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Tenaris completes acquisition of significant stake in Saudi Steel Pipe Company

6 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

Tenaris completa la compra de una participación significativa en Saudi Steel Pipe Company

6 hours ago DieselGasoil Comments Off on Tenaris completa la compra de una participación significativa en Saudi Steel Pipe Company
LUXEMBURGO, Jan. 21, 2019 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE, Buenos Aires y México: TS y MTA Italia: TEN) (“Tenaris”) anunció hoy el cierre de su compra previamente anunciada a un grupo de inversores privado del 47.79% de las acciones de Saudi Steel Pipe Company (“SSP”), un productor de tubos de acero soldado cotizado en Read More

Oil firms as China's slowdown not as steep as some expected

16 hours ago DieselGasoil Comments Off on Oil firms as China's slowdown not as steep as some expected
SINGAPORE (Reuters) – Oil prices firmed on Monday after data showed China’s economic slowdown was not as big as some analysts had expected, with supply cuts led by the Organization of the Petroleum Exporting Countries also offering support. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Read More

Oil dips as China's economy slows but OPEC-led cuts support

17 hours ago DieselGasoil Comments Off on Oil dips as China's economy slows but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday as China reported its weakest annual economic growth in 28 years, although oil prices remain relatively well supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan Read More

Oil dips on weak economic outlook, but OPEC-led cuts support

18 hours ago DieselGasoil Comments Off on Oil dips on weak economic outlook, but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday, weighed down by expectations that China will report its weakest economic growth in almost three decades amid waning domestic demand and painful U.S. tariffs. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Read More

Saipem has been awarded two new offshore contracts from Saudi Aramco for $1.3 billion

18 hours ago DieselGasoil Comments Off on Saipem has been awarded two new offshore contracts from Saudi Aramco for $1.3 billion
1/20/2019 Saipem 7000. Photo by Alf van Beem. MILANO, Italy — Saipem has been awarded two EPIC contracts (Engineering, Procurement, Installation, Construction) assigned by the client Saudi Aramco for a total amount of approximately $1.3 billion as part of the Long Term Agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force Read More

German arms manufacturer to sue govt over weapons deliveries’ halt to Saudi Arabia – report

23 hours ago DieselGasoil Comments Off on German arms manufacturer to sue govt over weapons deliveries’ halt to Saudi Arabia – report
Berlin might face a lawsuit from one of Germany’s largest defense contractors, Rheinmetall, over its decision to halt all arms deals with Riyadh in the wake of the murder of Saudi journalist Jamal Khashoggi, Der Spiegel reports. Rheinmetall AG might file a claim for compensation against the federal government worth millions of euro, the company Read More

Docs claim US trained UAE pilots for combat in Yemen, signaling deeper involvement in conflict

2 days ago DieselGasoil Comments Off on Docs claim US trained UAE pilots for combat in Yemen, signaling deeper involvement in conflict
The American military has trained UAE fighter pilots for combat missions in Yemen, indicating Washington’s deeper involvement into the ongoing conflict, a recent report citing US Air Force documents claims. The papers were obtained through a Freedom of Information Act request by Yahoo News. They appear to show how United Arab Emirates (UAE) pilots and Read More

Qatar emir to attend Beirut's Arab economic summit

2 days ago DieselGasoil Comments Off on Qatar emir to attend Beirut's Arab economic summit
BEIRUT (Reuters) – Qatar’s emir will visit Beirut on Sunday for an Arab economic summit which has been marred by regional rifts and internal Lebanese disputes even before it began. FILE PHOTO: Amir of Qatar Sheikh Tamim bin Hamad bin Khalifa Al-Thani speaks during Doha Forum in Doha, Qatar, December 15, 2018. Qatar News Agency/Handout Read More

Oil hits 2-month high as China truce signals brighter outlook

3 days ago DieselGasoil Comments Off on Oil hits 2-month high as China truce signals brighter outlook
By Alex Nussbaum on 1/18/2019 Photo: Shanghai. NEW YORK (Bloomberg) — Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3% in New York to cap the third straight weekly increase. Bloomberg News reported China proposed Read More