newszine

Sparrows Group secures approved supplier status from Saudi Aramco

24 mins ago DieselGasoil Comments Off on Sparrows Group secures approved supplier status from Saudi Aramco
7/16/2019 ABERDEEN — Global specialist equipment and integrated engineering services company, Sparrows Group, has bolstered its position in Saudi Arabia after securing vendor approval status from the national oil company, Saudi Aramco. The approval allows recently formed local entity, Sparrows Saudi Arabia LLC, to deliver its full portfolio of services to Saudi Aramco including drilling Read More

Analysis: National oil producers raise trading game in battle for oil trade flows

24 mins ago DieselGasoil Comments Off on Analysis: National oil producers raise trading game in battle for oil trade flows
Highlights Aramco hires traders for new London desk NOC push heaps new pressure on Vitol, others Peak oil demand seen fueling trading expansion With Saudi Aramco preparing to open a new trading office in London, rival state-run producers are watching closely as the oil giant leads the charge by resource-rich national oil companies to compete Read More

Sanchez Energy Enters Interest Payment Grace Period to Continue Discussions with Stakeholders

17 hours ago DieselGasoil Comments Off on Sanchez Energy Enters Interest Payment Grace Period to Continue Discussions with Stakeholders
HOUSTON, July 15, 2019 (GLOBE NEWSWIRE) — Sanchez Energy Corporation (“Sanchez Energy” or the “Company”) (OTC Pink: SNEC) today announced that the Company has elected to defer making an interest payment on its 6.125% Senior Notes due 2023 (the “6.125% Notes”) while it continues ongoing constructive discussions with its bondholders and other stakeholders on a Read More

enCore Energy Comments on a Memorandum from President Trump Regarding the U.S. Nuclear Fuel Cycle

1 day ago DieselGasoil Comments Off on enCore Energy Comments on a Memorandum from President Trump Regarding the U.S. Nuclear Fuel Cycle
VANCOUVER, British Columbia, July 15, 2019 (GLOBE NEWSWIRE) — enCore Energy Corp. (TSX.V: EU) (the “Company“) has reviewed a memorandum (the “Memo”) from President Trump in response to an investigation on the current levels of U.S. uranium imports and a request from two petitioners to implement a quota system on the basis of section 232 Read More

EU to cut flow of funds to Turkey as drilling spat heats up

2 days ago DieselGasoil Comments Off on EU to cut flow of funds to Turkey as drilling spat heats up
By Nikos Chrysoloras on 7/14/2019 BRUSSELS (Bloomberg) — The European Union is poised to freeze most high-level contacts with Turkey and cut the flow of funds to the country, while holding back for now on sanctions that could target Turkish companies involved in offshore drilling in the eastern Mediterranean. EU diplomats have agreed on the Read More

Recoverable oil reserves at Russkoye field increased 8%

2 days ago DieselGasoil Comments Off on Recoverable oil reserves at Russkoye field increased 8%
7/14/2019 MOSCOW — The AB1 recoverable oil reserves of Russkoye field have increased 8% following exploration work carried out by Tyumenneftegaz, a petroleum production company belonging to Rosneft. The increase in the hydrocarbon potential of the project became possible thanks to the performance of 3D seismic and the drilling of three prospecting and exploration wells Read More

U.S. Fed seen launching repo facility in early 2020: Deutsche Bank

2 days ago DieselGasoil Comments Off on U.S. Fed seen launching repo facility in early 2020: Deutsche Bank
(Reuters) – The Federal Reserve may launch a policy tool to lend to banks using Treasuries and other securities as collateral in early 2020 with possible testing to begin later this year, a Deutsche Bank strategist said. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Read More

Pentagon wants to secure supply of rare earths after Chinese threats to cut exports – report

2 days ago DieselGasoil Comments Off on Pentagon wants to secure supply of rare earths after Chinese threats to cut exports – report
The Pentagon has been looking into US miners’ capabilities to produce rare earth metals, according to Reuters. It comes after Beijing signaled it may restrict exports of the vital materials amid the trade war with Washington. The US military has asked miners to come up with plans to develop domestic rare earths mines and processing Read More

Exclusive: Pentagon races to track U.S. rare earths output amid China trade dispute

4 days ago DieselGasoil Comments Off on Exclusive: Pentagon races to track U.S. rare earths output amid China trade dispute
(Reuters) – The Pentagon is rapidly assessing the United States’ rare earths capability in a race to secure stable supply of the specialized material amid the country’s trade conflict with China, which controls the rare earths industry, according to a government document seen by Reuters. FILE PHOTO: Samples of rare earth minerals from left: Cerium Read More

Canada’s struggling energy industry takes stock at annual Stampede party

4 days ago DieselGasoil Comments Off on Canada’s struggling energy industry takes stock at annual Stampede party
CALGARY, Alberta (Reuters) – Frustration is palpable among Canadian energy executives who have flocked to the annual Calgary Stampede celebrations in Canada’s oil capital this week, even though a recent pipeline approval gives them something to celebrate amid the rodeo competitions, corporate parties and pancake breakfasts. FILE PHOTO – President and CEO of Suncor Energy Read More