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U.S. President Donald Trump likes fossil fuels but investors don’t

10 hours ago DieselGasoil Comments Off on U.S. President Donald Trump likes fossil fuels but investors don’t
By Matthew A. Winkler on 5/20/2019 Photo: U.S. President Donald Trump. NEW YORK (Bloomberg Opinion) — Fossil fuel never had a better friend in the White House than Donald Trump. So why, two years into his presidency, are investors favoring public companies devoted to renewable energy and giving the Bronx cheer to the coal, gas Read More

Oil traders try to ship dirty Russian crude to Asia

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SINGAPORE/MOSCOW (Reuters) – Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to trading sources and ship tracking data. FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Read More

In coal we trust: Australian voters back PM Morrison’s faith in fossil fuel

14 hours ago DieselGasoil Comments Off on In coal we trust: Australian voters back PM Morrison’s faith in fossil fuel
MELBOURNE (Reuters) – Australia’s re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, “This is coal – don’t be afraid!” His surprise win in what some dubbed the ‘climate election’ may have stunned the country, but voters should know what comes next in energy policy – big coal. FILE PHOTO: Read More

Tanzania fines Acacia Mining $2.4 million over alleged pollution

14 hours ago DieselGasoil Comments Off on Tanzania fines Acacia Mining $2.4 million over alleged pollution
DAR ES SALAAM (Reuters) – Tanzania’s mining minister said on Monday Acacia Mining had been fined 5.6 billion Tanzanian shillings ($2.4 million) for alleged pollution at its North Mara mine. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania. It was forced to cut output by a third after the Read More

In coal we trust: Australia’s voters back PM Morrison’s faith in fossil fuel

2 days ago DieselGasoil Comments Off on In coal we trust: Australia’s voters back PM Morrison’s faith in fossil fuel
MELBOURNE (Reuters) – Australia’s re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, “This is coal – don’t be afraid!” His surprise win in what some dubbed the ‘climate election’ may have stunned the country, but voters should know what comes next in energy policy – big coal. FILE PHOTO: Read More

Questerre updates shareholder rights plan

3 days ago DieselGasoil Comments Off on Questerre updates shareholder rights plan
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICATO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, May 17, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Corporation”) (TSX,OSE:QEC) announced today that its Board of Directors (the “Board”) has amended its shareholder rights plan (the Read More

Tankers sought to store abundant LNG as traders wait for better prices

3 days ago DieselGasoil Comments Off on Tankers sought to store abundant LNG as traders wait for better prices
By Anna Shiryaevskaya on 5/17/2019 Hudong-Zhonghua Shipyard’s 270,000 cbm LNG carrier design. Photo: DNV GL. LONDON (Bloomberg) — A long-established practice in oil trading, the complexity and cost of keeping natural gas in liquid form on ships for extended periods meant it wasn’t widely used until last fall, in anticipation of a surge in Chinese Read More

LNG players weigh ship-storage gambit that backfired last winter

3 days ago DieselGasoil Comments Off on LNG players weigh ship-storage gambit that backfired last winter
By Anna Shiryaevskaya on 5/17/2019 LONDON (Bloomberg) — With so much cheap liquefied natural gas around, traders are again looking at tankers to store the fuel in the hope of better prices. A long-established practice in oil trading, the complexity and cost of keeping natural gas in liquid form on ships for extended periods meant Read More

Acacia Mining says Tanzanian mine to be issued environmental protection order

3 days ago DieselGasoil Comments Off on Acacia Mining says Tanzanian mine to be issued environmental protection order
(Reuters) – Acacia Mining Plc said on Friday its North Mara Gold Mine would be issued an environmental protection order (EPO) relating to alleged historical breaches of environmental regulations in Tanzania. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had cut output by a third after the government Read More