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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