newszine

Ford's Brazil shutdown highlights automakers' woes with excess capacity

37 mins ago DieselGasoil Comments Off on Ford's Brazil shutdown highlights automakers' woes with excess capacity
SAO PAULO (Reuters) – Ford Motor Co’s oldest factory in Brazil, slated for closure later this year, was a giant among auto plants, occupying a sprawling 12 million square feet (111.5 hectares), bigger than many of the automaker’s U.S. facilities. The Ford logo is seen at the Ford oldest Brazil plant after company announced its Read More

‘Germany not 51st US state’: Trade lobby blasts US interference in Nord Stream 2 gas project

1 hour ago DieselGasoil Comments Off on ‘Germany not 51st US state’: Trade lobby blasts US interference in Nord Stream 2 gas project
Berlin must not bow to any other countries’ “dictation” on its energy policy, the head of a German trade lobby in Russia has said, as he slammed the politicization of the Nord Stream 2 gas pipeline project. “As for issues of energy supply and energy security, Germany must not yield to dictation or influence of Read More

Nike stumbles into social media storm after basketball star's shoe splits

2 hours ago DieselGasoil Comments Off on Nike stumbles into social media storm after basketball star's shoe splits
NEW YORK (Reuters) – A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the malfunction. Zion Williamson, a 6-foot-7-inch freshman forward Read More

Nike’s $350 ‘smart’ shoes are refusing to lace themselves following software update

2 hours ago DieselGasoil Comments Off on Nike’s $350 ‘smart’ shoes are refusing to lace themselves following software update
It’s bad enough when your phone or laptop is having technical difficulties, but that headache has now extended to footwear, after owners of Nike’s new smart sneakers have reported shoe malfunctions following an Android update. Owners of the newly released $350 Adapt BB shoes were unimpressed to find one of the pair of their new Read More

Gazprom Neft demonstrates solid growth across all key financial indicators in 2018

3 hours ago DieselGasoil Comments Off on Gazprom Neft demonstrates solid growth across all key financial indicators in 2018
2/21/2019 Photo: Gazprom Neft. MOSCOW — Revenue for fiscal-year 2018 amounted to $37.9 million (RUB 2,489 billion) , a 28.7% increase year-on-year. Adjusted EBITDA grew by more than 45.1% year-on-year to $12.2 billion (RUB 799.5 billion). This increase reflects positive dynamics of the oil price, improvements in operational efficiency, and continued production growth at the Read More

Equiinor: Natural gas contributes to the low carbon future

3 hours ago DieselGasoil Comments Off on Equiinor: Natural gas contributes to the low carbon future
2/21/2019 Photo: Irene Rummelhoff, Equinor’s executive V.P. for marketing, midstream and processing. STAVANGER — Equinor sold natural gas for around $26 billion in total in 2018, an increase of 29% from 2017. As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around Read More

Targa Resources sells 45% interest in Bakken Assets for $1.6 billion

4 hours ago DieselGasoil Comments Off on Targa Resources sells 45% interest in Bakken Assets for $1.6 billion
2/21/2019 Photo: North Dakota.gov. HOUSTON — Targa Resources Corp. has announced that it has entered into definitive agreements to sell a 45% interest in Targa Badlands LLC, the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities for $1.6 billion in cash. Under Read More

Mexico president says no more Pemex oil joint ventures for now

4 hours ago DieselGasoil Comments Off on Mexico president says no more Pemex oil joint ventures for now
The Pemex logo is pictured during the 80th anniversary of the expropriation of Mexico’s oil industry at the headquarters of state-owned oil giant in Mexico City, Mexico March 16, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – President Andres Manuel Lopez Obrador said on Thursday Mexico will not offer more oil joint ventures between private companies Read More

‘Not an atomic bomb’: Huawei founder thanks Trump for helping to ‘promote’ 5G technology

4 hours ago DieselGasoil Comments Off on ‘Not an atomic bomb’: Huawei founder thanks Trump for helping to ‘promote’ 5G technology
The founder of Chinese tech giant Huawei has thanked the Trump administration for helping him to “promote” 5G technology in advance of an expected ban on the company operating in the US over concerns about “national security.” During an interview on CBS This Morning, Ren Zhengfei said, with a hint of sarcasm, that US officials Read More

Halliburton breaks ground on first oilfield specialty chemical manufacturing reaction facility in Saudi Arabia

4 hours ago DieselGasoil Comments Off on Halliburton breaks ground on first oilfield specialty chemical manufacturing reaction facility in Saudi Arabia
2/20/2019 HOUSTON — Halliburton Company is pleased to announce it will build the first oilfield chemical manufacturing reaction plant in Saudi Arabia. The company held a ground-breaking ceremony on Monday, Feb. 18, at the plant’s PlasChem Park location in Jubail. Upon the plant’s completion in 2020, Halliburton will begin local manufacturing of specialty chemicals to Read More