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Pentagon claims Iran’s Revolutionary Guards behind ship ‘sabotage’ off UAE coast as Abu Dhabi mum

19 hours ago DieselGasoil Comments Off on Pentagon claims Iran’s Revolutionary Guards behind ship ‘sabotage’ off UAE coast as Abu Dhabi mum
The US military has blamed the Iranian elite unit for damage sustained by four commercial ships off the shore of the United Arab Emirates but gave no proof of their claims while the nature of the incident remains unknown. “The attack against the shipping in Fujairah we attribute it to the IRGC,” Rear Admiral Michael Read More

Russia, eyeing Arctic future, launches nuclear icebreaker

22 hours ago DieselGasoil Comments Off on Russia, eyeing Arctic future, launches nuclear icebreaker
ST PETERSBURG, Russia (Reuters) – Russia launched a nuclear-powered icebreaker on Saturday, part of an ambitious program to renew and expand its fleet of the vessels in order to improve its ability to tap the Arctic’s commercial potential. A view shows the nuclear-powered icebreaker “Ural” during the float out ceremony at the Baltic Shipyard in Read More

Democratic presidential hopeful Klobuchar proposes revamping EPA ethanol rules

1 day ago DieselGasoil Comments Off on Democratic presidential hopeful Klobuchar proposes revamping EPA ethanol rules
WASHINGTON (Reuters) – Democratic presidential hopeful Amy Klobuchar on Saturday called for revamping the Environmental Protection Agency’s (EPA) rules governing how refineries use ethanol in gasoline products, a proposal aimed at the politically critical state of Iowa. FILE PHOTO: U.S. Senator Amy Klobuchar declares her candidacy for the 2020 Democratic presidential nomination in Minneapolis, Minnesota, Read More

South African government withdraws sulfur dioxide emissions changes ahead of carbon tax

1 day ago DieselGasoil Comments Off on South African government withdraws sulfur dioxide emissions changes ahead of carbon tax
(Corrects headline and paragraphs 4, 5 and 7 of this May 24 story to show government withdrew changes before court ruling.) FILE PHOTO: Workers are seen near cooling towers of the Hendrina power station, located south of Middelburg, South Africa, July 13, 2018. REUTERS/Siphiwe Sibeko JOHANNESBURG (Reuters) – South Africa’s average temperatures are rising more Read More

Oil rises more than 1% but sets biggest weekly loss of 2019

2 days ago DieselGasoil Comments Off on Oil rises more than 1% but sets biggest weekly loss of 2019
NEW YORK (Reuters) – Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July Read More

Trudeau’s pipeline expansion gets boost from court ruling

2 days ago DieselGasoil Comments Off on Trudeau’s pipeline expansion gets boost from court ruling
By Natalie Obiko Pearson on 5/24/2019 Photo: Canada Prime Minister Justin Trudeau. VANCOUVER (Bloomberg) — Prime Minister Justin Trudeau’s bid to complete the controversial Trans Mountain pipeline expansion has received a British Columbia top appeals court ruling that states that the province doesn’t have the jurisdiction to restrict shipments of oil-sands crude. Premier John Horgan’s Read More

Global stocks climb on muted trade hopes, dollar slips

2 days ago DieselGasoil Comments Off on Global stocks climb on muted trade hopes, dollar slips
NEW YORK (Reuters) – World equity markets rebounded on Friday from the previous day’s sharp fall, boosted after U.S. President Donald Trump said complaints against China’s Huawei Technologies might be resolved within the framework of a Sino-U.S. trade deal. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Terra Nova to Exhibit at APPEA 2019 Conference

2 days ago DieselGasoil Comments Off on Terra Nova to Exhibit at APPEA 2019 Conference
TORONTO, May 24, 2019 (GLOBE NEWSWIRE) — Terra Nova Resources Inc. (“TNR” or “the Company”) (CSE: TENO) is pleased to announce that it will participate in the 2019 Australian Petroleum Production & Exploration Association (APPEA) Conference as an exhibitor in Brisbane, Australia, between May 27 to 30, 2019. The APPEA Oil and Gas Conference and Read More

Oil and Gas leaders look for cost reduction and efficiency gains

2 days ago DieselGasoil Comments Off on Oil and Gas leaders look for cost reduction and efficiency gains
5/24/2019 Photo: (right) Ryan Lance, chairman and CEO, ConocoPhillips during the AIPN Summit. HOUSTON — Speaking at the closing of the AIPN 2019 International Petroleum Summit (IPS), Ryan Lance, chairman and CEO of ConocoPhillips spoke about his company’s “hyper focus on returns” highlighting that the “returns the energy industry has generated have been negative over Read More

Oceaneering’s advanced vessel christened before industry crowd

2 days ago DieselGasoil Comments Off on Oceaneering’s advanced vessel christened before industry crowd
By World Oil staff on 5/24/2019 Photo: Oceaneering’s Ocean Evolution MSV in Galveston, Texas. GALVESTON, Texas — This morning, May 24, Oceaneering International conducted the official christening of its newest vessel, MSV Ocean Evolution in Galveston, Texas. In addition to the hour-long christening, tours of the vessel have been conducted this afternoon, accompanied by food Read More