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New York court dismisses whistleblower’s libel suit against UBS

2 days ago DieselGasoil Comments Off on New York court dismisses whistleblower’s libel suit against UBS
FILE PHOTO: The logo of Swiss bank UBS at an office building in Zurich July 27, 2015. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – A New York appeals court has dismissed a U.S. whistleblower’s $20 million libel suit against Swiss bank UBS, his former employer, concluding that statements the Zurich-based bank made about him were at Read More

Sembcorp Marine completes world’s biggest semi-submersible crane vessel for Heerema

2 days ago DieselGasoil Comments Off on Sembcorp Marine completes world’s biggest semi-submersible crane vessel for Heerema
5/24/2019 Photo: Sembcorp Marine’s world’s heaviest semi-submersible crane vessel, Sleipnir. SINGAPORE — The world’s biggest semi-submersible crane vessel (SSCV) is set to blaze a trail when it enters into service in the coming months, armed with the strongest pair of revolving cranes for offshore oil, gas and renewable energy installation and decommissioning jobs. Named after Read More

Shell Midstream Partners, L.P. Announces Proteus and Endymion Transports First Oil from Shell-operated Appomattox in the Gulf of Mexico

2 days ago DieselGasoil Comments Off on Shell Midstream Partners, L.P. Announces Proteus and Endymion Transports First Oil from Shell-operated Appomattox in the Gulf of Mexico
Houston, May 24, 2019 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (NYSE: SHLX) announced today that the systems owned by Proteus Oil Pipeline Company LLC (“Proteus”) and Endymion Oil Pipeline Company LLC (“Endymion”) increased volumes of crude oil from the startup of the Shell-operated Appomattox floating production system via the newly commissioned Mattox Pipeline (“Mattox”), Read More

Light PBOC touch makes once unlikely yuan at 7/$ seem possible

2 days ago DieselGasoil Comments Off on Light PBOC touch makes once unlikely yuan at 7/$ seem possible
SHANGHAI (Reuters) – As China’s yuan slips to historically weak levels against the dollar, the central bank’s atypical light touch is spurring speculation that policymakers want to be more judicious in their intervention and have no specific target for the currency. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, Read More

In Vietnam’s booming energy sector coal reigns, but renewables play catch-up

2 days ago DieselGasoil Comments Off on In Vietnam’s booming energy sector coal reigns, but renewables play catch-up
HANOI/SINGAPORE (Reuters) – Vietnam has become a hot spot for energy investors eying a spend of up to $150 billion over the coming decade to meet surging power demand, with coal set to dominate despite signs of a government effort to go green. FILE PHOTO: Power-generating windmill turbines are pictured at a wind park in Read More

Talos CEO says ‘interested’ in Anadarko’s Gulf of Mexico assets, if Oxy sells

3 days ago DieselGasoil Comments Off on Talos CEO says ‘interested’ in Anadarko’s Gulf of Mexico assets, if Oxy sells
Houston — Small Gulf of Mexico operator Talos Energy may be interested in buying some of Anadarko Petroleum’s deepwater Gulf of Mexico assets that Occidental Petroleum will acquire in its pending $57 billion purchase of that company, Talos’ CEO said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

US forecasters predict ‘near-normal’ Atlantic hurricane season with two-four major storms

3 days ago DieselGasoil Comments Off on US forecasters predict ‘near-normal’ Atlantic hurricane season with two-four major storms
Highlights Outlook sees up to 15 named storms, eight hurricanes Rising US oil, gas exports add to energy sector risks Demand destruction remains top power concern Washington — The US National Oceanic and Atmospheric Administration predicts four to eight hurricanes will develop during this year’s Atlantic hurricane season, including two to four major storms with Read More

US rig count adds nine on week, despite Permian drop: Platts Analytics

3 days ago DieselGasoil Comments Off on US rig count adds nine on week, despite Permian drop: Platts Analytics
Denver — Permian sheds seven rigs Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Gas production slowing in Appalachia, Haynesville US oil and natural gas rigs totaled 1,074 for the week ended May 22, according to data by S&P Global Platts Analytics. This represents a net increase of nine Read More

Oil potential remains abundant beyond shale

3 days ago DieselGasoil Comments Off on Oil potential remains abundant beyond shale
5/23/2019 HOUSTON — How does the oil and gas industry plan its future in the ever-changing operating environment? The Association of International Petroleum Negotiators (AIPN) International Petroleum Summit, held in Houston this week, focused on a number of themes which will help companies determine a strategy for the years ahead. The event is timely as Read More

With US offshore plan likely scrapped, industry pursues changes to federal lease terms

3 days ago DieselGasoil Comments Off on With US offshore plan likely scrapped, industry pursues changes to federal lease terms
Highlights Lobbyists want royalty rates reduced, time limits extended Priority to expand into eastern Gulf meets Florida opposition Gulf output, forecast to average 2 million b/d, may soon peak Washington — A Trump administration plan to expand offshore oil and natural gas leasing to nearly all federal waters will likely be scrapped and redrawn, with Read More