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Exxon shuts Beaumont, Texas refinery, others cut back due to storm: sources

3 hours ago DieselGasoil Comments Off on Exxon shuts Beaumont, Texas refinery, others cut back due to storm: sources
HOUSTON (Reuters) – Exxon Mobil Corp shut its 369,024 barrel per day (bpd) Beaumont, Texas, crude oil refinery on Thursday because of flooding from Tropical Storm Imelda, sources familiar with plant operations said. Other refineries in southeast Texas cut back production as heavy rain continued to fall for a second day from Houston to western Read More

Hydrostor Announces Close of US$37 Million Growth Financing

4 hours ago DieselGasoil Comments Off on Hydrostor Announces Close of US$37 Million Growth Financing
TORONTO, Sept. 19, 2019 (GLOBE NEWSWIRE) — Hydrostor, a leading developer of Advanced Compressed Air Energy Storage (A-CAES) projects, announced today the closing of US$37 million (C$49 million) in growth financing. RBC Capital Markets acted as Hydrostor’s advisor on the transaction. Meridiam, the global developer, asset and fund manager specializing in sustainable infrastructure and energy Read More

Exxon shuts Beaumont, Texas refinery due to flooding: sources

5 hours ago DieselGasoil Comments Off on Exxon shuts Beaumont, Texas refinery due to flooding: sources
HOUSTON (Reuters) – Exxon Mobil Corp has shut its 369,024 barrel per day (bpd) Beaumont, Texas, crude oil refinery because of flooding from Tropical Storm Imelda, sources familiar with plant operations said on Thursday. Spokesman Jeremy Eikenberry said on Tuesday that Exxon’s Beaumont chemical plant adjoining the refinery was safely shut on Thursday morning. Total Read More

Talos Energy strikes Gulf of Mexico deals with BP, ExxonMobil

11 hours ago DieselGasoil Comments Off on Talos Energy strikes Gulf of Mexico deals with BP, ExxonMobil
9/19/2019 HOUSTON – Talos Energy has entered into two separate agreements with BP and Exxon Mobil related to new exploration opportunities in the U.S. Gulf of Mexico. The Company will work with BP to drill and evaluate the Puma West prospect, located in Talos-owned Green Canyon Block 821, in the fourth quarter of 2019. Additionally, Read More

Rosehill Resources Inc. Provides Operational Update

11 hours ago DieselGasoil Comments Off on Rosehill Resources Inc. Provides Operational Update
HOUSTON, Sept. 19, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today provided an operational update for recent activity as well as expected production for the quarter ending September 30, 2019. Highlights Placed onto production nine wells in the Northern Delaware area and four wells in the Southern Read More

Oil rises amid doubts about speed of Saudi recovery from attacks

11 hours ago DieselGasoil Comments Off on Oil rises amid doubts about speed of Saudi recovery from attacks
By Grant Smith on 9/19/2019 LONDON (Bloomberg) – Oil rose amid doubts about the speed of Saudi Arabia’s recovery from the weekend’s attack on its facilities that knocked out a large chunk of its production. Futures gained 2.1% in New York after paring around half of Monday’s 15% surge over the past two days. The Read More

Airbus to boost cooperation with China, Tianjin to be firm’s manufacturing center in Asia

12 hours ago DieselGasoil Comments Off on Airbus to boost cooperation with China, Tianjin to be firm’s manufacturing center in Asia
Airbus has announced plans to enhance its long-term collaboration with China’s aviation industry, ramping up single-aisle production at its Tianjin final assembly line and forming new ties with Chinese suppliers. The European aircraft manufacturer will begin plans to assemble six A320 planes a month at the Tianjin facility by the year’s end, which is a 50 Read More

Exxon puts $15 billion of global assets up for sale

12 hours ago DieselGasoil Comments Off on Exxon puts $15 billion of global assets up for sale
By James Thornhill on 9/19/2019 SYDNEY (Bloomberg) –Exxon Mobil Corp. is again trying to sell its oil and gas operations in southeast Australia as part of a move to shed assets and boost shareholder returns. The U.S. supermajor “will be testing market interest” for global assets, including what it operates in Australia, the company said Read More

Subsea 7 S.A. announces details of incentive schemes and share related awards

15 hours ago DieselGasoil Comments Off on Subsea 7 S.A. announces details of incentive schemes and share related awards
Luxembourg – 19 September 2019 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the “Company”) in accordance with the Oslo Børs rules, today announces the details of awards under its 2018 Long-Term Incentive Plan (the “Plan”) approved by the Board on 18 September 2019. The Company will make awards of 1,387,000 performance shares, subject Read More

As Amazon burns, 230 big investors call on firms to protect world’s rainforests

22 hours ago DieselGasoil Comments Off on As Amazon burns, 230 big investors call on firms to protect world’s rainforests
RIO DE JANEIRO (Reuters) – With widespread fires wreaking havoc on the Amazon, over 200 investors representing some $16.2 trillion under management on Wednesday called on companies to do their part in halting the destruction of the world’s largest tropical rainforest. FILE PHOTO: A burning tree is seen during a fire in an area of Read More