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Iraq signs deal with Boskalis that could almost double oil exports capacity

9 hours ago DieselGasoil Comments Off on Iraq signs deal with Boskalis that could almost double oil exports capacity
Amman, Jordan — Iraq signed a heads of agreement with Dutch firm Boskalis to build an artificial island south of the Abot tanker terminal in the Persian Gulf to almost double its export capacity and increase storage room in three years. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Dril-Quip, Inc. Announces Termination of Contract Award for Ca Rong Do Project

1 day ago DieselGasoil Comments Off on Dril-Quip, Inc. Announces Termination of Contract Award for Ca Rong Do Project
HOUSTON, Sept. 16, 2019 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ) today announced that the contract award between its subsidiary Dril-Quip Asia Pacific Pte Ltd. and Repsol for the supply of drilling Top Tensioned Riser (TTR) systems for the Ca Rong Do (CRD) project located offshore Vietnam has been terminated.  The contract was awarded in Read More

TGS acquisitions, deepwater node firsts accelerate growth

2 days ago DieselGasoil Comments Off on TGS acquisitions, deepwater node firsts accelerate growth
9/16/2019 HOUSTON – TGS, a leading provider of multi-client geoscience data, announced achievement of five milestones accelerating the company’s growth strategy. The achievements include new technologies in key basins; strengthening position in the South Atlantic; further growth onshore; enhancing imaging and efficiencies; and expanding the value chain through data and analytics. At the SEG conference Read More

Harvest Oil & Gas Completes Divestitures of Barnett Shale and Mid-Continent Assets, Announces Planned New Credit Facility and Initiation of Strategic Review Process

2 days ago DieselGasoil Comments Off on Harvest Oil & Gas Completes Divestitures of Barnett Shale and Mid-Continent Assets, Announces Planned New Credit Facility and Initiation of Strategic Review Process
HOUSTON, Sept. 16, 2019 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced that it has completed the previously announced sales of Barnett Shale assets and certain Mid-Continent area assets located in the Anadarko Basin and SCOOP/STACK. In addition, the Company plans to enter into a new credit Read More

RAK Petroleum plc Releases Half-Year Financial Report for the Period Ended 30 June 2019

2 days ago DieselGasoil Comments Off on RAK Petroleum plc Releases Half-Year Financial Report for the Period Ended 30 June 2019
United Kingdom, 16 September 2019 RAK Petroleum plc, the Oslo-listed oil and gas investment company, today released its Half-Year Financial Report for the period ended 30 June 2019.  A copy is attached and is available at http://www.rakpetroleum.uk/Investor-relations/Reports-and-presentations/Financial-reporting/Annual-reports ***************** For further queries, please contact:Kevin TonerManaging DirectorRAK Petroleum plcEmail: kevin.toner@rakpetroleum.uk RAK Petroleum plc is an Oslo Børs Read More

Iran signs $440 million deal to develop Belal gas field

4 days ago DieselGasoil Comments Off on Iran signs $440 million deal to develop Belal gas field
Tehran has signed a $440 million contract with a local company to develop the Belal gas field Iran shares with Qatar. The country’s oil minister has celebrated the deal as a sign that no US sanctions can stop Iran’s oil industry. The contract was signed between Pars Oil and Gas Company (POGC), a subsidiary of Read More

Analysis: SCOOP/STACK operators scale back rig activity by 40% so far in 2019

4 days ago DieselGasoil Comments Off on Analysis: SCOOP/STACK operators scale back rig activity by 40% so far in 2019
Highlights Producers subject to stricter earthquake rules Production still on track for steady growth Denver — Operators in Oklahoma’s SCOOP/STACK, once one of the hottest US onshore plays outside the Permian, have scaled back on the number of rigs by 40% year to date, while earthquake have caused producers to halt activity in some areas. Read More

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces All-Equity Acquisition

4 days ago DieselGasoil Comments Off on Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces All-Equity Acquisition
MIDLAND, Texas, Sept. 13, 2019 (GLOBE NEWSWIRE) — Viper Energy Partners LP (NASDAQ:VNOM) (“Viper” or the “Partnership”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced it has entered into a definitive purchase and sale agreement (“the Purchase and Sale Agreement”) to acquire certain mineral and royalty interests (“the Assets”) from Santa Elena Minerals, Read More

Southeast New Mexico acquires United flights to Denver, Houston

4 days ago DieselGasoil Comments Off on Southeast New Mexico acquires United flights to Denver, Houston
9/13/2019 HOBBS, NM – The size of the Permian basin in southeastern New Mexico represents one of the largest fields in the United States, and residents of the area are taking action to facilitate the growth of the oil and gas industry in the area. After a recently completed expansion of the regional airport, Lea Read More

Contango Announces Pricing of $50 Million Common Stock Offering and Concurrent Private Placement

5 days ago DieselGasoil Comments Off on Contango Announces Pricing of $50 Million Common Stock Offering and Concurrent Private Placement
HOUSTON, Sept. 13, 2019 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today announced that it has priced a public offering of approximately 44.7 million shares of its common stock for total gross proceeds (before the underwriting discount and estimated expenses) of $42.5 million. The underwriters have a Read More