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Contango Announces Fourth Quarter and Full Year 2018 Financial Results

23 mins ago DieselGasoil Comments Off on Contango Announces Fourth Quarter and Full Year 2018 Financial Results
HOUSTON, March 18, 2019 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today its financial results for the fourth quarter and year ended December 31, 2018.  Fourth Quarter 2018 Highlights Production of 3.7 Bcfe for the quarter (39.8 Mmcfed, 42% liquids); within previously provided guidance, despite late Read More

Libya oil boss sees output gain with hope of BP pumping soon

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By Annmarie Hordern and Salma El Wardany on 3/18/2019 LONDON and CAIRO (Bloomberg) — Libya boosted crude production by a third after restarting its biggest field, and its top oil official sees further gains when companies like BP Plc invest and start pumping oil in the politically divided OPEC nation. The Sharara field in southern Read More

Jumbo wins offshore subsea decommissioning project in the North Sea

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3/18/2019 SCHIEDAM, The Netherlands — Jumbo has been awarded an offshore decommissioning project in the North Sea by TAQA Energy BV, involving the removal, transportation and disposal of three subsea protection domes and piles. The removal operation will take place in the offshore series of fields located in the P15 block 35 km northwest of Read More

Algeria's crisis clouds the future for OPEC oil cuts

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By Julian Lee on 3/17/2019 WASHINGTON, D.C. (Bloomberg Opinion) — Meet the exclusive group of oil producers that nobody wants to join. Algeria’s deepening political crisis has made its future oil production extremely uncertain. So, ignominiously, it is now the latest OPEC member to have become so vulnerable that it forms part of the “Shaky Read More

API-MN supports passage of bill focused on protecting critical energy infrastructure

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3/17/2019 ST. PAUL — API’s Minnesota Petroleum Council Director Erin Roth released the following statement applauding the passage of SF 2011, an important bill focused on protecting critical energy infrastructure in Minnesota following the recent attempts of sabotage on Line 3. “Late Friday, the Minnesota Senate Judiciary and Public Finance Committee recognized, with no opposition Read More

Texas LNG Receives United States Federal Energy Regulatory Commission Final Environmental Impact Statement

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Houston, Texas, USA, March 17, 2019 (GLOBE NEWSWIRE) — The United States Federal Energy Regulatory Commission (“FERC”) has issued the Final Environmental Impact Statement (“FEIS”) for Texas LNG Brownsville LLC’s (“Texas LNG Brownsville”) proposed 2 train, 4 million tonnes per annum (“MTA”) LNG export facility located in the Port of Brownsville, Texas (the “Project”). The Read More

TransCanada Provides Series 7 Preferred Shares Conversion Right and Dividend Rate Notice

3 days ago DieselGasoil Comments Off on TransCanada Provides Series 7 Preferred Shares Conversion Right and Dividend Rate Notice
CALGARY, Alberta, March 15, 2019 (GLOBE NEWSWIRE) — TransCanada Corporation (TSX:TRP) (NYSE:TRP)  (TransCanada) announced today that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 7 (Series 7 Shares) on April 30, 2019. As a result, subject to certain conditions, the holders of Series 7 Shares have Read More

U.S. Gulf Coast refinery demand for hydrogen increasingly met by merchant suppliers

3 days ago DieselGasoil Comments Off on U.S. Gulf Coast refinery demand for hydrogen increasingly met by merchant suppliers
March 15, 2019 Petroleum refineries in the U.S. Gulf Coast increasingly rely on merchant suppliers, rather than their own production, to provide the hydrogen used to reduce the sulfur content of fuel. As global demand for distillate fuel oil has increased and sulfur content regulations have become more stringent, refineries have needed to use more Read More

Lukoil reaches another milestone at Vladimir Filanovsky field

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3/14/2019 MOSCOW — Lukoil has reached another milestone with 10 million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CPC) system. LUKOIL constructed a system of subsea and onshore pipelines to ship oil ashore. Before oil enters the CPC system and goes on for export, it is delivered to Read More