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Alberta eyes private producers as option to move crude

2 hours ago DieselGasoil Comments Off on Alberta eyes private producers as option to move crude
By Kevin Orland on 4/24/2019 CALGARY (Bloomberg) — Shifting Alberta’s shipments of crude-by-rail to private producers, is an option that Cenovus Energy Inc. CEO Alex Pourbaix said Alberta Premier-Elect Jason Kenney may be able to consider, instead of scrapping the plan altogether. Kenney, who takes office next week, has vowed to end predecessor Rachel Notley’s Read More

Occidental offers $38 billion for Anadarko, topping Chevron

5 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

Saudis see no need for immediate action on oil market

9 hours ago DieselGasoil Comments Off on Saudis see no need for immediate action on oil market
By Anthony DiPaola, Matthew Martin and Yousef Gamal El-Din on 4/24/2019 DUBAI (Bloomberg) — Saudi Arabia’s energy minister said the world’s biggest oil exporter sees no need to take immediate action in the crude market, signaling a cautious response to the U.S. decision to tighten sanctions on Iran. The kingdom won’t significantly raise output in Read More

Equinor bends to investor pressure on climate

9 hours ago DieselGasoil Comments Off on Equinor bends to investor pressure on climate
By Kelly Gilblom on 4/24/2019 LONDON (Bloomberg) – Equinor is the latest large oil company to bow to a major investor group that is pushing corporations to take more robust action on climate change. The Norwegian giant has agreed to align its business model with the goals of the 2015 Paris climate accord and will Read More

Trump’s Iran decision could kill the OPEC+ deal

14 hours ago DieselGasoil Comments Off on Trump’s Iran decision could kill the OPEC+ deal
Trump’s decision to let Iran waivers expire could kill off the OPEC+ deal while dealing a serious blow to the coalition’s ability to coordinate production cuts. The Wall Street Journal reported that the Trump administration’s decision to let waivers expire “surprised buyers and others who had been told by State Department officials in recent weeks to expect Read More

Kenneth Collins joins OspreyData as V.P. of production optimization and services

22 hours ago DieselGasoil Comments Off on Kenneth Collins joins OspreyData as V.P. of production optimization and services
4/23/2019 Photo: Kenneth Collins, V.P. of production optimization & services, OspryData. HOUSTON — OspreyData, leader in AI-based production optimization solutions for oil & gas, announced that Kenneth Collins has joined as V.P. of product optimization & services. Collins is a seasoned oil & gas executive who brings 25 years of experience in all areas of Read More

Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers

1 day ago DieselGasoil Comments Off on Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers
(Reuters) – Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels. FILE PHOTO: A Cargill logo is pictured on the Provimi Kliba and Protector animal Read More

DCP Midstream Announces Common and Preferred Unit Distributions

1 day ago DieselGasoil Comments Off on DCP Midstream Announces Common and Preferred Unit Distributions
DENVER, April 23, 2019 (GLOBE NEWSWIRE) — DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a first quarter 2019 common unit distribution of $0.78 per unit, or $3.12 per unit on an annualized basis. This quarterly common unit distribution will be paid May 15, 2019 to Read More

Essential Energy Services 2019 First Quarter Financial Results Conference Call and Webcast Details

1 day ago DieselGasoil Comments Off on Essential Energy Services 2019 First Quarter Financial Results Conference Call and Webcast Details
CALGARY, Alberta, April 23, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential”) intends to release its 2019 first quarter financial results on May 7, 2019 and has scheduled a conference call and webcast at 10:00 am MT (12:00 pm ET) on May 8, 2019. The conference call dial in numbers are 416-340-2217 Read More

Factbox: Strait of Hormuz – the world’s most important oil artery

1 day ago DieselGasoil Comments Off on Factbox: Strait of Hormuz – the world’s most important oil artery
LONDON (Reuters) – Iran has said it would block the Strait of Hormuz if it was barred from using the strategic waterway through which about a fifth of oil that is consumed globally passes. Oil tankers pass through the Strait of Hormuz, December 21, 2018. REUTERS/Hamad I Mohammed The threat from an Islamic Revolutionary Guards Read More