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SDRL – Seadrill Limited Announces Second Quarter 2019 Results

1 hour ago DieselGasoil Comments Off on SDRL – Seadrill Limited Announces Second Quarter 2019 Results

Highlights• Solid operational performance in the quarter with 96% economic utilization• Revenue up 6% at $321 million with increasing reimbursable revenues• Operating Loss of $73 million• Adjusted EBITDA of $69 million• Reported net loss of $206 million equivalent to net loss per share of $2.03• Total cash of $1.5 billion following completion of the Senior Read More

Sour crude spreads move higher as market sentiment firms

3 hours ago DieselGasoil Comments Off on Sour crude spreads move higher as market sentiment firms

Singapore — Timespreads for benchmark Dubai crude oil futures rose Tuesday morning in Asia as market sentiment firmed for Middle East sour crude, amid strong demand from North Asian refiners. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10 am in Singapore (0200 GMT), the September/October spread for Read More

Industry looks to Gulf of Mexico Lease Sale 253 for signs of offshore resurgence

8 hours ago DieselGasoil Comments Off on Industry looks to Gulf of Mexico Lease Sale 253 for signs of offshore resurgence

Highlights Total 2019 sales should exceed 2018 totals: BOEM Recent operators’ optimism for US Gulf remains high Crude holding above $50/b breakeven Houston — The oil and gas industry will be closely watching this week’s US Gulf of Mexico lease sale to determine if lower oil prices will slow the renewed optimism in offshore projects, Read More

Oil climbs as Huawei sanctions delay offers sign of trade war truce

10 hours ago DieselGasoil Comments Off on Oil climbs as Huawei sanctions delay offers sign of trade war truce

By Alex Nussbaum and Grant Smith on 8/19/2019 NEW YORK (Bloomberg) – Oil climbed as the U.S. delayed sanctions against Huawei Technologies, offering a hint of progress in its trade war with China, and a drone attack in Saudi Arabia highlighted simmering Middle East tensions. Futures jumped 2.4% to top $56/bbl in New York on Read More

Musk warns Earth has NO ASTEROID DEFENSE following ‘God of Chaos’ news reports

20 hours ago DieselGasoil Comments Off on Musk warns Earth has NO ASTEROID DEFENSE following ‘God of Chaos’ news reports

The gigantic Apophis asteroid hurtling towards Earth has sparked a flurry of panicked news reports. Elon Musk is warning that we are completely defenseless against planet-killer asteroids even if this one doesn’t pose a threat. Musk was responding to a tweet from his friend, podcast host Joe Rogan, who shared a news article about the Read More

U.S. oil export race accelerates as Enterprise makes leap ahead

20 hours ago DieselGasoil Comments Off on U.S. oil export race accelerates as Enterprise makes leap ahead

By Sheela Tobben on 8/19/2019 NEW YORK (Bloomberg) – The race to develop oil terminals that can fully load supertankers on the U.S. Gulf Coast remains congested, even as one of North America’s largest pipeline operators decided to push its project ahead. Over a year, more than 10 projects have been proposed for terminals that, Read More

Oil rises as Saudi drone attack stokes export concerns

20 hours ago DieselGasoil Comments Off on Oil rises as Saudi drone attack stokes export concerns

By Saket Sundria and Grant Smith on 8/19/2019 SINGAPORE (Bloomberg) – Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardize crude exports. Futures in New York advanced as much as 1.7% to trade above $55/bbl. Yemeni rebels Read More

Precision Announces Reduced 2019 Capital Expenditure Plan and Board Approval of Normal Course Issuer Bid

20 hours ago DieselGasoil Comments Off on Precision Announces Reduced 2019 Capital Expenditure Plan and Board Approval of Normal Course Issuer Bid

CALGARY, Alberta, Aug. 19, 2019 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later Read More

Stimulus hopes support stocks, ease pressure on bonds

22 hours ago DieselGasoil Comments Off on Stimulus hopes support stocks, ease pressure on bonds

LONDON (Reuters) – Global equity markets rose on Monday on signs that major economies would look to prop up stalling growth with fresh stimulus measures, easing pressure on bonds and dampening demand for perceived safe-havens such as gold. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front Read More

Asia stocks advance as China’s rates tweak improves investor mood

1 day ago DieselGasoil Comments Off on Asia stocks advance as China’s rates tweak improves investor mood

TOKYO (Reuters) – Asian stocks rode a Wall Street rally on Monday and were also cheered by a decision from China’s central bank to alter the way it sets a key interest rate benchmark, a move seen by analysts as reducing borrowing costs for companies. FILE PHOTO: A woman points to an electronic board showing Read More

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Top U.S. CEOs say companies should put social responsibility above profit

NEW YORK (Reuters) – Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday. The group’s “statement of corporate purpose” was signed by the heads of more than 180 U.S. companies, including the CEOs of Amazon.com I [.....]

Wall Street rallies on hopes of global economic stimulus

NEW YORK (Reuters) – U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell. The benchmark S&P 500 has recovered most of its losses following Wednesday’s brief invers [.....]

Macron lectures Putin on ‘right to protest’ amid own crackdown on Yellow Vests

Emmanuel Macron took the opportunity to tell Russia’s Vladimir Putin that a “true democracy” should treat protesters with respect. In France, anti-Macron protesters have been met with police batons for the past 40 weekends. The two leaders met ahead of the G7 summit, which Russia will not be part of [.....]

The mysterious life and death of billionaire Jeffrey Epstein

Jeffrey Epstein’s sex scandal and suicide has prompted huge conversation about the mysterious life of the New York financier. The billionaire money manager and convicted sex offender hanged himself in his cell earlier this month while awaiting trial for charges of sex trafficking and conspiracy. But [.....]

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Facebook: Nick Clegg says ‘no evidence’ of Russian interference in Brexit vote

There is “absolutely no evidence” Russia influenced the Brexit result using Facebook, the company’s vice-president, Sir Nick Clegg, has said. The former deputy PM told the BBC the company had carried out analyses of its data and found no “significant attempt” by outside forces to sway the vote. Inst [...]

Missing YouTuber Etika’s belongings found

The belongings of a gaming YouTuber who has been missing for five days have been found on Manhattan Bridge in New York. Desmond Amofah, known as Etika, had uploaded an eight-minute video in which he talked about suicidal thoughts. Etika was known for playing and discussing Nintendo games on YouTube [...]

Trade tensions and a weaker yuan drive Chinese crypto demand, market players say

LONDON/NEW YORK (Reuters) – Trade tensions between the United States and China and a weakening yuan are boosting demand for cryptocurrencies among Chinese investors, market players from Asia to New York said. FILE PHOTO: Small toy figurines are seen on representations of the Bitcoin virtual currency [...]

Bitcoin slumps to two-week low on technical trading, market jitters

FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/File Photo/File Photo LONDON (Reuters) – Bitcoin extended losses on Thursday after suffering its worst day for a month on Wednesday, with traders ci [...]

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