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CNOOC Limited signs agreement with JSC Novatek for the Arctic LNG 2 project

11 mins ago DieselGasoil Comments Off on CNOOC Limited signs agreement with JSC Novatek for the Arctic LNG 2 project
4/25/2019 HONG KONG — CNOOC Limited has announced that the company has signed a heads of agreement with JSC Novatek, a Russian gas producer, for the acquisition of 10% interest of the Arctic LNG 2 project. The Arctic LNG 2 Project is located on the Gydan Peninsula, Russia and the second large onshore conventional natural Read More

Trump’s widening OPEC fight puts Saudi oil capacity in spotlight

4 hours ago DieselGasoil Comments Off on Trump’s widening OPEC fight puts Saudi oil capacity in spotlight
By Grant Smith on 4/25/2019 LONDON (Bloomberg) — The biggest threat to President Donald Trump’s hopes for low gasoline prices is his growing entanglement in the politics of OPEC nations. The White House plans to choke off oil exports from Iran without triggering a spike in prices largely by getting Saudi Arabia, the only OPEC Read More

GasLog Partners LP Reports Financial Results for the Three-Month Period Ended March 31, 2019 and Declares Cash Distribution

4 hours ago DieselGasoil Comments Off on GasLog Partners LP Reports Financial Results for the Three-Month Period Ended March 31, 2019 and Declares Cash Distribution
Monaco, April 25, 2019 (GLOBE NEWSWIRE) — GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP), an international owner and operator of liquefied natural gas (“LNG”) carriers, today reported its financial results for the three-month period ended March 31, 2019. Highlights ·Announced and, post quarter-end, completed the acquisition of the GasLog Glasgow from GasLog Read More

Pieridae Energy Announces 2018 Year End Results, Progress Made on Goldboro LNG Project and Board Change

13 hours ago DieselGasoil Comments Off on Pieridae Energy Announces 2018 Year End Results, Progress Made on Goldboro LNG Project and Board Change
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Corporation”) (PEA – TSXV) released its 2018 financial and operating results today, highlighting the fact it took some key steps forward last year in advancing its Goldboro Read More

Analysis: Chevron vs. Oxy: Who fits Anadarko better?

14 hours ago DieselGasoil Comments Off on Analysis: Chevron vs. Oxy: Who fits Anadarko better?
By World Oil staff on 4/24/2019 HOUSTON — The third and latest offer (this time publicly) on Wednesday by Occidental Petroleum for Anadarko Petroleum has prompted a discussion among analysts as to whether the large independent’s assets are a better fit with Oxy or Chevron. Less than two weeks ago, Chevron announced that it had Read More

Oil hovers near six-month high as U.S. stockpile build counters supply fears

18 hours ago DieselGasoil Comments Off on Oil hovers near six-month high as U.S. stockpile build counters supply fears
NEW YORK (Reuters) – Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing Read More

Oxy faces a heavyweight in Anadarko Prize Fight

19 hours ago DieselGasoil Comments Off on Oxy faces a heavyweight in Anadarko Prize Fight
By Liam Denning on 4/24/2019 WASHINGTON (Bloomberg Opinion) — Anadarko Petroleum’s executives will be big winners in bidding war. Oh yeah, and the shareholders, too. It’s been a bruising 24 hours for CEO Al Walker and the board. First, it emerged the board had tweaked severance terms in favor of the c-suite just a day Read More

Martin Midstream Partners Announces Strategic Initiatives

19 hours ago DieselGasoil Comments Off on Martin Midstream Partners Announces Strategic Initiatives
KILGORE, Texas, April 24, 2019 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (Nasdaq:MMLP) (the “Partnership”) announced today strategic initiatives designed to strengthen the balance sheet by reducing leverage and allowing the Partnership to retain earnings to fund growth opportunities.  These initiatives consist of: The previously announced marketing of the Partnership’s gas storage assets. The active Read More

Occidental offers $38 billion for Anadarko, topping Chevron

23 hours ago DieselGasoil Comments Off on Occidental offers $38 billion for Anadarko, topping Chevron
HOUSTON (Reuters) – Oil and gas producer Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion, or $57 billion including debt, for Anadarko Petroleum Corp, a bid that topped an offer by Chevron Corp. FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Read More