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Pipestone Energy Corp. Announces a Midstream Transaction to Fund the Acceleration of a Three Well Completion Program to Delineate Its Eastern Montney Acreage

6 hours ago DieselGasoil Comments Off on Pipestone Energy Corp. Announces a Midstream Transaction to Fund the Acceleration of a Three Well Completion Program to Delineate Its Eastern Montney Acreage
CALGARY, Alberta, July 23, 2019 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to announce it has entered into a strategic midstream transaction (the “Midstream Transaction”) with Tidewater Midstream and Infrastructure Ltd. (“Tidewater”). The initial capital to be received by Pipestone Energy from Tidewater pursuant to the Read More

The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade

15 hours ago DieselGasoil Comments Off on The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade
July 23, 2019 Source: U.S. Energy Information Administration The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and liquefied natural gas (LNG) shipments to Europe and North America. Located in Egypt, the Suez Canal connects the Red Sea with the Mediterranean Sea, and it is a critical Read More

Nice try, wrong missile: US botches propaganda video accusing Russia of INF violation

1 day ago DieselGasoil Comments Off on Nice try, wrong missile: US botches propaganda video accusing Russia of INF violation
The US mission to NATO sought to blame Russia for the expiration of an arms control treaty by posting a Twitter cartoon claiming Moscow had developed a forbidden missile – but didn’t help its own argument by showing the wrong one. In a surprisingly poor-quality video, narrated by a female AI voice, the US accused Read More

Oil will go ‘bust’ if recession hits

3 days ago DieselGasoil Comments Off on Oil will go ‘bust’ if recession hits
Oil prices plunged again on Thursday, dragged down by fears of slowing demand. An unexpected increase in inventories underscored the downside risk to oil prices. The EIAreported a drawdown in crude stocks, but a huge 9.25 million barrel combined increase in gasoline and diesel (gasoil) inventories, which surprised traders. Also, gasoline demand plunged by 0.5 mb/d Read More

Sanctions-hit Iran becoming ‘heaven’ for bitcoin mining, says govt official

5 days ago DieselGasoil Comments Off on Sanctions-hit Iran becoming ‘heaven’ for bitcoin mining, says govt official
An increasing number of Iranians have started turning to cryptocurrencies, in particular bitcoin, with the devaluation of the national currency prompted by US economic sanctions. The crypto craze has raised concerns from authorities that the energy-hungry process of “mining” bitcoin is abusing Iran’s system of subsidized electricity. Currently at half-a-cent per kilowatt, the subsidized electricity Read More

Spain struggles to regulate renewable energy gold rush

5 days ago DieselGasoil Comments Off on Spain struggles to regulate renewable energy gold rush
MADRID (Reuters) – Spanish authorities fear that a speculative rush threatens to hold back the development of renewable energy, saying coveted rights to connect to the national power grid are being secured with the sole aim of selling them on for a profit. FILE PHOTO: Power lines connecting pylons of high-tension electricity and a billboard-sized Read More

US discontent over Turkey’s purchase of Russian S-400s is ‘sign of true competition’

5 days ago DieselGasoil Comments Off on US discontent over Turkey’s purchase of Russian S-400s is ‘sign of true competition’
The US has punished Turkey for buying Russian air defense systems by cutting it from the F-35 program. The rationale behind the move is speculative, and Ankara’s example may prompt other US allies to buy Russian, experts told RT. Turkey received its first deliveries of the S-400 long-range air defense system last week, which it Read More

EU clears Vodafone’s $22 billion Liberty deal

6 days ago DieselGasoil Comments Off on EU clears Vodafone’s $22 billion Liberty deal
BRUSSELS/LONDON (Reuters) – Brussels gave its blessing to Vodafone’s (VOD.L) $22 billion purchase of Liberty Global’s (LBTYA.O) cable networks in Germany and central Europe, clearing the way for the British company to become Europe’s largest mobile, broadband and TV provider. FILE PHOTO: Coaxial TV Cables are seen in front of Vodafone and Liberty Global logos Read More

Gold Resource Corporation Reports Preliminary Second Quarter Production and Positioned to Increase 2019 Annual Outlook

6 days ago DieselGasoil Comments Off on Gold Resource Corporation Reports Preliminary Second Quarter Production and Positioned to Increase 2019 Annual Outlook
COLORADO SPRINGS, July 18, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Gold Resource Corporation (NYSE American: GORO) (the “Company”) reports preliminary production results for the second quarter ended June 30, 2019 of 9,559 ounces of gold, 467,484 ounces of silver and significant base metals. The Company currently maintains its 2019 Oaxaca Mining Unit production outlook Read More

Qualcomm set to face second EU antitrust fine shortly: sources

6 days ago DieselGasoil Comments Off on Qualcomm set to face second EU antitrust fine shortly: sources
FILE PHOTO: Signs of Qualcomm and 5G are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song/File Photo BRUSSELS (Reuters) – Qualcomm, the world’s no.1 chipmaker, could be hit with a second EU antitrust fine as soon as Thursday for blocking a rival from the market more than a decade Read More