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SDX Energy reports significant oil discovery in Egypt’s West Gharib Concession

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6/26/2019 LONDON — SDX Energy plc, the North Africa focused oil and gas company, has announced that an oil discovery has been made at its Rabul-7 development well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator). The well was drilled to a TD of 5,323 ft and encountered approximately Read More

RRC commissioners assess nearly $1 million in penalties

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6/25/2019 AUSTIN — The Railroad Commission of Texas assessed $939,780 in fines involving 288 enforcement dockets against operators and businesses at the Commissioners’ conference this week. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety. Thirty-six dockets involved $514,280 in penalties after operators failed to appear Read More

Exclusive: Dirty oil crisis over for Russia, but contagion felt on high seas

2 days ago DieselGasoil Comments Off on Exclusive: Dirty oil crisis over for Russia, but contagion felt on high seas
MOSCOW/LONDON (Reuters) – In the opinion of Russian officials, the oil contamination crisis that disrupted flows from the world’s second-largest exporter of crude this spring is long over. FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Baltic Sea port of Ust-Luga, Russia February 26, 2018. REUTERS/Vladimir Soldatkin/File Read More

Venezuela’s oil production set for another drop

2 days ago DieselGasoil Comments Off on Venezuela’s oil production set for another drop
Venezuela’s oil production fell to a new low last month, as economic crisis and sanctions continue to strangle the industry. Venezuela’s output fell by 35,000 bpd in May, plunging to 741,000 bpd for the month, according to OPEC’s secondary sources, the lowest total in about a half century. The problems for Venezuela are not new Read More

Oil gains as new sanctions set to ratchet up pressure on Iran

3 days ago DieselGasoil Comments Off on Oil gains as new sanctions set to ratchet up pressure on Iran
By James Thornhill on 6/23/2019 SYDNEY (Bloomberg) —Oil extended its rally after the U.S. said it was preparing new sanctions against Iran, further escalating tensions between the two states. Futures in New York were up 0.5%, after surging 9.4% last week — the biggest weekly gain in more than two years. U.S. Secretary of State Read More

Maersk Drilling completes sale of jackup Mærsk Giant

5 days ago DieselGasoil Comments Off on Maersk Drilling completes sale of jackup Mærsk Giant
6/21/2019 Maersk Giant. COPENHAGEN — Maersk Drilling has completed the sale of jack-up rig Giant (formerly named Mærsk Giant) to the LOTOS Petrobaltic Group. The new owners will use the rig for drilling solely in the Baltic Sea, for jobs involving the LOTOS Petrobaltic Group and other contracting parties. “After reviewing different options, we believe Read More

Lost polar bear taken to Siberian zoo to be treated

5 days ago DieselGasoil Comments Off on Lost polar bear taken to Siberian zoo to be treated
A female polar bear, which was found stray in the industrial city of Norilsk, eats meat inside a quarantine cage after arriving at the Royev Ruchey zoo in Krasnoyarsk, Russia June 21, 2019. REUTERS/Ilya Naymushin MOSCOW (Reuters) – A famished polar bear picked up this week after it wandered lost into a northern Russian city hundreds of kilometers Read More

India looks to Russian crude as Iranian imports crash

6 days ago DieselGasoil Comments Off on India looks to Russian crude as Iranian imports crash
India and Russia continue to bolster their energy cooperation, and now India is looking at ways to establish oil shipping routes from Russia’s Far East India’s east coast. During the meeting (between India’s Oil Minister Dharmendra Pradhan with Yury Trutnev, Russia’s Deputy Prime Minister and the Russian president’s top envoy to Russia’s Far East), India and Read More

Large Exxon shareholder starts divesting over climate change

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By Kelly Gilblom and William Mathis on 6/21/2019 LONDON (Bloomberg) — One of Exxon Mobil‘s largest shareholders, Legal & General Group, has divested 19 of its funds from the company and will ask its clients if it can withdraw more money, saying the oil and gas producer isn’t adequately addressing climate change. Exxon is the Read More

Russia squeezing embattled Venezuela for tax-free gas expansion

6 days ago DieselGasoil Comments Off on Russia squeezing embattled Venezuela for tax-free gas expansion
By Fabiola Zerpa and Peter Millard on 6/20/2019 CARACAS and RIO DE JANEIRO (Bloomberg) — Russia’s state-controlled oil giant, Rosneft PJSC, is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap, a potential headache for the U.S. and Europe. An accord signed by both Russia and Venezuela earlier this month Read More