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Delphi Energy Corp. Announces Close of Alliance Service Sale and Agreement to Reactivate Alliance Lateral Line

11 hours ago DieselGasoil Comments Off on Delphi Energy Corp. Announces Close of Alliance Service Sale and Agreement to Reactivate Alliance Lateral Line
CALGARY, Alberta, Sept. 16, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces the closing of the sale of a portion of its Alliance Service and the execution of an Interconnection Development Agreement with Alliance Pipeline Limited Partnership to reactivate its lateral line to the company-owned Bigstone West Gas Plant located at Read More

World sleepwalking into total nuclear war as callous elites fear no bloodshed – Russian scholar

12 hours ago DieselGasoil Comments Off on World sleepwalking into total nuclear war as callous elites fear no bloodshed – Russian scholar
Limiting nuclear arsenals doesn’t make the world safer – not while the elites, who have never seen a big war, complacently believe they never will. This dangerous illusion invites apocalyptic conflict, a renowned scholar believes. Humankind’s history might be a history of wars, but for several decades there was a sort of lull, with no Read More

Gold & silver rally as investors seek safe havens amid global uncertainty

13 hours ago DieselGasoil Comments Off on Gold & silver rally as investors seek safe havens amid global uncertainty
The price of gold surged more than one percent on Monday as investors turned to safe-haven assets, following attacks at the weekend on Saudi Arabia’s oil and gas facilities. The strikes cut off five percent of world oil supply. The yellow metal jumped 1.2 percent at the open, hitting $1,506 per ounce. Gold is now Read More

VAALCO Energy, Inc. Announces Intention to List on the Main Market of the London Stock Exchange

15 hours ago DieselGasoil Comments Off on VAALCO Energy, Inc. Announces Intention to List on the Main Market of the London Stock Exchange
HOUSTON, Sept. 16, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) (“VAALCO” or the “Company”), an independent energy company focused on development and production assets in West Africa, today announces its formal intention to seek a Standard Listing on the Main Market of London Stock Exchange (”LSE”), to complement its existing Listing on the Read More

Oil prices soar 10% after attack on Saudi facilities hits global supply

22 hours ago DieselGasoil Comments Off on Oil prices soar 10% after attack on Saudi facilities hits global supply
SEOUL/NEW YORK (Reuters) – Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia’s oil facilities on Saturday that cut more than 5% of global oil supply. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 Read More

U.S. oil companies set to benefit from Saudi supply disruption

23 hours ago DieselGasoil Comments Off on U.S. oil companies set to benefit from Saudi supply disruption
By Tina Davis on 9/15/2019 NEW YORK (Bloomberg) –Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise in crude prices. The biggest moves could come from U.S. oil companies with a sizable short interest, including Apache, Continental Resources, Concho Resources, Devon Energy Read More

U.S. shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities

1 day ago DieselGasoil Comments Off on U.S. shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities
HOUSTON (Reuters) – U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels lost from weekend attacks on Saudi Aramco facilities, energy experts said on Sunday. FILE PHOTO – A pump jack operates in the Permian Basin oil and natural Read More

Oil prices surge 15% after attack on Saudi facilities hits global supply

1 day ago DieselGasoil Comments Off on Oil prices surge 15% after attack on Saudi facilities hits global supply
NEW YORK (Reuters) – Oil prices surged more than 15% to their highest level in nearly four months at the open on Sunday after an attack on Saudi Arabia’s oil facilities on Saturday that knocked out more than 5% of global oil supply. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original Read More

Saudis race to restore oil output after Aramco attacks

1 day ago DieselGasoil Comments Off on Saudis race to restore oil output after Aramco attacks
By Nayla Razzouk and Javier Blas on 9/15/2019 DUBAI (Bloomberg) – Saudi Arabia is racing to restore oil production after a brazen drone strike on a key Aramco facility slashed its output by half, or about 5% of world supply, an assault that the U.S. has blamed on Iran. Saudi Aramco’s Abqaiq crude production facility Read More