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ExxonMobil puts Norwegian business up for sale

11 hours ago DieselGasoil Comments Off on ExxonMobil puts Norwegian business up for sale
London — ExxonMobil is looking at a possible sale of its remaining Norwegian upstream business, comprising minority stakes in 20 producing fields plus numerous license areas, it said Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now A sale would shake out a sizable share of Norwegian production even Read More

Exxon Mobil seeks bids for Norwegian offshore assets

3 days ago DieselGasoil Comments Off on Exxon Mobil seeks bids for Norwegian offshore assets
FILE PHOTO – A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes OSLO (Reuters) – Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a Read More

Exxon Mobil says may sell all stakes in offshore Norwegian fields: newspaper

3 days ago DieselGasoil Comments Off on Exxon Mobil says may sell all stakes in offshore Norwegian fields: newspaper
FILE PHOTO – A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes OSLO (Reuters) – Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a Read More

Brazil’s Petrobras pays $700 million to Vantage Drilling after court decision

3 days ago DieselGasoil Comments Off on Brazil’s Petrobras pays $700 million to Vantage Drilling after court decision
FILE PHOTO: Brazil’s state-run Petrobras oil company headquarters is pictured in Rio de Janeiro, Brazil May 27, 2019. REUTERS/Sergio Moraes SAO PAULO (Reuters) – Brazilian state-controlled oil company Petróleo Brasileiro SA said on Friday it had made a $700 million payment to oil services provider Vantage Drilling Company in a case involving a contract that Read More

Repeat: Spectrum ASA: EGM minutes June 21st 2019

3 days ago DieselGasoil Comments Off on Repeat: Spectrum ASA: EGM minutes June 21st 2019
On June 21st 2019 at 5 pm, the Extraordinary General Meeting was held in Spectrum ASA at the company’s premises in Oslo. All resolutions proposed were approved by the shareholders. For further information please see the minutes from the Extraordinary General Meeting attached to this announcement (Norwegian and English). For additional information about this press release, please Read More

‘White Knight’ Delta buys stake in Korean Air parent, dampens activist threat

4 days ago DieselGasoil Comments Off on ‘White Knight’ Delta buys stake in Korean Air parent, dampens activist threat
SEOUL/CHICAGO (Reuters) – Delta Air Lines bought a small stake in Korean Air Lines Co’s parent company and said it wants to increase it to 10%, giving a boost to the management of South Korea’s top carrier that seeks to thwart a local activist fund’s challenge. FILE PHOTO: A Delta Air Lines flight is pushed Read More

Walmart to pay $282 million to settle seven-year global corruption probe

4 days ago DieselGasoil Comments Off on Walmart to pay $282 million to settle seven-year global corruption probe
WASHINGTON (Reuters) – Walmart Inc said on Thursday it will pay $282 million to settle a seven-year-long investigation into whether its overseas units in Mexico, Brazil, China and India violated the U.S. Foreign Corrupt Practices Act. FILE PHOTO: The main entrance to a Walmart store is pictured in Sao Paulo, Brazil February 14, 2018. REUTERS/Paulo Read More

China could challenge US dollar’s dominance by globalizing the yuan – economist Jim O’Neill

5 days ago DieselGasoil Comments Off on China could challenge US dollar’s dominance by globalizing the yuan – economist Jim O’Neill
The “only way that can ever change” the supremacy of the US dollar as a global reserve currency is if there’s a genuine, “long-term alternative,” former chairman of Goldman Sachs Jim O’Neill said. He told CNBC that China could consider expanding the role of its currency. “Some people would say, of course, the ultimate weapon Read More

Equinor, partners fully align interests in Carcará oil discovery in Brazil

6 days ago DieselGasoil Comments Off on Equinor, partners fully align interests in Carcará oil discovery in Brazil
6/19/2019 STAVANGER — Equinor and Barra Energia have completed their transaction announced on July 4, 2018, whereby Equinor has acquired Barra’s 10% interest in the BM-S-8 block in Brazil’s Santos basin for a total consideration of $379 million. Upon the completion of this transaction, Equinor, ExxonMobil and Galp have also completed the two further transactions Read More