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BoE’s Carney says keeping open mind on Facebook’s Libra

22 hours ago DieselGasoil Comments Off on BoE’s Carney says keeping open mind on Facebook’s Libra
FILE PHOTO: The Governor of the Bank of England, Mark Carney speaks at an FT event in London, Britain February 12, 2019. REUTERS/Hannah McKay/File Photo SINTRA, Portugal (Reuters) – Bank of England governor Mark Carney has said he is keeping an ‘open mind’ on the potential utility of Facebook’s planned cryptocurrency, but warned it may Read More

Swiss regulator says in contact with initiators of Facebook’s Libra

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FILE PHOTO: A man poses with a magnifier in front of a Facebook logo on display in this illustration taken in Sarajevo, Bosnia and Herzegovina, December 16, 2015. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Switzerland’s financial regulator FINMA said on Tuesday that it is in contact with the “initiators” of Libra, Facebook’s planned cyrptocurrency. A FINMA Read More

Insurance costs rocket for U.S. IPOs as twitchy investors take to courts

2 days ago DieselGasoil Comments Off on Insurance costs rocket for U.S. IPOs as twitchy investors take to courts
(Reuters) – Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. FILE PHOTO: Lyft President John Zimmer and CEO Logan Green applaud as Lyft lists on the Nasdaq at an IPO event Read More

Jerry Jones likens natural gas deal to Dallas Cowboys buy

1 week ago DieselGasoil Comments Off on Jerry Jones likens natural gas deal to Dallas Cowboys buy
By Simon Casey and Rachel Adams-Heard on 6/11/2019 NEW YORK and HOUSTON (Bloomberg) — Dallas Cowboys owner Jerry Jones is expanding his natural gas empire at what looks like the worst possible time. Intentionally. Jones’s Comstock Resources announced plans Monday to acquire closely held gas rival Covey Park Energy in a $1.1 billion cash-and-stock deal Read More

Global Petroleum Show to address critical issues facing Canadian, global EandP industry

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By Kurt Abraham, Editor-in-Chief, World oil on 6/11/2019 CALGARY—The 51st installment of the Global Petroleum Show (GPS), North America’s largest onshore-oriented oil-and-gas event, kicks off today in Calgary, amid a Canadian activity trough from which industry leaders hope to recover soon. Last year and most of 2019 have been a difficult period for Canadian operators, Read More

Alberta’s oil supply cuts find a sweet spot

1 week ago DieselGasoil Comments Off on Alberta’s oil supply cuts find a sweet spot
By Robert Tuttle on 6/10/2019 CALGARY (Bloomberg) –Alberta may have finally found the right level for its oil curtailment program that has sent local oil prices on a roller coaster for the last few months. Last week, Jason Kenney’s new provincial government announced it would roll the 3.71 MMbpd June production limit into July. That Read More

New wells boost Wyoming oil production to highest level in 25 years

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6/6/2019 LARAMIE — The Wyoming State Geological Survey (WSGS) completed its 2019 update to the Interactive Oil and Gas Map of Wyoming. The updates are done annually to redefine the spatial extent of oil and gas fields by incorporating new wells drilled in the state during the previous year. In Wyoming, wells are permitted either Read More

Rolls-Royce strikes UK’s biggest pension deal with insurer L&G

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LONDON (Reuters) – Rolls-Royce agreed Britain’s largest ever transfer of corporate pension risk, announcing on Thursday it would shift 4.6 billion pounds ($5.8 billion) of assets to insurer Legal & General. A Rolls-Royce logo is seen on the first A380 for All Nippon Airways (ANA) during its delivery ceremony at the Airbus delivery center in Read More

New prime minister could pose threat to PNG natural gas projects

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By Stephen Stapczynski on 5/30/2019 SINGAPORE (Bloomberg) — A critic of Papua New Guinea’s resource deals has been chosen as the country’s prime minister, a potential speed bump for multi-billion-dollar natural gas export projects led by Exxon Mobil Corp. and Total SA. James Marape, who resigned as finance minister in April, will become the nation’s Read More

West-backed think tanks threaten new Ukrainian president with disturbing list of ‘RED LINES’

4 weeks ago DieselGasoil Comments Off on West-backed think tanks threaten new Ukrainian president with disturbing list of ‘RED LINES’
When President Volodymyr Zelensky won a landslide victory in the free and undisputed April elections, most accepted that he was given a fairly strong mandate to lead Ukraine. But it seems not everyone is so democratically-minded. Particularly unmoved by the democratic process are a collection of Ukrainian ‘civil society’ groups, who have just issued a Read More