at record-high levels despite low prices
8/16/2019 WASHINGTON – U.S. natural gas production continued to increase in August despite relatively low natural gas spot prices, setting a new daily production record of 92.1 Bcfd on August 5, 2019, according to data from OPIS PointLogic Energy. Natural gas production increased by 1.5 Bcfd (2.5%) between May and August 2019, led by production Read More

TransGlobe Energy Corporation Announces an Update to a Significant Shareholder

1 day ago DieselGasoil Comments Off on TransGlobe Energy Corporation Announces an Update to a Significant Shareholder
CALGARY, Alberta, Aug. 16, 2019 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) understands that as of August 14, 2019, Morgan Stanley, through various funds, individuals and/or institutional clients of the foregoing, beneficially own an aggregate interest in 5,006,884 common shares of the Company, which represents Read More

‘Crazy inverted yield curve’ vexes Fed, with no clear resolution

1 day ago DieselGasoil Comments Off on ‘Crazy inverted yield curve’ vexes Fed, with no clear resolution
WASHINGTON (Reuters) – Amid the recent financial market volatility, the interest rates on some long-dated government bonds have fallen below the level for short-term debt. FILE PHOTO: A trader looks at screens as he works on the floor at the New York Stock Exchange, August 13, 2019. REUTERS/Eduardo Munoz Called a “yield curve inversion,” this Read More

US oil, gas rig count falls 15 on week to level not seen since May 2017

1 day ago DieselGasoil Comments Off on US oil, gas rig count falls 15 on week to level not seen since May 2017
Houston — The US oil and natural gas rig count fell this week to a low not seen since May 2017 as activity dropped or stalled in all the country’s major basins, information published by RigData showed Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now As of Wednesday, Read More

Sundance Energy Australia Limited Reports Second Quarter 2019 Financial and Operational Results

1 day ago DieselGasoil Comments Off on Sundance Energy Australia Limited Reports Second Quarter 2019 Financial and Operational Results
DENVER, Aug. 15, 2019 (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, reported its second quarter 2019 financial and operations results today. Second Quarter 2019 Financial Results Highlights Second quarter Read More

Argentina delays price freeze as oil sector warns of hit to investment, output

2 days ago DieselGasoil Comments Off on Argentina delays price freeze as oil sector warns of hit to investment, output
Buenos Aires — Argentina’s Energy Secretariat has delayed the enforcement of a 90-day freeze on diesel (gasoil) and gasoline prices that President Mauricio Macri proposed Wednesday, a move seen as appeasing the concerns of oil companies that it could slow drilling activity and production growth. Not registered? Receive daily email alerts, subscriber notes & personalize Read More