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Take Five: Take it easy, central banks – World markets themes for the week ahead

17 hours ago DieselGasoil Comments Off on Take Five: Take it easy, central banks – World markets themes for the week ahead
(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis 1/ TAKE IT EASY With the U.S. Federal Reserve well Read More

CNOOC reports 2018 reserves, producton, profit increase

17 hours ago DieselGasoil Comments Off on CNOOC reports 2018 reserves, producton, profit increase
3/22/2019 Photo: CNOOC. HONG KONG — CNOOC Limited has announced its 2018 annual results for the year ended December 31, 2018. In 2018, CNOOC Limited expanded its oil and gas reserves and production at a steady pace, strengthened its cost control and achieved remarkable results. Total net oil and gas production of the company achieved Read More

Tanzania to start talks for $30 billion LNG project

19 hours ago DieselGasoil Comments Off on Tanzania to start talks for $30 billion LNG project
By Ken Karuri on 3/22/2019 DODOMA (Bloomberg) — Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said. The talks are aimed at reaching a so-called Host Government Agreement, the pact that governs the rights and obligations of parties with respect Read More

U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote

1 day ago DieselGasoil Comments Off on U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
SEOUL (Reuters) – Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate. Employees of Hyundai Motor Group attend the company’s new year ceremony in Seoul, South Korea, Read More

Penn Virginia and Denbury Mutually Agree to Terminate Merger Agreement

1 day ago DieselGasoil Comments Off on Penn Virginia and Denbury Mutually Agree to Terminate Merger Agreement
HOUSTON, March 21, 2019 (GLOBE NEWSWIRE) — Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ: PVAC) today announced it has mutually agreed with Denbury Resources Inc. (NYSE: DNR) (“Denbury”) to terminate their previously announced merger agreement. “After careful consideration, the Penn Virginia board of directors decided that it is in the best interests of Read More

Trump has a plan to preserve benefits for oil drillers in future

1 day ago DieselGasoil Comments Off on Trump has a plan to preserve benefits for oil drillers in future
By Jennifer A. Dlouhy on 3/21/2019 Photo: United States President Donald Trump. WASHINGTON (Bloomberg) — A top Interior Department official told oil industry leaders the Trump administration is seeking to sign contracts leasing new coastal waters for oil drilling under favorable terms that will be difficult for future presidents to revoke or rewrite. Joe Balash, Read More

Wintershall produces record 171 MMboe

1 day ago DieselGasoil Comments Off on Wintershall produces record 171 MMboe
3/21/2019 Editor’s Note: This is an abbreviated section of Wintershall’s outlook. For more information, please visit the company’s website. Photo: Alejandro Kirchuk/Wintershall. KASSEL — Wintershall is looking back in 2019 not only on 125 years of company history, but also on a successful past business year. “In 2018 we set a production record with daily Read More

Bellatrix Announces Filing of 2018 Annual Information Form and Form 40-F

1 day ago DieselGasoil Comments Off on Bellatrix Announces Filing of 2018 Annual Information Form and Form 40-F
CALGARY, Alberta, March 21, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) today announces the filing of its Annual Information Form (“AIF“) for the year ended December 31, 2018, with the Canadian securities regulatory authorities on the System for Electronic Document Analysis and Retrieval (“SEDAR“). In addition, Bellatrix has filed Read More