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Toshiba Memory sees ‘good chance’ of M&A in push for data center business

2 hours ago DieselGasoil Comments Off on Toshiba Memory sees ‘good chance’ of M&A in push for data center business
TOKYO (Reuters) – Japan’s Toshiba Memory said there was a “good chance” of acquisitions as it pushes to increase its share of the market for advanced storage products used in data centers. FILE PHOTO: Toshiba’s flash memory factory is pictured during a media tour in Yokkaichi, western Japan September 9, 2014. REUTERS/Reiji Murai/File Photo Toshiba Read More

UK’s Jersey Oil & Gas advances Buchan revamp with new blocks

2 hours ago DieselGasoil Comments Off on UK’s Jersey Oil & Gas advances Buchan revamp with new blocks
Highlights Plan combines Verbier and legacy Buchan field Equinor has option to join in Buchan project First oil output targeted in 2024 London — The UK regulator on Monday awarded independent Jersey Oil & Gas license blocks in the North Sea that could enable a redevelopment of the defunct Buchan oil field and nearby finds. Read More

More rain and sun needed ahead of Ivory Coast main cocoa crop, say farmers

3 hours ago DieselGasoil Comments Off on More rain and sun needed ahead of Ivory Coast main cocoa crop, say farmers
ABIDJAN (Reuters) – Rains were below average last week in most of Ivory Coast’s cocoa growing regions and more sun was needed for the main October-to-March main crop to develop well, farmers said on Monday. As the April-to-September mid-crop comes to an end in the world’s top cocoa producer, planters said pods for the Ivory Read More

Oil prices rise more than 1% after Iran seizes British tanker

4 hours ago DieselGasoil Comments Off on Oil prices rise more than 1% after Iran seizes British tanker
LONDON (Reuters) – Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo Brent crude futures climbed 79 cents, or Read More

Libya’s NOC lifts force majeure on Sharara crude loadings

6 hours ago DieselGasoil Comments Off on Libya’s NOC lifts force majeure on Sharara crude loadings
London — Libya’s National Oil Corporation said Monday it has lifted the force majeure on Sharara crude oil loadings from the Zawiya terminal after the country’s largest oil field was shut in for two days following the closure of a valve by an unidentified party. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Oil rises more than 2% after Iran seizes British tanker

7 hours ago DieselGasoil Comments Off on Oil rises more than 2% after Iran seizes British tanker
LONDON (Reuters) – Oil prices rose more than 2% on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo Brent crude futures climbed Read More

Kashagan consortium eyes output increases, new joint project

7 hours ago DieselGasoil Comments Off on Kashagan consortium eyes output increases, new joint project
London — Kazakhstan’s North Caspian Operating Company, which manages the giant Kashagan oil field, is planning further production increases after recent upgrade and maintenance work, and aims to present a new project for two nearby fields in the current quarter, it told S&P Global Platts. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Oil rises on Middle East Gulf tensions; Libya field resumes output

9 hours ago DieselGasoil Comments Off on Oil rises on Middle East Gulf tensions; Libya field resumes output
SINGAPORE/TOKYO (Reuters) – Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East Gulf, although gains were capped as Libya resumed output at its largest oil field. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, Read More

Oil outlook sours as sanctions, global tensions fail to bring out bulls

11 hours ago DieselGasoil Comments Off on Oil outlook sours as sanctions, global tensions fail to bring out bulls
LONDON/NEW YORK (Reuters) – Sentiment in the oil market has shifted dramatically in recent days, with hedge funds, producers and traders all taking a more bearish tack in response to what they see as weakness in worldwide demand. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. Read More