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Pemex's pipeline blast caused by rampant fuel theft, AMLO increases security, again

16 hours ago DieselGasoil Comments Off on Pemex's pipeline blast caused by rampant fuel theft, AMLO increases security, again
By Amy Stillman on 1/21/2019 MEXICO CITY (Bloomberg) — Mexico President Andres Manuel Lopez Obrador is doubling down on a controversial strategy to end fuel theft at Petroleos Mexicanos after a pipeline explosion caused by an illegal tap left at least 89 people dead and many injured. He joins a long line of presidents who Read More

Tenaris completes acquisition of significant stake in Saudi Steel Pipe Company

22 hours ago DieselGasoil Comments Off on Tenaris completes acquisition of significant stake in Saudi Steel Pipe Company
LUXEMBOURG, Jan. 21, 2019 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN) announced today that it closed its previously-announced acquisition from a private group of 47.79% of the shares of Saudi Steel Pipe Company (“SSP”), a welded steel pipes producer listed on the Saudi stock market, for a Read More

Italy regulator gives TIM's network separation plan thumbs down

2 days ago DieselGasoil Comments Off on Italy regulator gives TIM's network separation plan thumbs down
ROME (Reuters) – Telecom Italia (TIM) (TLIT.MI) has suffered a setback in its plan to assuage pressures for a separation of its prized network assets by placing them into a wholly owned subsidiary, as the industry regulator said it was opposed to the proposal. FILE PHOTO: Telecom Italia’s new logo of the TIM brand seen Read More

Brazil agriculture minister wants to open indigenous land to commercial farming

4 days ago DieselGasoil Comments Off on Brazil agriculture minister wants to open indigenous land to commercial farming
BRASILIA (Reuters) – Brazil should open indigenous land to commercial farming, Agriculture Minister Tereza Cristina Dias said on Friday, while also seeking to soften many of President Jair Bolsonaro’s controversial stances on native people and the environment. FILE PHOTO: Chief Joao Ponce (C), head of the Uirapuru indigenous community, walks along a corn field near Read More

Moscow’s pick of new envoy to conflict-ridden CAR is ‘good choice’ – ex-diplomat to RT

4 days ago DieselGasoil Comments Off on Moscow’s pick of new envoy to conflict-ridden CAR is ‘good choice’ – ex-diplomat to RT
Moscow has assigned a new envoy to the Central African Republic (CAR) as the country faces fresh internal conflicts. However, appointing a new ambassador is nothing out of the ordinary, a veteran diplomat told RT. Vladimir Titorenko was appointed ambassador to CAR on Tuesday. He replaced Sergei Lobanov, who had been Moscow’s envoy since 2011. Read More

Ex-Symantec executive Canellos joins Ericom Software as CEO

4 days ago DieselGasoil Comments Off on Ex-Symantec executive Canellos joins Ericom Software as CEO
NEW YORK (Reuters) – Ex-Symantec executive David Canellos has joined Ericom Software as chief executive officer, the security software provider said on Thursday, just a month after his departure from Symantec. The move follows multiple key executive exits at Symantec late last year, including president and chief operating officer Michael Fey, chief marketing officer Michael Read More

MGM hands board seat to activist hedge fund Corvex's Meister

4 days ago DieselGasoil Comments Off on MGM hands board seat to activist hedge fund Corvex's Meister
FILE PHOTO: Keith Meister, Managing Partner and Chief Investment Officer of Corvex Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – MGM Resorts International (MGM.N) has struck a deal with hedge fund Corvex Management’s founder, Keith Meister, to give him a board seat, one Read More

Gulfport pledges share buybacks after hedge fund demand

4 days ago DieselGasoil Comments Off on Gulfport pledges share buybacks after hedge fund demand
BOSTON (Reuters) – Natural gas and oil firm Gulfport Energy Corp said it would buy back $400 million of shares on Thursday, just hours after a public demand to that effect from hedge fund investor Firefly Value Partners. After the close of trading, Oklahoma City-based Gulfport announced plans to buy back $400 million worth of Read More

Gulfport board faulted, share buybacks sought by investor

5 days ago DieselGasoil Comments Off on Gulfport board faulted, share buybacks sought by investor
By Scott Deveau on 1/17/2019 Photo: Gulfport Energy. NEW YORK (Bloomberg) — One of the largest investors in Gulfport Energy Corp. is urging changes at the natural gas and oil company, saying its board lacks the experience needed to correct its lagging performance. Firefly Value Partners, which said it and its affiliates own 8.1% of Read More

Hedge fund pushes for share buyback at Gulfport to boost stock price

5 days ago DieselGasoil Comments Off on Hedge fund pushes for share buyback at Gulfport to boost stock price
BOSTON (Reuters) – Firefly Value Partners said on Thursday that it wants Gulfport Energy Corp. to buy back $500 million worth of shares, an action the hedge fund argues could help double the stock price of the natural gas and oil company. The New York-based hedge fund, in a public letter, criticized how Oklahoma City-based Read More