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Sanchez Energy Enters Interest Payment Grace Period to Continue Discussions with Stakeholders

54 mins ago DieselGasoil Comments Off on Sanchez Energy Enters Interest Payment Grace Period to Continue Discussions with Stakeholders
HOUSTON, July 15, 2019 (GLOBE NEWSWIRE) — Sanchez Energy Corporation (“Sanchez Energy” or the “Company”) (OTC Pink: SNEC) today announced that the Company has elected to defer making an interest payment on its 6.125% Senior Notes due 2023 (the “6.125% Notes”) while it continues ongoing constructive discussions with its bondholders and other stakeholders on a Read More

Pentagon wants to secure supply of rare earths after Chinese threats to cut exports – report

1 day ago DieselGasoil Comments Off on Pentagon wants to secure supply of rare earths after Chinese threats to cut exports – report
The Pentagon has been looking into US miners’ capabilities to produce rare earth metals, according to Reuters. It comes after Beijing signaled it may restrict exports of the vital materials amid the trade war with Washington. The US military has asked miners to come up with plans to develop domestic rare earths mines and processing Read More

Lufthansa CEO sees no ‘Greta Effect’ on passenger numbers

2 days ago DieselGasoil Comments Off on Lufthansa CEO sees no ‘Greta Effect’ on passenger numbers
ZURICH (Reuters) – German airline Lufthansa (LHAG.DE) expects passenger numbers to rise about 4% this year, its chief executive told a newspaper, playing down talk that public support for teenage climate activist Greta Thunberg might be curbing air travel. FILE PHOTO: Carsten Spohr, CEO of German airline Lufthansa AG speaks at the company’s annual shareholder Read More

Most Louisiana refineries running as storm cuts 70% of offshore oil

2 days ago DieselGasoil Comments Off on Most Louisiana refineries running as storm cuts 70% of offshore oil
HOUSTON (Reuters) – Tropical Storm Barry slowly moved on to the Louisiana coast and quickly weakened from hurricane strength on Saturday afternoon, leaving in its wake 70 percent of U.S. Gulf of Mexico oil production shut in, the U.S. government said. FILE PHOTO: Storage tanks are seen inside the Exxonmobil Baton Rouge Refinery in Baton Read More

U.S. to extend nuclear reactor lifespans in bid to revive industry

4 days ago DieselGasoil Comments Off on U.S. to extend nuclear reactor lifespans in bid to revive industry
PARIS (Reuters) – The United States plans to extend the lifespans of existing nuclear reactors and support new technologies as it seeks to revive an industry seen as crucial to its energy security, a senior U.S. official said on Thursday. FILE PHOTO: Deputy Secretary of the U.S. Department of Energy Dan Brouillette attends a meeting Read More

Last Volkswagen Beetle drives into the sunset

5 days ago DieselGasoil Comments Off on Last Volkswagen Beetle drives into the sunset
PUEBLA, Mexico (Reuters) – Volkswagen (VOWG_p.DE) rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes toward SUVs. Serenaded by a mariachi band and surrounded by proud factory workers, the Read More

U.S. oil companies slash Gulf of Mexico production as storm bears down

5 days ago DieselGasoil Comments Off on U.S. oil companies slash Gulf of Mexico production as storm bears down
HOUSTON (Reuters) – U.S. oil producers on Wednesday cut nearly a third of Gulf of Mexico crude output as what could be one of the first major storms of the Atlantic hurricane season threatened offshore oil production and began soaking Louisiana with heavy rains. FILE PHOTO: A massive drilling derrick is pictured on BP’s Thunder Read More

U.S. oil firms cut nearly a third of Gulf of Mexico output ahead of storm

5 days ago DieselGasoil Comments Off on U.S. oil firms cut nearly a third of Gulf of Mexico output ahead of storm
HOUSTON (Reuters) – U.S. oil producers on Wednesday cut nearly a third of offshore Gulf of Mexico crude output as what could be one of the first major storms of the Atlantic hurricane season threatened production. FILE PHOTO: A massive drilling derrick is pictured on BP’s Thunder Horse Oil Platform in the Gulf of Mexico, Read More