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Iran says it’s ready for war with US after Saudi oil attack accusations

2 days ago DieselGasoil Comments Off on Iran says it’s ready for war with US after Saudi oil attack accusations
By Lucia Binding, news reporter Iran has dismissed US accusations it was behind drone attacks on Saudi Arabia’s oil plants, and warned it is ready for a “full-fledged” war. Iranian foreign ministry spokesman Abbas Mousavi said Washington had adopted a “maximum pressure” strategy against Iran, but because of “it’s failure is leaning toward Read More

Global spare oil capacity in U.S. hands after Saudi outage

2 days ago DieselGasoil Comments Off on Global spare oil capacity in U.S. hands after Saudi outage
LONDON (Reuters) – An attack on Saudi oil facilities on Saturday is believed to have disrupted half the country’s production capacity, making the United States the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers. FILE PHOTO: Oil pump jacks Read More

Coordinated drone attack cuts Saudi oil production in half

2 days ago DieselGasoil Comments Off on Coordinated drone attack cuts Saudi oil production in half
By Javier Blas and Nayla Razzouk on 9/14/2019 DUBAI (Bloomberg) – Saudi Arabia’s oil production was cut by half after a swarm of explosive drones struck at the heart of the kingdom’s oil industry and set the world’s biggest crude-processing plant ablaze. Saudi Aramco Abqaiq facility Saudi Aramco has had to cut production by as Read More

Black is the new black: Scientists create darkest-ever material by accident (PHOTO)

3 days ago DieselGasoil Comments Off on Black is the new black: Scientists create darkest-ever material by accident (PHOTO)
Scientists have stumbled across the blackest material ever seen, which absorbs 99.995 percent of light and makes the previously known blackest black pale in comparison. The ultra-black material is made from vertically aligned microscopic carbon strings called carbon nanotubes (CNTs). Researchers have no idea why it is so dark, but they are excited about its Read More

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces All-Equity Acquisition

3 days ago DieselGasoil Comments Off on Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces All-Equity Acquisition
MIDLAND, Texas, Sept. 13, 2019 (GLOBE NEWSWIRE) — Viper Energy Partners LP (NASDAQ:VNOM) (“Viper” or the “Partnership”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced it has entered into a definitive purchase and sale agreement (“the Purchase and Sale Agreement”) to acquire certain mineral and royalty interests (“the Assets”) from Santa Elena Minerals, Read More

The US shale revolution has reshaped the energy landscape at home and abroad, according to latest IEA policy review

3 days ago DieselGasoil Comments Off on The US shale revolution has reshaped the energy landscape at home and abroad, according to latest IEA policy review
9/13/2019 WASHINGTON – The International Energy Agency released its latest in-depth review of US energy policies on Friday, welcoming US leadership on innovation and highlighting the far-reaching impact of the country’s shale revolution.  The shale boom has transformed the United States into the world’s top oil and gas producer and a leading exporter for the Read More

Australian state to cart truckloads of water to drought-hit town

4 days ago DieselGasoil Comments Off on Australian state to cart truckloads of water to drought-hit town
SYDNEY (Reuters) – An Australian state will spend tens of thousands of dollars each month to truck water into a drought-hit town that is forecast to run out of drinking water by December, it said on Friday. The northeastern state of Queensland has announced A$2.4 million ($1.65 million) in emergency funds, which would include A$800,000 Read More

Contango Announces Pricing of $50 Million Common Stock Offering and Concurrent Private Placement

4 days ago DieselGasoil Comments Off on Contango Announces Pricing of $50 Million Common Stock Offering and Concurrent Private Placement
HOUSTON, Sept. 13, 2019 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today announced that it has priced a public offering of approximately 44.7 million shares of its common stock for total gross proceeds (before the underwriting discount and estimated expenses) of $42.5 million. The underwriters have a Read More

Record low rates deliver competitive advantages to Australia’s biggest banks: regulator

4 days ago DieselGasoil Comments Off on Record low rates deliver competitive advantages to Australia’s biggest banks: regulator
SYDNEY (Reuters) – Australia’s banking watchdog on Friday said record-low interest rates are likely to benefit the country’s “Big Four” lenders over their smaller counterparts due to their better capital position and access to cheaper funds. FILE PHOTO: A man uses his mobile phone as he leaves the Commonwealth Bank of Australia building in central Read More

U.S. takes major step toward oil drilling in Alaska wildlife refuge

4 days ago DieselGasoil Comments Off on U.S. takes major step toward oil drilling in Alaska wildlife refuge
WASHINGTON/LOS ANGELES (Reuters) – The Trump administration on Thursday took a major step toward opening Alaska’s Arctic National Wildlife Refuge to oil drilling, drawing criticism from environmentalists and an effort by Democratic lawmakers to put the pristine wilderness area off limits to development. FILE PHOTO: A polar bear keeps close to her young along the Read More