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China’s debt tops 300% of GDP, constituting 15% of all global debt – report

4 days ago DieselGasoil Comments Off on China’s debt tops 300% of GDP, constituting 15% of all global debt – report
A report from the Institute of International Finance (IIF) has shown rising debt levels worldwide. The world’s second-largest economy China’s debt exceeded 303 percent of gross domestic product in the first quarter of the year. Data showed the country’s total corporate, household and government debt rose from 297 percent in the same period a year Read More

Analysis: India speeds up oil, gas search by offering more blocks

4 days ago DieselGasoil Comments Off on Analysis: India speeds up oil, gas search by offering more blocks
Highlights State-owned oil companies win most of the blocks Government hopes to attract more than $1 billion in investments Reliance makes maiden foray in the OALP regime India is speeding up oil and gas search by offering 32 oil blocks under its first licensing auction during the government’s second term in office, as it aims Read More

Sundance Energy Australia Limited Announces Agreement to Sell Dimmit County Assets for US$29.5 Million

5 days ago DieselGasoil Comments Off on Sundance Energy Australia Limited Announces Agreement to Sell Dimmit County Assets for US$29.5 Million
DENVER, July 17, 2019 (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 announced that it had entered into a definitive agreement to sell its assets in Dimmit County, TX Read More

MAN Energy Solutions awarded subsea compression FEED order

5 days ago DieselGasoil Comments Off on MAN Energy Solutions awarded subsea compression FEED order
7/17/2019 ZURICH – MAN Energy Solutions has been awarded a contract to support the FEED study of a subsea compression solution for the Chevron-operated Jansz-Io field in Western Australia. “We are very proud to work with our alliance partner Aker Solutions on the Jansz-Io field development project for Chevron Australia,” says Uwe Lauber, CEO of Read More

Pemex seeks to reverse oil declines, balance budgets

6 days ago DieselGasoil Comments Off on Pemex seeks to reverse oil declines, balance budgets
By Amy Stillman on 7/16/2019 MEXICO CITY (Bloomberg) — Mexico’s Petroleos Mexicanos aims to balance its budget by 2021 and reverse a decade and half of declining crude production as early as next year. Under the presidency of Andres Manuel Lopez Obrador, Pemex will invest 1.95 trillion pesos ($102 billion) by 2024, it said in Read More

Sanchez Energy Enters Interest Payment Grace Period to Continue Discussions with Stakeholders

7 days ago DieselGasoil Comments Off on Sanchez Energy Enters Interest Payment Grace Period to Continue Discussions with Stakeholders
HOUSTON, July 15, 2019 (GLOBE NEWSWIRE) — Sanchez Energy Corporation (“Sanchez Energy” or the “Company”) (OTC Pink: SNEC) today announced that the Company has elected to defer making an interest payment on its 6.125% Senior Notes due 2023 (the “6.125% Notes”) while it continues ongoing constructive discussions with its bondholders and other stakeholders on a Read More

Expro awarded subsea contract by Pacific Santa Ana, offshore Mauritania

1 week ago DieselGasoil Comments Off on Expro awarded subsea contract by Pacific Santa Ana, offshore Mauritania
7/15/2019 ABERDEEN — International oilfield services company Expro has been awarded a contract by Pacific Drilling LLC’s subsidiary, Pacific Santa Ana, Ltd., for the provision of an Intervention Riser System (IRS) for Petronas’ Chinguetti Field Phase II plug and abandonment (P&A) contract, offshore Mauritania. Expro’s IRS. The contract, valued at $20 million, will see Expro Read More

Decommissioning in Shetland expands with the arrival of more North Sea structures

1 week ago DieselGasoil Comments Off on Decommissioning in Shetland expands with the arrival of more North Sea structures
7/15/2019 WEST SUSSEX — The Dales Voe decommissioning facility in Shetland is one step closer to becoming a center of excellence for recycling offshore structures from the North Sea with the arrival of two new installations for decommissioning by strategic partners Veolia and Peterson. The structures from Spirit Energy’s ST-1 arrived in the dedicated port Read More

McDermott wins FEED contract for Sohar LNG bunkering project in Oman

1 week ago DieselGasoil Comments Off on McDermott wins FEED contract for Sohar LNG bunkering project in Oman
7/15/2019 HOUSTON — McDermott International, Inc., announced it has been awarded a sizeable contract by Total Oman E&P Development B.V. in partnership with Oman Oil Company S.O.A.C. to provide front-end engineering design (FEED) services for the Sohar LNG bunkering project in Oman. This project is intended to establish Oman as a regional LNG bunkering hub Read More