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Iraq slams Exxon Mobil’s staff evacuation, says it’s politically motivated

2 days ago DieselGasoil Comments Off on Iraq slams Exxon Mobil’s staff evacuation, says it’s politically motivated
Exxon Mobil’s decision to take its foreign employees out from the West Qurna 1 oilfield was unjustified, according to Iraq’s oil minister. He added that the withdrawal does not pose a threat to the country’s oilfields. “The withdrawal of multiple employees – despite their small number – temporarily has nothing to do with the security Read More

Exxon evacuates foreign staff from Iraqi oilfield

3 days ago DieselGasoil Comments Off on Exxon evacuates foreign staff from Iraqi oilfield
BASRA, Iraq/DUBAI (Reuters) – Exxon Mobil has evacuated all of its foreign staff, around 60 people, from Iraq’s West Qurna 1 oilfield and is flying them out to Dubai, a senior Iraqi official and three other sources told Reuters on Saturday. A logo of the Exxon Mobil Corp is seen at the Rio Oil and Read More

Exxon evacuates foreign staff from Iraqi oilfield: Iraqi official, sources

3 days ago DieselGasoil Comments Off on Exxon evacuates foreign staff from Iraqi oilfield: Iraqi official, sources
BASRA, Iraq/DUBAI (Reuters) – Exxon Mobil has evacuated all of its foreign staff from Iraq’s West Qurna 1 oilfield and is flying them out to Dubai, a senior Iraqi official and three other sources told Reuters on Saturday. A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Read More

Exxon Mobil evacuates foreign staff from Iraqi oilfield: sources

3 days ago DieselGasoil Comments Off on Exxon Mobil evacuates foreign staff from Iraqi oilfield: sources
A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes DUBAI/BASRA, Iraq (Reuters) – Exxon Mobil has evacuated all of its foreign staff from Iraq’s West Qurna 1 oilfield and is flying them out to Dubai, three Read More

Bonanza Creek Energy Announces Results of Borrowing Base Redetermination and Participation in Upcoming Investor Conference

4 days ago DieselGasoil Comments Off on Bonanza Creek Energy Announces Results of Borrowing Base Redetermination and Participation in Upcoming Investor Conference
DENVER, May 16, 2019 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) today announces that the lenders under its senior secured credit facility have concluded their semi-annual redetermination, resulting in an increase in the borrowing base to $375 million from $350 million. While the bank syndicate fully subscribed to Read More

Oil prices rise more than 1% as Middle East conflict persists

4 days ago DieselGasoil Comments Off on Oil prices rise more than 1% as Middle East conflict persists
NEW YORK (Reuters) – Oil futures were up more than 1% on Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its crude infrastructure. FILE PHOTO: Pump jacks operate at sunset in an oilfield in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Read More

Brent oil moves toward $73 on Middle East tensions

5 days ago DieselGasoil Comments Off on Brent oil moves toward $73 on Middle East tensions
LONDON (Reuters) – Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories. FILE PHOTO: Pump jacks operate at sunset in an oilfield in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Brent crude futures were up $1.03 Read More

Oil edges up for third session on Mideast tensions

5 days ago DieselGasoil Comments Off on Oil edges up for third session on Mideast tensions
TOKYO (Reuters) – Oil prices pushed higher on Thursday for a third day in a row, as fears of supply disruptions amid heightened tensions in the Middle East overshadowed an unexpected rise in U.S. inventories. FILE PHOTO: Pump jacks operate at sunset in an oilfield in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Read More

Oil rises for a third day amid escalating Mideast tensions

5 days ago DieselGasoil Comments Off on Oil rises for a third day amid escalating Mideast tensions
TOKYO (Reuters) – Oil prices rose on Thursday for a third straight session, as the risk of conflict in the Middle East stoked fears of supply disruptions, negating an unexpected rise in U.S. inventories. FILE PHOTO: Pump jacks operate at sunset in an oilfield in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Brent Read More