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‘Technical incident’ puts Europe’s GPS system fully offline for days

5 hours ago DieselGasoil Comments Off on ‘Technical incident’ puts Europe’s GPS system fully offline for days
A major technical error has caused Europe’s satellite navigation system to be fully offline since Friday, with most satellites powering the Galileo system broken, the EU’s space agency has said. Europe’s Galileo system was built to replace the US’ GPS system but, since the outage, users are automatically being switched back to the US positioning Read More

Decommissioning in Shetland expands with the arrival of more North Sea structures

7 hours ago DieselGasoil Comments Off on Decommissioning in Shetland expands with the arrival of more North Sea structures
7/15/2019 WEST SUSSEX — The Dales Voe decommissioning facility in Shetland is one step closer to becoming a center of excellence for recycling offshore structures from the North Sea with the arrival of two new installations for decommissioning by strategic partners Veolia and Peterson. The structures from Spirit Energy’s ST-1 arrived in the dedicated port Read More

Bentley opens its biggest showroom in Ukraine, one of the poorest countries in Europe

12 hours ago DieselGasoil Comments Off on Bentley opens its biggest showroom in Ukraine, one of the poorest countries in Europe
British luxury car maker Bentley has announced the opening of a dealership in Ukraine’s capital Kyiv, calling it an important step towards strengthening its presence in Central Eastern Europe. The showroom area covers 1760 m² and is located close to Kyiv airport, offering customer sales and aftersales facilities. This includes the complete Bentley model range, Read More

PSA sales slide on emerging-market setbacks

15 hours ago DieselGasoil Comments Off on PSA sales slide on emerging-market setbacks
FILE PHOTO: A PSA Group logo is seen behind a car displayed during French carmaker’s news conference as they announce the company’s 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann/File Photo PARIS (Reuters) – French carmaker PSA Group’s (PEUP.PA) vehicle sales fell 12.8% in the first half as Read More

China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen

15 hours ago DieselGasoil Comments Off on China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China Read More

China second quarter GDP growth slows to 27-year low, more stimulus expected

18 hours ago DieselGasoil Comments Off on China second quarter GDP growth slows to 27-year low, more stimulus expected
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China Read More

Norwegian Petroleum Directorate reports high activity in the first six months of the year

1 day ago DieselGasoil Comments Off on Norwegian Petroleum Directorate reports high activity in the first six months of the year
7/14/2019 STAVANGER — Production on the Norwegian shelf is holding steady at a high level. Many projects are in the development or planning phases. Many exploration wells are being drilled. There have been few discoveries in the first half of the year. Total petroleum production in the first half of 2019 is about 109,6 million Read More

Aker BP strikes oil in the NOAKA area, offshore Norway

3 days ago DieselGasoil Comments Off on Aker BP strikes oil in the NOAKA area, offshore Norway
7/12/2019 LYSAKER — Aker BP is about to complete the Liatårnet exploration well in license 442 in the NOAKA area. The well has proved oil with a gross resource estimate of 80-200 MMboe. Further data acquisition and analysis will be undertaken to determine the drainage strategy and recovery factor for the discovery. Evy Glørstad-Clark, senior Read More