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Targa Resources sells 45% interest in Bakken Assets for $1.6 billion

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2/21/2019 Photo: North Dakota.gov. HOUSTON — Targa Resources Corp. has announced that it has entered into definitive agreements to sell a 45% interest in Targa Badlands LLC, the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities for $1.6 billion in cash. Under Read More

Mexico president says no more Pemex oil joint ventures for now

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The Pemex logo is pictured during the 80th anniversary of the expropriation of Mexico’s oil industry at the headquarters of state-owned oil giant in Mexico City, Mexico March 16, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – President Andres Manuel Lopez Obrador said on Thursday Mexico will not offer more oil joint ventures between private companies Read More

‘Not an atomic bomb’: Huawei founder thanks Trump for helping to ‘promote’ 5G technology

3 hours ago DieselGasoil Comments Off on ‘Not an atomic bomb’: Huawei founder thanks Trump for helping to ‘promote’ 5G technology
The founder of Chinese tech giant Huawei has thanked the Trump administration for helping him to “promote” 5G technology in advance of an expected ban on the company operating in the US over concerns about “national security.” During an interview on CBS This Morning, Ren Zhengfei said, with a hint of sarcasm, that US officials Read More

Halliburton breaks ground on first oilfield specialty chemical manufacturing reaction facility in Saudi Arabia

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2/20/2019 HOUSTON — Halliburton Company is pleased to announce it will build the first oilfield chemical manufacturing reaction plant in Saudi Arabia. The company held a ground-breaking ceremony on Monday, Feb. 18, at the plant’s PlasChem Park location in Jubail. Upon the plant’s completion in 2020, Halliburton will begin local manufacturing of specialty chemicals to Read More

Empty supertankers reveal truths about today's oil market

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By Firat Kayakiran on 2/21/2019 LONDON (Bloomberg) — They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.  In normal times, the vessels would be filled with heavy, high sulfur Read More

Airbus pencils in orders for new A321XLR jet: sources

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PARIS (Reuters) – Airbus has begun lining up tentative orders for a longer-range version of its A321 jetliner, seeking to exploit signs of hesitation at arch-rival Boeing over whether to develop a new model in a hotly contested niche of the airplane market. A logo of Airbus is seen on a wall at Airbus headquarters Read More

New methanol plants expected to increase industrial natural gas use through 2020

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February 21, 2019 Source: U.S. Energy Information Administration, based on data from S&P Platts New methanol plants under development in the United States are increasing natural gas consumption in the industrial sector. Methanol plants are among the most natural gas-intensive industrial end users and require natural gas both as a feedstock and for process heat. Read More

Spectrum Global Solutions Receives Over $5.8 Million in New Contract Awards

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LONGWOOD, Fla., Feb. 21, 2019 (GLOBE NEWSWIRE) — Spectrum Global Solutions, Inc. (OTC: SGSI) (“Spectrum Global” or the “Company”), a single-source provider of end-to-end next-generation wireless and wireline network solutions and professional services to the service provider (carrier) and corporate enterprise markets, today announces that year-to-date it has received over $5.8 million in new contract awards Read More

Looking for ‘Russian’ spooks: RT checks out Brussels café reportedly used to spy on EU officials

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An RT reporter had visited a Brussels steakhouse – enjoyed by many top EU officials – where Russian or Chinese agents reportedly are up to no good, only to find out it’s one of the worst places to practice spycraft. The European External Action Service (EEAS) is said to have cautioned EU staff against visiting Read More

At least 70 die in Bangladesh warehouse fire

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At least 70 people have died and dozens more have been injured in a warehouse fire in the Bangladesh capital, Dhaka. It is feared the number of dead could climb further as firefighters continue to search through the wreckage for more victims. The blaze broke out in the four-storey building on Wednesday night in the Read More