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New methanol plants expected to increase industrial natural gas use through 2020

10 hours ago DieselGasoil Comments Off on New methanol plants expected to increase industrial natural gas use through 2020
February 21, 2019 Source: U.S. Energy Information Administration, based on data from S&P Platts New methanol plants under development in the United States are increasing natural gas consumption in the industrial sector. Methanol plants are among the most natural gas-intensive industrial end users and require natural gas both as a feedstock and for process heat. Read More

Russia’s industrial zone in Egypt’s Suez Canal to be launched by end of 2020-early 2021

15 hours ago DieselGasoil Comments Off on Russia’s industrial zone in Egypt’s Suez Canal to be launched by end of 2020-early 2021
The construction of Russia’s industrial zone in one of the world’s major transportation routes, the Suez Canal area in Egypt, will be finished soon. That’s according to the head of the Suez Canal Authority, Mohab Mamish, who told TASS the zone will be “launched in late 2020 – beginning of 2021.” He said factories manufacturing Read More

BHP CEO staying around to deal with tailings and transformation

2 days ago DieselGasoil Comments Off on BHP CEO staying around to deal with tailings and transformation
LONDON (Reuters) – The chief executive of mining group BHP has no plans to quit and will focus on the “nuclear level of safety” needed to avoid any repeat of the Vale dam collapse in Brazil, as well as on transforming his own company. FILE PHOTO: BHP Billiton CEO Andrew Mackenzie and Chairman Ken Mackenzie Read More

Enphase Energy Microinverters Comply with New Rule 21 Requirements

2 days ago DieselGasoil Comments Off on Enphase Energy Microinverters Comply with New Rule 21 Requirements
FREMONT, Calif., Feb. 19, 2019 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, today announced its microinverters’ compliance with California Rule 21 requirements by the February 22, 2019, regulatory deadline. Leading California installers continue to choose Enphase Energy microinverters for their timely compliance Read More

BW Offshore: Fourth quarter and full year results 2018

3 days ago DieselGasoil Comments Off on BW Offshore: Fourth quarter and full year results 2018
EBITDA for the quarter was USD 148.9 million and EBITDA for the full year was USD 489.2 million Q4 net production from Tortue was close to 1 million bbls First lifting from Tortue completed December 2018 – 550 thousand bbls gross NSAI confirmed remaining Tortue P2 gross reserves – 35.1 million bbls of oil Extensions Read More

EU starts natural gas price war Trump and Putin will love

4 days ago DieselGasoil Comments Off on EU starts natural gas price war Trump and Putin will love
By Mathew Carr on 2/17/2019 Photo: Yamal LNG, Total. LONDON (Bloomberg) — The stage has been set for a European natural gas price war that will help boost demand and enable both Russia and the U.S. to increase sales to the region. The battle won’t brutalize earnings too much because gas supply is just so Read More

Pakistan gets $20bn investment pledge from Saudi Arabia amid MBS visit

4 days ago DieselGasoil Comments Off on Pakistan gets $20bn investment pledge from Saudi Arabia amid MBS visit
Islamabad has received a hefty investment pledge of $20 billion from Saudi Arabia, which seeks to even further expand its contributions to the economically-embattled country. Saudi Arabia and Pakistan have signed $20 billion of investment-worth memorandums of understanding on Sunday, when Saudi Crown Prince Mohammed bin Salman arrived in Islamabad. As the broad investments were Read More

Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber

6 days ago DieselGasoil Comments Off on Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber
SANTIAGO/BUENOS AIRES (Reuters) – Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America’s fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official. FILE PHOTO: The logo of Didi Chuxing is seen at a Didi station in Beijing, China Read More

Climate crisis could speed demise of Norwegian oil: central bank chief

1 week ago DieselGasoil Comments Off on Climate crisis could speed demise of Norwegian oil: central bank chief
OSLO (Reuters) – Global efforts to fight a “crisis” of man-made climate change could spell a faster than expected end to Norway’s oil and gas industry, the nation’s central bank governor said on Thursday. FILE PHOTO: A view of Equinor’s oil platform in the Johan Sverdrup oilfield in the North Sea, Norway, August 22, 2018. Read More