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Ashtead Technology acquires Aqua-Tech Solutions in Gulf of Mexico

2 hours ago DieselGasoil Comments Off on Ashtead Technology acquires Aqua-Tech Solutions in Gulf of Mexico
4/24/2019 Photo: Diamond wire saw on a new asset in Ashtead Technology’s fleet. ABERDEEN — Ashtead Technology has announced that it has acquired Louisiana based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions, as part of the company’s international growth plans in the U.S. The combined business will see clients in the Gulf of Read More

Nasdaq hits record, S&P nears all-time high on upbeat earnings

3 hours ago DieselGasoil Comments Off on Nasdaq hits record, S&P nears all-time high on upbeat earnings
(Reuters) – The S&P 500 moved closer to its all-time high on Wednesday, while technology stocks nudged the Nasdaq to a record level, as investors took heart from a largely upbeat earnings season. FILE PHOTO: A trader speaks to a floor official on the floor at the New York Stock Exchange (NYSE) in New York, Read More

Oil firm Equinor agrees climate change targets with investors

3 hours ago DieselGasoil Comments Off on Oil firm Equinor agrees climate change targets with investors
OSLO/LONDON (Reuters) – Norwegian oil and gas company Equinor will revise its climate targets next year and assess its investments against U.N.-backed goals following talks with major investors. FILE PHOTO: A logo of Equinor, formerly known as Statoil, is seen at the company’s headquarters in Fornebu, Norway May 21, 2018. REUTERS/Nerijus Adomaitis Oil companies, among Read More

Equinor bends to investor pressure on climate

6 hours ago DieselGasoil Comments Off on Equinor bends to investor pressure on climate
By Kelly Gilblom on 4/24/2019 LONDON (Bloomberg) – Equinor is the latest large oil company to bow to a major investor group that is pushing corporations to take more robust action on climate change. The Norwegian giant has agreed to align its business model with the goals of the 2015 Paris climate accord and will Read More

Occidental makes Anadarko bid, seeks to derail Chevron deal

7 hours ago DieselGasoil Comments Off on Occidental makes Anadarko bid, seeks to derail Chevron deal
By Simon Casey and Kevin Crowley on 4/24/2019 NEW YORK and HOUSTON (Bloomberg) — Occidental Petroleum is starting a bidding war for Anadarko Petroleum, making a $38 billion counteroffer in attempt to break up the proposed takeover by Chevron. Occidental said Wednesday it’s offering $76/share in cash and stock, a premium of about 20% over Read More

Occidental Makes Superior Proposal to Acquire Anadarko

7 hours ago DieselGasoil Comments Off on Occidental Makes Superior Proposal to Acquire Anadarko
$76.00 Per Share Cash and Stock Proposal Represents Premium of Approximately 20% to Current Value of Transaction Accepted by Anadarko Would Create a $100+ Billion Global Energy Leader with over 1.4 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko Shareholders Expected to Be Accretive to Cash Flow and Free Read More

Trump’s Iran decision could kill the OPEC+ deal

11 hours ago DieselGasoil Comments Off on Trump’s Iran decision could kill the OPEC+ deal
Trump’s decision to let Iran waivers expire could kill off the OPEC+ deal while dealing a serious blow to the coalition’s ability to coordinate production cuts. The Wall Street Journal reported that the Trump administration’s decision to let waivers expire “surprised buyers and others who had been told by State Department officials in recent weeks to expect Read More

Wirecard lands $1 billion investment from Japan’s Softbank

11 hours ago DieselGasoil Comments Off on Wirecard lands $1 billion investment from Japan’s Softbank
BERLIN (Reuters) – Japan’s Softbank Group Corp will buy a 5.6 percent stake in Wirecard for around 900 million euros ($1 billion), the German company said on Wednesday, joining forces in the digital payments sector. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, Read More

SoftBank Group looks to buy 5 pct of payment firm Wirecard: Bloomberg

16 hours ago DieselGasoil Comments Off on SoftBank Group looks to buy 5 pct of payment firm Wirecard: Bloomberg
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato (Reuters) – Japan’s SoftBank Group Corp is looking to acquire a 5 percent stake in German payments company Wirecard AG, Bloomberg reported on Tuesday, citing people familiar with the matter. SoftBank has Read More

EBay raises forecast as redesign draws customers, boosts ad revenue

20 hours ago DieselGasoil Comments Off on EBay raises forecast as redesign draws customers, boosts ad revenue
(Reuters) – EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms attracted more customers and also increased its advertising revenue. FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach The company, facing intense competition from Read More