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Petrofac secures contract with Petroleum Development Oman

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12/17/2018 Photo: Petrofac employees. ST. HELIER, Jersey — Petrofac has been awarded a contract worth around $115 million for the development of the Qarn Alam Co-Generation Project, located 350 km southwest of Muscat, Oman. This is the latest in a series of awards for Petrofac in Oman and the second to be secured under a Read More

Exxon becomes Permian drill chief to combat falling oil output

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By Kevin Crowley on 12/17/2018 Photo: Pump jack. HOUSTON (Bloomberg) — Exxon Mobil Corp. has overtaken rivals to become the most active driller in the Permian Basin, showing the urgency with which the world’s biggest oil company by market value is pursuing U.S. shale. Even after a slow start in the region of West Texas Read More

ALIMENTATION COUCHE-TARD AND CROSSAMERICA ANNOUNCE AGREEMENT FOR SERIES OF ASSET EXCHANGES

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Laval, Québec, Canada and Allentown, PA, United States, December 17, 2018, Dec. 17, 2018 (GLOBE NEWSWIRE) —                         ALIMENTATION COUCHE-TARD AND CROSSAMERICA ANNOUNCE AGREEMENT FOR SERIES OF ASSET EXCHANGES Alimentation Couche-Tard has agreed to sell to CrossAmerica 192 U.S. company-operated convenience and fuel retail stores (the “Circle K stores”) CrossAmerica has agreed to sell to Read More

Canadian regulator to fine Glencore-controlled miner over Congo – WSJ

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(Reuters) – A Glencore-controlled (GLEN.L) mining company and some of its current and former executives have agreed to pay more than $22 million to settle Canadian allegations they hid the risks of doing business with an Israeli close to Congolese President Joseph Kabila, the Wall Street Journal reported. FILE PHOTO: The logo of commodities trader Read More

2019 will be a wild year for oil

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Oil prices have bounced around in the week following the OPEC+ agreement, and the IEA says that the deal may have at least put a floor beneath prices. However, volatility is unlikely to go away. There are a litany of variables that will have enormous impact on oil as we head into 2019, on both Read More

China trade steps seen as good start but leave core U.S. demands untouched

1 day ago DieselGasoil Comments Off on China trade steps seen as good start but leave core U.S. demands untouched
WASHINGTON (Reuters) – The United States has welcomed Chinese concessions since the two declared a trade war truce in early December, but trade experts and people familiar with negotiations say Beijing needs to do far more to meet U.S. demands for long-term change in how China does business. FILE PHOTO: U.S. dollar and China yuan Read More

So much for reform & tolerance: Saudis open to ridicule over Christmas tree ban memo

2 days ago DieselGasoil Comments Off on So much for reform & tolerance: Saudis open to ridicule over Christmas tree ban memo
Saudi Arabia faced ridicule online after it reminded the international community of its strict ban on Christmas tree imports and celebrations ahead of the holiday season, despite its much-touted liberal reforms and social changes. The Kingdom’s customs authority has warned citizens and guests that Christmas trees are still banned from entering the ultra-conservative state. Moreover, Read More

Thailand could legalise same-sex civil partnerships

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Thailand could be the first country in southeast Asia to legally recognise same-sex civil partnerships – if the government approves a new bill this month. As well as LGBTQI relationships being acknowledged under Thai law for the first time, other changes would include inheritance and property rights for same-sex couples, and the right to give Read More

BBC seeks to ‘prove’ Moscow link to Yellow Vest protests – leaked messages suggest

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The BBC is desperate in its quest to ‘find’ the dreaded Kremlin hand behind the French protests, messages obtained by Russian media indicate. They reveal attempts by one of its journalists to find any trace of Russian involvement. A series of screenshots, purporting to show a conversation between BBC Russia journalist Olga Ivshina and a Read More

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

3 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