newszine

AMLO allocates $23 billion for Pemex to boost output in 2019

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By Amy Stillman on 12/16/2018 MEXICO CITY (Bloomberg) — Mexican President Andres Manuel Lopez Obrador is boosting Petroleos Mexicanos’ budget to $23 billion (464.6 billion pesos) next year to reverse flagging oil production and increase domestic fuel output. Lopez Obrador is proposing that Pemex invest $10.4 billion (211 billion pesos) in exploration and production in Read More

Nations agree on global climate pact rules, but they are seen as weak

2 days ago DieselGasoil Comments Off on Nations agree on global climate pact rules, but they are seen as weak
KATOWICE, Poland (Reuters) – Nearly 200 countries overcame political divisions late on Saturday to agree on rules for implementing a landmark global climate deal, but critics say it is not ambitious enough to prevent the dangerous effects of global warming. COP24 President Michal Kurtyka is greeted after adopting the final agreement during a closing session Read More

Nations agree global climate pact rules, but seen as weak

2 days ago DieselGasoil Comments Off on Nations agree global climate pact rules, but seen as weak
KATOWICE, Poland (Reuters) – Nearly 200 countries overcame political divisions late on Saturday to agree on rules for implementing a landmark global climate deal, but critics say it is not ambitious enough to prevent the dangerous effects of global warming. COP24 President Michal Kurtyka is greeted after adopting the final agreement during a closing session Read More

Trump says GM shift to electric vehicles is 'not going to work'

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WASHINGTON (Reuters) – President Donald Trump on Thursday said General Motors Co’s (GM.N) decision to shift much of its focus to electric vehicles will not succeed, and he asserted a new trade deal will make it harder for the company to move work to other countries. SUVs move through the assembly line at the General Read More

Siemens offers industrialized 3D printing for complex challenges

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12/13/2018 ABERDEEN — With the opening of the new state-of-the-art 3D printing facility at Materials Solutions Ltd. in the U.K., Siemens is continuing to drive the industrialization of additive manufacturing (AM). The investment of $34 million (€30 million) in the new U.K. facility enables the growth of the business by doubling the capacity of 3D-printing Read More

U.S. FCC considers ending merger ban among broadcast networks

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WASHINGTON (Reuters) – The Federal Communications Commission on Wednesday voted to open a new review of U.S. media ownership rules and seek comments on whether the government should end a prohibition on mergers among the four largest broadcast networks. Chairman Ajit Pai speaks ahead of the vote on the repeal of so called net neutrality Read More

OPEC data suggest deeper cut may be needed in late 2019

6 days ago DieselGasoil Comments Off on OPEC data suggest deeper cut may be needed in late 2019
By Grant Smith on 12/12/2018 LONDON (Bloomberg) — Production cuts agreed by OPEC and its allies are on track to balance global oil markets in the first half of 2019, but more work may be needed after that.  If Saudi Arabia, Russia and other countries in the so-called OPEC+ coalition cut production by 1.2 MMbpd Read More

China vows to tackle marine pollution in Bohai Sea

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SHANGHAI (Reuters) – China has promised to take action to “significantly reduce” the volume of industrial wastewater flowing into the Bohai Sea, one of the world’s busiest and most polluted shipping routes, the environment ministry said on Tuesday. China has been struggling to reverse the environmental damage done to the Bohai Sea, which stretches along Read More

Alberta works magic as oil production-cut plan staves off crisis

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By Kevin Orland on 12/10/2018 CALGARY (Bloomberg) — Alberta’s oil-production curtailment plan has largely accomplished its mission — even before it has gone into effect.  Since Canada’s top oil-producing province announced mandatory output curbs on December 2, the spot price of Western Canada Select crude has surged more than 70%. The grade’s discount to the Read More