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Small-cap S&P 600 index confirms bear market

57 mins ago DieselGasoil Comments Off on Small-cap S&P 600 index confirms bear market
NEW YORK (Reuters) – As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December Read More

KANATA Energy Group Ltd. Announces New Partnership With TAQA North Ltd. – Expansion of Valhalla Facility

3 hours ago DieselGasoil Comments Off on KANATA Energy Group Ltd. Announces New Partnership With TAQA North Ltd. – Expansion of Valhalla Facility
CALGARY, Alberta, Dec. 14, 2018 (GLOBE NEWSWIRE) — KANATA Energy Group Ltd. (“KANATA”), together with its joint venture partner TAQA North Ltd. (“TAQA North”), is pleased to announce the successful completion and start-up of an expansion to the 13-21-076-09 W6M Valhalla Sour Gas Processing Facility. The facility processing capacity has been expanded from 12 mmcfd Read More

Parker Drilling files for chapter 11 bankruptcy

5 hours ago DieselGasoil Comments Off on Parker Drilling files for chapter 11 bankruptcy
12/14/2018 HOUSTON — Parker Drilling announced that it and its material U.S. subsidiaries have entered into a restructuring support agreement (RSA) with holders of the company’s securities, including a significant amount of its 7.5% senior notes due 2020 and 6.75% senior notes due 2022, outstanding preferred stock and outstanding common stock. The transaction contemplated under Read More

Insolvent Air Berlin's administrator sues Etihad for up 2 billion euros

9 hours ago DieselGasoil Comments Off on Insolvent Air Berlin's administrator sues Etihad for up 2 billion euros
FILE PHOTO: People are reflected at the check-in counter operated by German carrier Air Berlin at Tegel airport in Berlin April 28, 2014. REUTERS/Tobias Schwarz FRANKFURT (Reuters) – German airline Air Berlin’s insolvency administrator is suing Abu Dhabi’s Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said Read More

Sky Solar Holdings, Ltd. Reports Unaudited Financial Results for the First Half of Fiscal Year 2018

9 hours ago DieselGasoil Comments Off on Sky Solar Holdings, Ltd. Reports Unaudited Financial Results for the First Half of Fiscal Year 2018
HONG KONG, Dec. 14, 2018 (GLOBE NEWSWIRE) — Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or “the Company”), a global developer, owner and operator of solar parks, today announced its financial results for and as of the first six months ended June 30, 2018. First Half 2018 Highlights Revenue of $33.2 million, up 8.4% Read More

Torchlight Completes the Drilling Phase of its A39 #1 Well in the Company’s Orogrande Basin Project

10 hours ago DieselGasoil Comments Off on Torchlight Completes the Drilling Phase of its A39 #1 Well in the Company’s Orogrande Basin Project
PLANO, Texas, Dec. 14, 2018 (GLOBE NEWSWIRE) — Torchlight Energy Resources, Inc. (TRCH) (“Torchlight” or the “Company”), today announced that the Company has completed the drilling phase of the A39 #1 well in its Orogrande Basin drilling program with operator Maverick Operating and drilling partner Wolfbone Properties. The A39 #1 was drilled to a vertical depth of 4,035 Read More

LVMH splashes out on luxury hotels with $3.2 billion Belmond deal

12 hours ago DieselGasoil Comments Off on LVMH splashes out on luxury hotels with $3.2 billion Belmond deal
PARIS (Reuters) – Luxury goods maker LVMH (LVMH.PA) has agreed to buy Belmond (BEL.N), the owner of hotels including Venice’s landmark Cipriani, for $3.2 billion including debt to increase its presence in upmarket hospitality. A woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Read More

Exclusive: China Development Bank supervising HNA asset sales – sources

15 hours ago DieselGasoil Comments Off on Exclusive: China Development Bank supervising HNA asset sales – sources
HONG KONG/BEIJING (Reuters) – China Development Bank (CDB) is leading a team to supervise HNA Group’s asset disposals as the heavily indebted conglomerate scales back operations to a point that will leave it holding only core assets, people familiar with the situation said. FILE PHOTO: A Chinese flag (C) flutters at the headquarters of China Read More

Premier Oil said to eye bid for Chevron's UK North Sea assets

1 day ago DieselGasoil Comments Off on Premier Oil said to eye bid for Chevron's UK North Sea assets
By Dinesh Nair and Kelly Gilblom on 12/13/2018 LONDON (Bloomberg) — Premier Oil Plc is considering a bid for a package of North Sea oil and gas assets put on the block by U.S. oil major Chevron Corp. that’s worth about $2 billion, according to people familiar with the matter. The first round bids is Read More