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Oil drops 4 percent on oversupply, equities sell-off

34 mins ago DieselGasoil Comments Off on Oil drops 4 percent on oversupply, equities sell-off
LONDON (Reuters) – Oil prices fell 4 percent on Tuesday, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global stock markets. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August Read More

Japan to get first aircraft carriers since World War II as part of record $242bn defense plan

2 hours ago DieselGasoil Comments Off on Japan to get first aircraft carriers since World War II as part of record $242bn defense plan
For the first time since World War II, Japan is seeking aircraft carriers to counter what it says is a growing threat from China. Tokyo also wants to purchase over 100 F-35s as part of a staggering $242-billion defense plan. Japan will spend the hefty sum on top-notch equipment between now and 2024, according to Read More

Capstone and Sawridge First Nation Awarded Contracts by the AESO in the Renewable Electricity Program in Alberta

10 hours ago DieselGasoil Comments Off on Capstone and Sawridge First Nation Awarded Contracts by the AESO in the Renewable Electricity Program in Alberta
TORONTO, Dec. 17, 2018 (GLOBE NEWSWIRE) — Capstone Infrastructure Corporation (TSX: CSE.PR.A) (the “Corporation” or “Capstone”) and its partner Sawridge First Nation (“Sawridge”) are pleased to announce that their 48 megawatt Buffalo Atlee Wind Farm project located near Jenner, Alberta was selected by the Alberta Electricity System Operator (AESO) in a competitive bidding process for Read More

Eni approves the investment plan for Merakes Development Project in Indonesia

10 hours ago DieselGasoil Comments Off on Eni approves the investment plan for Merakes Development Project in Indonesia
12/17/2018 Photo: Eni. SAN DONATO MILANESE, Milan — Eni will start with the execution of the Merakes Development Project in Indonesia following the approval received by the Minister of Energy of Indonesia and the authorization for the investment plan sanctioned by the company’s board of directors. The Merakes development project, located in the Kutei Basin, Read More

Exxon becomes Permian drill chief to combat falling oil output

11 hours ago DieselGasoil Comments Off on Exxon becomes Permian drill chief to combat falling oil output
By Kevin Crowley on 12/17/2018 Photo: Pump jack. HOUSTON (Bloomberg) — Exxon Mobil Corp. has overtaken rivals to become the most active driller in the Permian Basin, showing the urgency with which the world’s biggest oil company by market value is pursuing U.S. shale. Even after a slow start in the region of West Texas Read More

S&P 500 hits 14-month low on economic jitters ahead of Fed meeting

12 hours ago DieselGasoil Comments Off on S&P 500 hits 14-month low on economic jitters ahead of Fed meeting
NEW YORK (Reuters) – Wall Street’s major indexes all slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest level in 14 months, on concerns of slowing economic growth ahead of a highly-anticipated decision from the Federal Reserve this week on the course of interest-rate hikes. Traders work on Read More

Bodies of two Scandinavian women found in Morocco

13 hours ago DieselGasoil Comments Off on Bodies of two Scandinavian women found in Morocco
The bodies of two Scandinavian women with neck injuries “caused by a cutting device” have been found in the High Atlas mountains in Morocco. A Danish woman and another from Norway were found in an isolated mountainous area six miles (10kms) from the village of Imlil, the Moroccan interior ministry said. According to Morocco World Read More

World witnessing ‘unprecedented tensions’ & collapsed treaties but no threat of a major war – Lavrov

16 hours ago DieselGasoil Comments Off on World witnessing ‘unprecedented tensions’ & collapsed treaties but no threat of a major war – Lavrov
Collapsed international accords only lead to poor relations between countries, Russian Foreign Minister Sergey Lavrov has stated, while still admitting that a major conflict is unlikely to happen. “Unprecedented tensions are being escalated. We see international treaties collapse,” Lavrov told Komsomolskaya Pravda newspaper in an interview released on Monday. The minister recalled that back in Read More

Sundance Energy Provides December 2018 Operational Update

17 hours ago DieselGasoil Comments Off on Sundance Energy Provides December 2018 Operational Update
DENVER, Dec. 17, 2018 (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, today provided an update regarding the Company’s recent development activities and outlook regarding its 2019 development plan. 2019 Read More

Equinor's Aasta Hansteen Nowegian Sea goes online

18 hours ago DieselGasoil Comments Off on Equinor's Aasta Hansteen Nowegian Sea goes online
12/17/2018 The Aasta Hansteen platform in the Norwegian Sea. Photo: Roar Lindefjeld and Bo B. Randulff. STAVANGER — Equinor and its partners started production from the Aasta Hansteen gas field in the Norwegian Sea. Gas from the Aasta Hansteen field is available to the market for the first time and together with the Polarled pipeline Read More