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Oxy faces a heavyweight in Anadarko Prize Fight

56 mins ago DieselGasoil Comments Off on Oxy faces a heavyweight in Anadarko Prize Fight
By Liam Denning on 4/24/2019 WASHINGTON (Bloomberg Opinion) — Anadarko Petroleum’s executives will be big winners in bidding war. Oh yeah, and the shareholders, too. It’s been a bruising 24 hours for CEO Al Walker and the board. First, it emerged the board had tweaked severance terms in favor of the c-suite just a day Read More

Ashtead Technology acquires Aqua-Tech Solutions in Gulf of Mexico

5 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

Oil firm Equinor agrees climate change targets with investors

6 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

9 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

Bayer bosses facing shareholder reckoning over Monsanto deal as cancer lawsuits mount

9 hours ago DieselGasoil Comments Off on Bayer bosses facing shareholder reckoning over Monsanto deal as cancer lawsuits mount
German Pharmaceutical giant Bayer is running into mounting shareholder opposition ahead of its annual meeting on Friday. The company’s investors are faulting management for failing to foresee the risks of its biggest deal ever. A growing number of shareholders have said they won’t support executives and supervisory board members in the upcoming no-confidence vote. The Read More

Occidental Makes Superior Proposal to Acquire Anadarko

10 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

Lawyer for Platinum founder says investors knew and accepted risks

19 hours ago DieselGasoil Comments Off on Lawyer for Platinum founder says investors knew and accepted risks
NEW YORK (Reuters) – Investors in the defunct billion-dollar hedge fund firm Platinum Partners had ample notice they might not get their money back, a lawyer for Platinum founder Mark Nordlicht told jurors on Tuesday, urging them to acquit his client of criminal fraud charges. FILE PHOTO: Mark Nordlicht, Platinum Partners founding partner and chief Read More

Norhtern Oil and Gas acquires Williston Basin properties

1 day ago DieselGasoil Comments Off on Norhtern Oil and Gas acquires Williston Basin properties
4/23/2019 Photo: Northern Oil & Gas. MINNEAPOLIS — Northern Oil and Gas, Inc. has announced that it has entered into a definitive agreement to acquire the Williston Basin properties of VEN Bakken, LLC (Seller). Seller is a wholly-owned subsidiary of Flywheel Bakken, LLC (formerly Valorem Energy), a portfolio company of the Kayne Private Energy Income Read More

‘Bees returned to honey’: Sanctions failed to stop Germany’s record investment in Russia

1 day ago DieselGasoil Comments Off on ‘Bees returned to honey’: Sanctions failed to stop Germany’s record investment in Russia
The fact that German investments in Russia hit a ten-year record high in 2018 shows that the pressure Washington has exerted on Europe failed to discourage German businesses from returning to the Russian market, analysts believe. Some four years after the first sanctions against Moscow were imposed by Washington and its allies, German investments in Read More