reserves

Gold to prove crucial hedge against next financial crisis – analyst

7 hours ago DieselGasoil Comments Off on Gold to prove crucial hedge against next financial crisis – analyst
While unsteady financial markets are bouncing up and down due to trade and geopolitical conflicts as well as political uncertainty, some investors turn to less risky assets, principally to gold. According to the recent report by the London-based consultancy Rosa & Roubini Associates, the latest developments in Italy could easily trigger another global financial crisis. Read More

Baytex and Raging River File Joint Management Information Circular Seeking Shareholder Approval of Strategic Combination

21 hours ago DieselGasoil Comments Off on Baytex and Raging River File Joint Management Information Circular Seeking Shareholder Approval of Strategic Combination
CALGARY, Alberta, July 20, 2018 (GLOBE NEWSWIRE) — Baytex Energy Corp. (TSX:BTE) (NYSE:BTE) (“Baytex“) and Raging River Exploration Inc. (TSX:RRX) (“Raging River“) are pleased to announce that they have filed a joint management information circular and proxy statement (the “Circular“) for their respective special shareholders’ meetings to be held in connection with the proposed strategic Read More

Shell in talks to sell $2-billion Nigeria oil assets

1 day ago DieselGasoil Comments Off on Shell in talks to sell $2-billion Nigeria oil assets
By Kelly Gilblom and Dinesh Nair on 7/20/2018 LONDON (Bloomberg) — Royal Dutch Shell Plc is in talks to sell two Nigerian oil licenses in an area that’s at the heart of environmental and human rights controversies for $2 billion, according to people familiar with the plan. The Anglo-Dutch oil major is discussing selling oil Read More

Texas power use to keep hitting records during heat wave: ERCOT

1 day ago DieselGasoil Comments Off on Texas power use to keep hitting records during heat wave: ERCOT
(Reuters) – Homes and businesses in Texas used record amounts of power for a second straight day on Thursday and are expected to use even more in the coming days as consumers crank up air conditioners to escape a brutal heat wave, according to the operator of much of the state’s power grid. FILE PHOTO: Read More

China chasing elusive shale boom nearly a decade after hunt began

1 day ago DieselGasoil Comments Off on China chasing elusive shale boom nearly a decade after hunt began
By Bloomberg News on 7/20/2018 BEIJING (Bloomberg) — China’s shale gas industry began with a long shot. Guo Xusheng, a stout and affable chief geologist at a unit of China Petroleum & Chemical Corp., persuaded his bosses in 2009 to give him about $3 million to drill deeper than anyone had before in southwestern China. Read More

Russia set to wean economy off US dollar as Washington ratchets up sanctions

1 day ago DieselGasoil Comments Off on Russia set to wean economy off US dollar as Washington ratchets up sanctions
The Russian finance ministry is working on a broad set of measures to protect the country’s economy amid growing pressure from the United States, Kommersant daily reports. The main part of the reforms is a plan to reduce the use of the US dollar in foreign trade transactions in favor of national currencies, according to Read More

Blackbird Energy Inc. Provides Operational Update

1 day ago DieselGasoil Comments Off on Blackbird Energy Inc. Provides Operational Update
CALGARY, Alberta, July 20, 2018 (GLOBE NEWSWIRE) — (TSX-V:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to provide an operational update including planned drilling activity, an update on infrastructure build out and the continued progression of its development planning. Development program north of the Wapiti River expected to commence in early August: Blackbird Read More

TransGlobe Energy Corporation Announces Operations Update

1 day ago DieselGasoil Comments Off on TransGlobe Energy Corporation Announces Operations Update
CALGARY, Alberta, July 20, 2018 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (TSX:TGL) (NASDAQ:TGA) (“TransGlobe” or the “Company”) announces operations update. All dollar values are expressed in US dollars unless otherwise stated. Updates Corporate production averaged approximately 14.9 MBoepd during June Received net proceeds of $27.2 million in mid-July for the June cargo of 450 Mbbls Read More

Texas power use hits record in heat wave, more peaks ahead: ERCOT

2 days ago DieselGasoil Comments Off on Texas power use hits record in heat wave, more peaks ahead: ERCOT
(Reuters) – Homes and businesses in Texas used record amounts of power on Thursday afternoon, breaking the previous record set Wednesday, and are expected to use even more in coming days as consumers crank up air conditioners to escape a brutal heat wave, according to the operator of much of the state’s power grid. The Read More

Suncor releases 2018 Report on Sustainability

2 days ago DieselGasoil Comments Off on Suncor releases 2018 Report on Sustainability
All financial figures are in Canadian  CALGARY, Alberta, July 19, 2018 (GLOBE NEWSWIRE) — Suncor today released its 2018 Report on Sustainability which details the company’s environmental, social and economic performance. It also includes Suncor’s perspective on the challenges and opportunities of climate change, and the transition to a low-carbon economy. This year’s report is Read More