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CP Energy Services Welcomes Spartan Energy Services to the CP Energy Group of Affiliated Companies

12 hours ago DieselGasoil Comments Off on CP Energy Services Welcomes Spartan Energy Services to the CP Energy Group of Affiliated Companies
OKLAHOMA CITY, July 23, 2019 (GLOBE NEWSWIRE) — CP Energy Services, Inc. (“CP” or “CP Energy Services”) announced today, as a result of its recapitalization of Spartan Energy Services (“Spartan”), that CP now welcomes Spartan to the CP Energy Group of affiliated companies, which also includes CP Well Testing, Arctic Energy Services, and Foster Testing. Read More

Lobsters & wine? French environment minister steps down over embarrassing report on ‘lavish feasts’

1 week ago DieselGasoil Comments Off on Lobsters & wine? French environment minister steps down over embarrassing report on ‘lavish feasts’
The French environment minister has announced his resignation after a media report claimed he financed luxurious dinners from the public till, served with $600 bottles of wine. The former minister is responding with a libel suit. François de Rugy, Minister for Ecological and Solidary Transition, submitted his resignation on Tuesday, denying the report and stating Read More

Bones of missing backpacker found off Australian beach

1 week ago DieselGasoil Comments Off on Bones of missing backpacker found off Australian beach
By Lucia Binding, news reporter Bones found in waters off a beach in Australia are believed to be the remains of a Frenchman missing since February, police have said. Erwan Ferrieux, 21, was last seen with British tourist Hugo Palmer, 20, five months ago near Port Macquarie, a popular tourist town around 385km (240 miles) Read More

Gran Tierra Energy Inc. Announces Operations Update

2 weeks ago DieselGasoil Comments Off on Gran Tierra Energy Inc. Announces Operations Update
CALGARY, Alberta, July 10, 2019 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operations update.  Production amounts are unaudited and on an average working interest before royalties (“WI”) basis unless otherwise indicated. Key Highlights Southern Putumayo Blockades Lifted – Production Restored: Gran Tierra has been able Read More

Precision Drilling Corporation 2019 Second Quarter Results Conference Call and Webcast

2 weeks ago DieselGasoil Comments Off on Precision Drilling Corporation 2019 Second Quarter Results Conference Call and Webcast
CALGARY, Alberta, July 08, 2019 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) intends to release its 2019 second quarter results before the market opens on Thursday, July 25, 2019 and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT (2:00 p.m. ET) on the same day. The conference call dial Read More

Precision Drilling Corporation Announces Organizational Changes

3 weeks ago DieselGasoil Comments Off on Precision Drilling Corporation Announces Organizational Changes
CALGARY, Alberta, July 03, 2019 (GLOBE NEWSWIRE) — Doug Evasiuk, Senior Vice President, Sales & Marketing and Officer of the company, retired at the end of June, capping a successful 26-year career with Precision Drilling. Kevin Neveu, President and CEO commented, “Doug has been an integral part of the Precision organization during his career. Over Read More

China’s Centurium Capital raises over $2 billion from GIC, Temasek, others

3 weeks ago DieselGasoil Comments Off on China’s Centurium Capital raises over $2 billion from GIC, Temasek, others
HONG KONG (Reuters) – China’s Centurium Capital, a big backer of domestic startup Luckin Coffee, said it has raised more than $2 billion in its debut fund, giving the private equity firm more firepower to cut deals involving the world’s second-largest economy. FILE PHOTO: CEO of Luckin Coffee Jenny Qian Zhiya (3rd R), non-executive chairman Read More

Oilfield service industry fighting for life in a world of cheap oil

3 weeks ago DieselGasoil Comments Off on Oilfield service industry fighting for life in a world of cheap oil
By David Wethe on 7/2/2019 HOUSTON (Bloomberg) –For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. Five years after crude began its plunge to less than $30/bbl from more than $100/bbl, the companies that drill and frack wells are living in a new world. The producers they Read More