newszine

General Electric stock drop attracts more short-sellers: S3 Partners

1 hour ago DieselGasoil Comments Off on General Electric stock drop attracts more short-sellers: S3 Partners
FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the company’s site of its energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler/File Photo NEW YORK (Reuters) – Betting against General Electric Co (GE.N) stock has increased in the last week as the stock has fallen following a report by fraud Read More

RigNet’s Intelie Delivers Machine Learning-Based Analytics for Advanced Drilling Operations

10 hours ago DieselGasoil Comments Off on RigNet’s Intelie Delivers Machine Learning-Based Analytics for Advanced Drilling Operations
HOUSTON, Aug. 20, 2019 (GLOBE NEWSWIRE) — RigNet (NASDAQ: RNET), the leading provider of ultra-secure, intelligent networking solutions, announced today that Ocyan, one of Brazil’s largest providers of solutions for the upstream oil and gas industry, has signed a multi-year agreement and selected Intelie Live, RigNet’s machine learning-based analytics platform, to be used at their Read More

General Electric fortifies defense against charges of bogus accounting

20 hours ago DieselGasoil Comments Off on General Electric fortifies defense against charges of bogus accounting
NEW YORK (Reuters) – General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud. FILE PHOTO: The General Electric Co. logo is seen on the company’s corporate headquarters building Read More

Industry looks to Gulf of Mexico Lease Sale 253 for signs of offshore resurgence

23 hours ago DieselGasoil Comments Off on Industry looks to Gulf of Mexico Lease Sale 253 for signs of offshore resurgence
Highlights Total 2019 sales should exceed 2018 totals: BOEM Recent operators’ optimism for US Gulf remains high Crude holding above $50/b breakeven Houston — The oil and gas industry will be closely watching this week’s US Gulf of Mexico lease sale to determine if lower oil prices will slow the renewed optimism in offshore projects, Read More

Analysis: US crude draw expected to resume amid stronger refinery runs, exports

1 day ago DieselGasoil Comments Off on Analysis: US crude draw expected to resume amid stronger refinery runs, exports
Highlights Crude stocks likely dip 3.1 million barrels to 437.4 million barrels Refinery runs edge up 0.2 points to 95% of capacity New USGC crude pipeline capacity narrows distillate cracks New York — US crude oil stock stocks likely declined last week amid an uptick in export activity and strong refiner demand, an S&P Global Read More

Refinery Margin Tracker: US margins rise as crude price drop mutes bullish IMO impact

1 day ago DieselGasoil Comments Off on Refinery Margin Tracker: US margins rise as crude price drop mutes bullish IMO impact
New York — US margins got a boost from lower crude prices, while distillate cracks stubbornly remained range-bound as the countdown to IMO 2020 marches forward, an analysis by S&P Global showed Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Falling crude prices have skewed expected impacts of Read More

General Electric adds to defense against charges of bogus accounting

1 day ago DieselGasoil Comments Off on General Electric adds to defense against charges of bogus accounting
NEW YORK (Reuters) – General Electric Co intensified its defense of its accounting practices on Monday after investors questioned it about an unusual research report alleging GE failed to put aside money to cover $29 billion in potential insurance losses and improperly counted profit from subsidiary Baker Hughes. FILE PHOTO: The General Electric Co. logo Read More

Cathay Pacific’s new boss puts emphasis on safety and security

1 day ago DieselGasoil Comments Off on Cathay Pacific’s new boss puts emphasis on safety and security
HONG KONG/SINGAPORE (Reuters) – Cathay Pacific Ltd (0293.HK) needs to focus on safety and security, its customers and the completion of a three-year financial turnaround plan, the airline’s new chief executive told staff on Monday. FILE PHOTO: A plane flies behind a new Cathay Pacific Airways Airbus A350 after being received by the airline at Read More

Cathay Pacific shares in choppy trade after shock exit of CEO Hogg

2 days ago DieselGasoil Comments Off on Cathay Pacific shares in choppy trade after shock exit of CEO Hogg
HONG KONG/SINGAPORE (Reuters) – Cathay Pacific (0293.HK) shares were choppy in opening trade on Monday after the shock exit of CEO Rupert Hogg, as the airline grapples with mounting Chinese scrutiny over the involvement of some of its staff in anti-government protests in Hong Kong. FILE PHOTO: A plane flies behind a new Cathay Pacific Read More