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API-MN supports passage of bill focused on protecting critical energy infrastructure

20 hours ago DieselGasoil Comments Off on API-MN supports passage of bill focused on protecting critical energy infrastructure
3/17/2019 ST. PAUL — API’s Minnesota Petroleum Council Director Erin Roth released the following statement applauding the passage of SF 2011, an important bill focused on protecting critical energy infrastructure in Minnesota following the recent attempts of sabotage on Line 3. “Late Friday, the Minnesota Senate Judiciary and Public Finance Committee recognized, with no opposition Read More

Parkland Fuel Corporation Announces March 2019 Dividend

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CALGARY, Alberta, March 13, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”) (TSX:PKI) announces that a dividend of $0.0995 per share will be paid on April 15, 2019 to shareholders of record on March 22, 2019. The dividend will be an ‘eligible dividend’ for Canadian income tax purposes. The ex-dividend date is March 21, 2019. Read More

Nigerian oil region crisis threatens Buhari's economic plans

5 days ago DieselGasoil Comments Off on Nigerian oil region crisis threatens Buhari's economic plans
By Dulue Mbachu and Elisha Bala-Gbogbo on 3/13/2019 ABUJA (Bloomberg) — Fresh from his comfortable re-election, Nigerian President Muhammadu Buhari faces a huge hurdle to keep his vow to end the economy’s addiction to oil: win a lasting peace in the crude-rich Niger River delta. The 76-year-old former military ruler will have to score a breakthrough Read More

API applauds government focus on timely approvals of LNG export facilities

6 days ago DieselGasoil Comments Off on API applauds government focus on timely approvals of LNG export facilities
3/12/2019 WASHINGTON — The American Petroleum Institute issued a statement today supporting the Department of Energy’s (DOE) non-Free Trade Agreement export authorization for Venture Global’s Calcasieu Pass liquefied natural gas (LNG) export facility last week, along with the introduction of a Senate bill designed to speed the Federal Energy Regulatory Commission’s (FERC) reviews of LNG Read More

Exclusive: Occidental emerges as heavy hitter in U.S. oil export boom

1 week ago DieselGasoil Comments Off on Exclusive: Occidental emerges as heavy hitter in U.S. oil export boom
NEW YORK/HOUSTON (Reuters) – Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day. FILE PHOTO: Equipment used to process carbon dioxide, crude oil and water is seen at an Occidental Petroleum Read More

Petrobras seeks to trim budget by cutting jobs, marketing

1 week ago DieselGasoil Comments Off on Petrobras seeks to trim budget by cutting jobs, marketing
By Bruce Douglas on 3/10/2019 BRASILIA (Bloomberg) — Petroleo Brasileiro SA plans to implement a voluntary redundancy program and cost-cutting measures aimed at shaving $8.1 billion off its budget for the next five years. In a filing published on Friday evening, the state-run oil giant proposed slicing 6.6% off its $122.6-billion business plan for 2019-2023. Read More

Exclusive: Saudi's Falih says no OPEC+ output policy change until June

1 week ago DieselGasoil Comments Off on Exclusive: Saudi's Falih says no OPEC+ output policy change until June
NEW DELHI (Reuters) – Saudi oil minister Khalid al-Falih said on Sunday it would be too early to change OPEC+ output policy at the group’s meeting in April and that China and the U.S. would lead healthy global demand for oil this year. FILE PHOTO: Saudi Energy Minister Khalid al-Falih speaks at a news conference Read More

Russia to defend its Venezuela oil assets in ‘toughest way possible’

1 week ago DieselGasoil Comments Off on Russia to defend its Venezuela oil assets in ‘toughest way possible’
Nicolas Maduro’s staunchest international ally—Russia—reaffirmed last week its full support to the Socialist leader’s regime and his efforts to prevent what Moscow sees as interference in Venezuela’s domestic affairs. At the same time, Russia, which vowed to defend its oil assets in Venezuela as early as the political crisis began in January, sees risks to its investments Read More

Shell Midstream Partners, L.P. Tax Packages Available

2 weeks ago DieselGasoil Comments Off on Shell Midstream Partners, L.P. Tax Packages Available
Houston, March 07, 2019 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (NYSE: SHLX) has announced that the company’s 2018 investor K-1 tax packages are now available on its website, http://www.shellmidstreampartners.com.  Investors may access the tax package portal via a link on the “Tax Information” page, or use the following direct link: https://www.partnerdatalink.com/Shell.  For additional information related to Read More

Unlikely twins and differing fortunes: Malaysia's Petronas & Indonesia's Pertamina

2 weeks ago DieselGasoil Comments Off on Unlikely twins and differing fortunes: Malaysia's Petronas & Indonesia's Pertamina
JOHOR, Malaysia/JAKARTA (Reuters) – On the southernmost edge of the Asian landmass and on the shores of the busy shipping lanes of the Singapore Strait, Malaysia’s Petronas is starting up a state-of-the art petroleum processing hub, called RAPID. FILE PHOTO: The completed Refinery and Petrochemical Integrated Development (RAPID) oil Refinery at Pengerang Integrated Petroleum Complex Read More