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Kvaerner invests to increase productivity and competitiveness

14 hours ago DieselGasoil Comments Off on Kvaerner invests to increase productivity and competitiveness
Kvaerner is taking new steps to increase competitiveness and position the company for future growth. At the Group’s advanced facilities at Stord, the capacity in the yard area, storage area and offices is expanded. In addition, Kvaerner establishes its own inhouse capacity to supply insulation boxes, which often makes up a significant part of offshore Read More

Prairie Provident Announces Significant Incremental Reserves Booking Attributable to Evi Waterflood

1 day ago DieselGasoil Comments Off on Prairie Provident Announces Significant Incremental Reserves Booking Attributable to Evi Waterflood
CALGARY, Alberta, Sept. 18, 2019 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of an updated independent reserves evaluation of the Company’s interests in respect to specific reserve entities within three future undeveloped waterflood expansion areas in Evi (“Evi Waterflood Areas”). The evaluation was Read More

Deutsche Telekom to take on telecom ops from slimmed-down T-Systems

1 day ago DieselGasoil Comments Off on Deutsche Telekom to take on telecom ops from slimmed-down T-Systems
BONN, Germany (Reuters) – Deutsche Telekom is taking back responsibility for corporate telecoms clients from its restructured T-Systems unit, which will emerge as a slimmed-down operation focused on IT and digital services. FILE PHOTO: Adel Al-Saleh, member of the board of Deutsche Telekom AG and CEO of T-Systems of Germany’s telecommunications giant Deutsche Telekom is Read More

Saudis keep oil flowing as they patch up wounded industry

2 days ago DieselGasoil Comments Off on Saudis keep oil flowing as they patch up wounded industry
By Anthony DiPaola on 9/18/2019 DUBAI (Bloomberg) – Saudi Arabia reassured anxious customers that crude exports will keep flowing as normal and its industry can recover quickly from the worst attack in its history. Crude prices fell after Tuesday’s long-awaited statement from the kingdom — which pumped almost 10% of the world’s oil before the Read More

Saudi Arabia to restore 11 million b/d production capacity within two weeks: energy minister

2 days ago DieselGasoil Comments Off on Saudi Arabia to restore 11 million b/d production capacity within two weeks: energy minister
Highlights Abqaiq is processing some 2 million b/d Oil prices fall after Saudi attack update Aramco IPO plan still set for next 12 months London — Saudi Arabia expects to restore most of the crude production affected by attacks on two of its key oil facilities within two weeks, the country’s energy minister said Tuesday, Read More

Saudi Arabia to restore 11 million b/d production capacity by end September: energy minister

2 days ago DieselGasoil Comments Off on Saudi Arabia to restore 11 million b/d production capacity by end September: energy minister
London — Saudi Arabia expects to restore its oil production capacity to 11 million b/d by the end of end of September and recover its full capacity to 12 million b/d two months later, the country’s energy minister Prince Abdulaziz bin Salman said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Dril-Quip, Inc. Announces Termination of Contract Award for Ca Rong Do Project

3 days ago DieselGasoil Comments Off on Dril-Quip, Inc. Announces Termination of Contract Award for Ca Rong Do Project
HOUSTON, Sept. 16, 2019 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ) today announced that the contract award between its subsidiary Dril-Quip Asia Pacific Pte Ltd. and Repsol for the supply of drilling Top Tensioned Riser (TTR) systems for the Ca Rong Do (CRD) project located offshore Vietnam has been terminated.  The contract was awarded in Read More

Delphi Energy Corp. Announces Close of Alliance Service Sale and Agreement to Reactivate Alliance Lateral Line

4 days ago DieselGasoil Comments Off on Delphi Energy Corp. Announces Close of Alliance Service Sale and Agreement to Reactivate Alliance Lateral Line
CALGARY, Alberta, Sept. 16, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces the closing of the sale of a portion of its Alliance Service and the execution of an Interconnection Development Agreement with Alliance Pipeline Limited Partnership to reactivate its lateral line to the company-owned Bigstone West Gas Plant located at Read More

Exclusive: Germany wants to cap next EU budget at 1%, seeks more funds for climate and migration

4 days ago DieselGasoil Comments Off on Exclusive: Germany wants to cap next EU budget at 1%, seeks more funds for climate and migration
Smoke and steam billows a coal-fired power plant near Belchatow, Poland November 28, 2018. REUTERS/Kacper Pempel BRUSSELS/BERLIN (Reuters) – Germany wants to cap the European Union’s next budget for 2021-27 at 1% of the continent’s economy, a scenario that would still see Berlin contribute some 10 billion euros more every year, according to a document Read More

Attacks on Saudi oil risk lowering Aramco IPO valuation

5 days ago DieselGasoil Comments Off on Attacks on Saudi oil risk lowering Aramco IPO valuation
By Shaji Mathew, Filipe Pacheco and Sarah Algethami on 9/15/2019 DUBAI (Bloomberg) – As bankers discussed Saudi Aramco’s initial public offering at the Ritz Carlton hotel in Dubai last week, a drone attack was being planned to hit the heart of its operations over the weekend. It caused Saudi Arabia to halve its oil output Read More