reserves

Legacy Reserves LP Schedules Conference Call to Report Third Quarter 2017 Results

3 days ago DieselGasoil Comments Off on Legacy Reserves LP Schedules Conference Call to Report Third Quarter 2017 Results
MIDLAND, Texas, Oct. 18, 2017 (GLOBE NEWSWIRE) — Legacy Reserves LP (“Legacy”) (Nasdaq:LGCY) today announced it will provide details of its third quarter 2017 operating and financial performance with its earnings report which is scheduled to be released on Wednesday, November 1, 2017, following the close of NASDAQ trading.  A teleconference and webcast will be Read More

Groundhog Day in London as oil stock soars on North Sea reserves

1 week ago DieselGasoil Comments Off on Groundhog Day in London as oil stock soars on North Sea reserves
By Joe Easton and Ashita Chawla on 10/12/2017 LONDON (Bloomberg) — Shares of Independent Oil & Gas Plc rose as much as 100% on Thursday, the second dramatic increase for a North Sea explorer this week, after the London-based company announced a tenfold increase in its southern North Sea gas reserves. IOG said the portfolio holds Read More

Russian Federation piles up gold reserves in continued push away from US dollar

3 weeks ago DieselGasoil Comments Off on Russian Federation piles up gold reserves in continued push away from US dollar
Published time: 3 Oct, 2017 12:23 The Central Bank of Russian Federation (CBR) has more than doubled the pace of gold purchases over the past decade, adding more than 1,250 tons to its gold reserves according to World Gold Council data. In the second quarter alone, it accounted for 38 percent of all gold purchased Read More

Texas governor rejects immediate use of reserves for Houston

4 weeks ago DieselGasoil Comments Off on Texas governor rejects immediate use of reserves for Houston
(Reuters) – Texas will not immediately tap into its $10 billion budget reserve fund to help Houston pay for Hurricane Harvey recovery costs, the governor said on Tuesday. In a letter to Governor Greg Abbott dated Monday, Houston Mayor Sylvester Turner requested the move, saying it would allow the city to avoid a temporary property Read More

Qatar burns almost $40bn of reserves to live through blockade – Moody’s

1 month ago DieselGasoil Comments Off on Qatar burns almost $40bn of reserves to live through blockade – Moody’s
Published time: 15 Sep, 2017 09:42 Qatar has spent over 11 percent of its reserves in just three months after its Gulf neighbors led by Saudi Arabia imposed a blocked over Qatar’s alleged support of terrorism, Moody’s reports. According to the report, Doha used $38.5 billion, or 23 percent of GDP, to prop up the Read More

US taps crude from strategic reserves to cope with Hurricane Harvey

2 months ago DieselGasoil Comments Off on US taps crude from strategic reserves to cope with Hurricane Harvey
Published time: 1 Sep, 2017 10:15 The US Energy Department distributed a million barrels of oil from the Strategic Petroleum Reserve (SPR) to help the energy industry manage soaring prices in the wake of Hurricane Harvey. “I think we would be very comfortable tapping into that and providing that alleviated resource,” homeland security adviser Tom Read More

No-name U.S. oil driller gets shot at world's biggest reserves

2 months ago DieselGasoil Comments Off on No-name U.S. oil driller gets shot at world's biggest reserves
By David Wethe and Nathan Crooks on 8/9/2017 HOUSTON (Bloomberg) — Nicolas Maduro was in his element, flanked by an enormous Venezuelan flag, beneath a portrait of Simon Bolivar on horseback, in front of a statue of Hugo Chavez, praising foreign companies wise enough to make deals with what he called “our beloved PDVSA.” Read More