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Crude settles lower as Saudi attacks take back seat to growth concerns

1 day ago DieselGasoil Comments Off on Crude settles lower as Saudi attacks take back seat to growth concerns
Highlights Trump downplays trade deal with China Risk premium remains Refined products weaker New York — Crude futures settled slightly lower Friday, as the recent attacks on Saudi Arabian oil infrastructure took a back seat to global demand growth worries. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX Read More

McDermott to explore sale of Lummus Technology unit; shares jump 50%

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By Simon Casey on 9/20/2019 NEW YORK (Bloomberg) – McDermott International, the energy industry contractor whose bonds and shares plunged this week, said it’s weighing the sale of its Lummus Technology business after getting approaches that valued the unit at more than $2.5 billion. The shares soared. The company also said Friday that it continues Read More

Alison Rose gets top job at RBS, first woman to lead major UK lender

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LONDON (Reuters) – Royal Bank of Scotland (RBS.L) named Alison Rose as its new chief executive on Friday, becoming the first major British lender to appoint a woman to its top job. Rose, who was widely tipped to get the role at the state-backed lender, will succeed outgoing CEO Ross McEwan on November 1. He Read More

McDermott rebounds as it weighs unit sale to boost liquidity

2 days ago DieselGasoil Comments Off on McDermott rebounds as it weighs unit sale to boost liquidity
By Simon Casey on 9/20/2019 NEW YORK (Bloomberg) – McDermott International’s shares doubled in early trading and its bonds jumped after the energy industry contractor said it’s exploring the sale of its Lummus Technology business, a move that may give the heavily indebted company some badly needed liquidity. Expressions of interest value the unit at Read More

Stimulus soothes stocks as oil heads higher

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LONDON (Reuters) – World shares climbed on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo China Read More

Chevron sanctions waterflood project to boost St. Malo production

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9/19/2019 SAN RAMON, CA- Chevron has sanctioned a waterflood project in the St. Malo field. This application of enabling technology is expected to increase recovery and advance Chevron’s strategy of maximizing the company’s existing resources in the Gulf of Mexico. Chevron St. Malo project “The St. Malo field is a world-class asset that is positioned Read More

Panda autopsy preparations at Thai zoo as Chinese experts arrive

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CHIANG MAI, Thailand (Reuters) – Chinese panda experts and Thai officials on Thursday began preparing for an autopsy of beloved giant panda Chuang Chuang, who died unexpectedly this week at the Chiang Mai Zoo in northern Thailand while on loan from Beijing. The death of 19-year-old Chuang Chuang sparked mourning among Thai fans and an Read More

Petrofac sells remaining 51% of Mexican operations

3 days ago DieselGasoil Comments Off on Petrofac sells remaining 51% of Mexican operations
9/19/2019 LONDON – Petrofac has signed an agreement to sell its remaining 51% interest in its operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco International. The terms of the transaction are substantially the same as the sale of a 49% non-controlling interest to Perenco in October 2018. The transaction is subject to regulatory Read More

Talos Energy strikes Gulf of Mexico deals with BP, ExxonMobil

3 days ago DieselGasoil Comments Off on Talos Energy strikes Gulf of Mexico deals with BP, ExxonMobil
9/19/2019 HOUSTON – Talos Energy has entered into two separate agreements with BP and Exxon Mobil related to new exploration opportunities in the U.S. Gulf of Mexico. The Company will work with BP to drill and evaluate the Puma West prospect, located in Talos-owned Green Canyon Block 821, in the fourth quarter of 2019. Additionally, Read More

Chinese experts to probe panda Chuang Chuang’s death in Thai zoo

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BANGKOK (Reuters) – Animal experts from China are to arrive at a Thai zoo on Thursday to investigate the unexpected death of a giant panda in the northern city of Chiang Mai, Thai officials said. Photos on Wednesday showed Thai mourners and zoo staff laying flowers near the empty enclosure of Chuang Chuang at age Read More