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Nokia CEO sees possible benefits from Huawei tensions

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HELSINKI (Reuters) – Nokia Chief Executive Rajeev Suri said on Tuesday the company could benefit from a U.S. clampdown on Chinese rival Huawei as the race to roll out 5G services heats up. FILE PHOTO: Rajeev Suri, Nokia’s President and Chief Executive Officer, speaks during the Mobile World Congress in Barcelona, Spain February 25, 2018. Read More

Interim results for the period ended 31 March 2019

7 hours ago DieselGasoil Comments Off on Interim results for the period ended 31 March 2019
Highlights Gross contract earnings backlog1 increased from $7.3 billion to $10.3 billion. Golar’s (“Golar” or “the Company”) total operating revenues decreased from $181.9 million in 4Q 2018 to $114.3 million in 1Q 2019. Adjusted EBITDA1decreased from $121.2 million in 4Q 2018 to $62.9 million in 1Q 2019. After recognition of $28.4 million of unrealized Brent oil Read More

May 21, 2019 – Questerre to work with Schlumberger for Clean Tech project

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CALGARY, Alberta, May 21, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it has partnered with Schlumberger for its Clean Tech Energy project in Quebec. Michael Binnion, President and Chief Executive Officer of Questerre, commented, ”Being transparent about the environmental benefits of our Clean Tech Energy Read More

Infrastructure and Energy Alternatives, Inc. Announces Closing of $50 Million Equity Transaction

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INDIANAPOLIS, May 20, 2019 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced that it has successfully completed the previously announced $50 million equity transaction (“Equity Transaction”) with a fund managed by the Private Equity Group Read More

American Airlines asks court to block disruptive ‘slowdown’ by mechanics unions

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CHICAGO (Reuters) – American Airlines Group Inc has filed a lawsuit against two unions representing its mechanics, asking the court to halt what it called an illegal slowdown that it said on Monday threatened to disrupt U.S. summer travel. FILE PHOTO: An American Airlines Boeing 767-300ER aircraft takes off from Zurich Airport January 9, 2018. Read More

Britain’s Duchess Kate designs woodland garden at Chelsea Flower Show

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FILE PHOTO: Britain’s Catherine, Duchess of Cambridge, visits St Josephs SureStart Facility in Ballymena, Northern Ireland February 28, 2019. Jeff J Mitchell/Pool via REUTERS LONDON (Reuters) – Kate, Britain’s Duchess of Cambridge, has designed a show garden at London’s Chelsea Flower Show, featuring a woodland wilderness that highlights the benefits the natural world can bring Read More

ExxonMobil Permian Development to provide $64 billion in benefits to New Mexico

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5/19/2019 Photo: Darren W. Woods, chairman and CEO, ExxonMobil. IRVING, Texas — ExxonMobil has said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and Read More

U.S. House of Representatives passes energy and water development appropriations, API responds

2 days ago DieselGasoil Comments Off on U.S. House of Representatives passes energy and water development appropriations, API responds
5/19/2019 WASHINGTON — API released the following statement after the U.S. House of Representatives passed the Energy and Water Development Appropriations bill for fiscal year 2020, providing record funding for the U.S. Army Corps of Engineers. “API comments the 116th Congress for today’s passage of the FY2020 appropriations bill and fully funding the U.S. Army Read More

Mississippi River barge shipping resumes after floods, but rains to return

4 days ago DieselGasoil Comments Off on Mississippi River barge shipping resumes after floods, but rains to return
(Reuters) – The upper Mississippi River fully reopened to boat and barge traffic this week for the first time since November as shippers scrambled to move a backlog of overdue fertilizer barges to farmers racing to sow corn before the end of the month. Some fertilizer shipments had been parked on river banks near St. Read More