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Neptune Energy submits development plans for Duva, Gjøa P1

2 hours ago DieselGasoil Comments Off on Neptune Energy submits development plans for Duva, Gjøa P1
2/21/2019 Duva field. Photo: Neptune Energy. ABERDEEN — Neptune Energy has submitted development plans for the Duva (PL636) and Gjøa P1 (PL153) projects in the Norwegian sector of the North Sea. First production from the projects is expected in late 2020 or early 2021. Total recoverable resources are estimated to be 120 MMboe (Total of Read More

Trump administration ends California talks on auto emissions: White House

2 hours ago DieselGasoil Comments Off on Trump administration ends California talks on auto emissions: White House
U.S. President Donald Trump waves as Austrian Chancellor Sebastian Kurz departs at the White House in Washington, U.S., February 20, 2019. REUTERS/Jim young WASHINGTON (Reuters) – U.S. President Donald Trump’s administration has ended talks with California over federal plans to roll back fuel economy rules designed to reduce greenhouse gas emissions, the White House said Read More

Attempts to crack down on OPEC sign of US-Saudi relationship falling apart – RT’s Keiser Report

5 hours ago DieselGasoil Comments Off on Attempts to crack down on OPEC sign of US-Saudi relationship falling apart – RT’s Keiser Report
The US House Judiciary Committee passed a bill on Thursday that would allow the Justice Department to sue members of OPEC for manipulating the oil market. According to Max Keiser, “this little alliance has been going strong since the 1970s,” as the quid pro quo was that the Read More

New methanol plants expected to increase industrial natural gas use through 2020

6 hours ago DieselGasoil Comments Off on New methanol plants expected to increase industrial natural gas use through 2020
February 21, 2019 Source: U.S. Energy Information Administration, based on data from S&P Platts New methanol plants under development in the United States are increasing natural gas consumption in the industrial sector. Methanol plants are among the most natural gas-intensive industrial end users and require natural gas both as a feedstock and for process heat. Read More

Factbox: U.S., China drafting memorandums for possible trade deal

17 hours ago DieselGasoil Comments Off on Factbox: U.S., China drafting memorandums for possible trade deal
(Reuters) – Top U.S. and Chinese trade officials are working this week to hash out language on six broad agreements that aim to resolve the most contentious issues in their seven-month trade war. <img src="https://s4.reutersmedia.net/resources/r/?m=02&d=20190221&t=2&i=1358738795&r=LYNXNPEF1K03S&w=450" aria-label="FILE PHOTO: Workers transport imported soybean products at a port in Nantong, Jiangsu province, China April 9, 2018. REUTERS/Stringer/File Photo Read More

Exclusive: U.S., China sketch outlines of deal to end trade war – sources

17 hours ago DieselGasoil Comments Off on Exclusive: U.S., China sketch outlines of deal to end trade war – sources
WASHINGTON (Reuters) – The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin, second from left, U.S. Trade Representative Read More

U.S. judge dismisses boys' lawsuit against Trump climate rollbacks

23 hours ago DieselGasoil Comments Off on U.S. judge dismisses boys' lawsuit against Trump climate rollbacks
(Reuters) – A federal judge has dismissed a lawsuit by two Pennsylvania boys and an environmental group seeking to stop U.S. President Donald Trump from rolling back regulations addressing climate change, saying the court does not have power to tell the White House what to do. Disagreeing with a judge overseeing a similar case in Read More

Volkswagen's Audi to cut 10 percent of management positions: CEO in Handelsblatt

1 day ago DieselGasoil Comments Off on Volkswagen's Audi to cut 10 percent of management positions: CEO in Handelsblatt
FILE PHOTO: The Audi booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S. January 16, 2018. REUTERS/Jonathan Ernst/File Photo FRANKFURT (Reuters) – Volkswagen’s premium auto brand Audi plans to eliminate one layer of management or about 10 percent of the division’s executive positions in a cost cutting drive, Read More

Weekly share repurchase program transaction details

1 day ago DieselGasoil Comments Off on Weekly share repurchase program transaction details
Febuary 20, 2019  SBM Offshore reports the transaction details related to its EUR175 million (c. US$200 million) share repurchase program for the period February 14, 2019 through February 20, 2019. The repurchases were made under the EUR175 million share repurchase program announced on and effective from February 14th 2019.  The objective of the program is to Read More