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Petrobras Parties Pay Vantage Drilling Parties $700.9 million to satisfy Arbitration Award and related U.S. Judgment

3 days ago DieselGasoil Comments Off on Petrobras Parties Pay Vantage Drilling Parties $700.9 million to satisfy Arbitration Award and related U.S. Judgment
HOUSTON, June 21, 2019 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) announced today that Petrobras Venezuela Investments & Services, BV (“PVIS”), a subsidiary of Petroleo Brasileiro S.A (“Petrobras”), entered into an agreement with Vantage Deepwater Company (“VDEEP”), a wholly-owned subsidiary of Vantage, pursuant to which PVIS paid VDEEP approximately $690.8 million to Read More

Interview: UK minnow Verus touts nimble approach in North Sea

3 days ago DieselGasoil Comments Off on Interview: UK minnow Verus touts nimble approach in North Sea
Highlights Private equity-backed players shake up industry Small teams and outsourcing contrast with Norway Verus growing with series of acquisitions London — Verus Petroleum is part of a new wave of small private equity-backed companies helping revive UK oil and gas production, aiming to stay nimble even as it builds up its uptream assets, CEO Read More

Canadian oil industry dismayed as contentious energy bills become law

4 days ago DieselGasoil Comments Off on Canadian oil industry dismayed as contentious energy bills become law
CALGARY, Alberta (Reuters) – Two pieces of legislation opposed by Canada’s oil and gas industry that fulfill Liberal government promises to protect the environment will become law on Friday. Canada’s Prime Minister Justin Trudeau speaks as Canada’s Foreign Minister Chrystia Freeland listens during a news conference at the Canadian Embassy, in Washington, U.S. June 20, Read More

SHARC Energy Invited to Participate in the Canadian Water & Wastewater R&D Mission to South Korea June 25th to 28th

5 days ago DieselGasoil Comments Off on SHARC Energy Invited to Participate in the Canadian Water & Wastewater R&D Mission to South Korea June 25th to 28th
VANCOUVER, British Columbia, June 20, 2019 (GLOBE NEWSWIRE) — Sharc International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC” or “the Company”) is pleased to announce that the Company has been invited by Global Affairs Canada (“GAC”) through the Embassy of Canada in Seoul and the National Research Council Industrial Research Assistance Program (“NRC-IRAP”), Read More

Aker BP granted drilling permit for exploration well northeast of Norne

5 days ago DieselGasoil Comments Off on Aker BP granted drilling permit for exploration well northeast of Norne
6/20/2019 STAVANGER — The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 6608/6-1 cf. Section 15 of the Resource Management Regulations. Well 6608/6-1 will be drilled from the Deepsea Stavanger drilling facility in position 66 30`2.69 N and 08 56`19.27 E. The drilling program for well 6608/6-1 relates to the Read More

Capricorn Norge AS granted drilling permit for exploration well southeast of Norne

5 days ago DieselGasoil Comments Off on Capricorn Norge AS granted drilling permit for exploration well southeast of Norne
6/20/2019 STAVANGER — The Norwegian Petroleum Directorate has granted Capricorn Norge AS a drilling permit for well 6508/1-3 cf. Section 15 of the Resource Management Regulations. Well 6508/1-3 will be drilled from the Transocean Arctic drilling facility in position 65 58`25.73 N and 08 09`49.06 E. The drilling program for well 6508/1-3 relates to the Read More

Oil discoveries at Jorvik and Tellus East exploration wells 

5 days ago DieselGasoil Comments Off on Oil discoveries at Jorvik and Tellus East exploration wells 
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has made two oil discoveries in exploration wells 16/1-31 S (Jorvik) and 16/1-31 A (Tellus East) on the eastern edge of the Edvard Grieg field in PL338 on the Utsira High. Highlights Oil and gas discoveries Read More

ExxonMobil looks at encouraging upstream future in Newfoundland and Labrador

5 days ago DieselGasoil Comments Off on ExxonMobil looks at encouraging upstream future in Newfoundland and Labrador
By Kurt Abraham, Editor-in-Chief, World Oil on 6/19/2019 ST. JOHNS — As the annual meeting of the Newfoundland and Labrador Oil and Gas Industries Association (Noia) proceeded through its first sessions on Tuesday, attendees heard encouraging words about future activity in the province from several operators. One of the speakers providing an optimistic update on Read More

Trump U.N. pick Craft says climate change a threat to planet

5 days ago DieselGasoil Comments Off on Trump U.N. pick Craft says climate change a threat to planet
(Reuters) – U.S. President Donald Trump’s pick to be United Nations ambassador acknowledged on Wednesday that climate change is a threat and pledged to recuse herself from any U.N. talks on the issue involving coal because her husband is a coal billionaire. Kelly Craft testifies before a Senate Foreign Relations Committee hearing on her nomination Read More