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Archrock Announces Agreement to Acquire Elite Compression

2 days ago DieselGasoil Comments Off on Archrock Announces Agreement to Acquire Elite Compression
Acquiring approximately 430,000 of compression horsepower from Elite Compression Services for approximately $410 million in cash and Archrock common stock Reinforces focus on large horsepower compression serving midstream infrastructure with blue-chip customers Accretive to earnings and free cash flow per share and supports our path to achieving sub-4.0x leverage in 2020 Enhances basin density across Read More

Hudson’s Bay’s chairman’s buyout bid pits retail versus real estate

3 days ago DieselGasoil Comments Off on Hudson’s Bay’s chairman’s buyout bid pits retail versus real estate
(Reuters) – The success of Hudson’s Bay Co Executive Chairman Richard Baker’s $1.3 billion bid to take the department store operator private hinges on whether an independent valuator will view the company more as a retailer and less as a real estate owner, corporate governance experts and analysts said. FILE PHOTO – U.S. flags fly Read More

U.S. banks clear first hurdle of Federal Reserve’s annual stress test

4 days ago DieselGasoil Comments Off on U.S. banks clear first hurdle of Federal Reserve’s annual stress test
WASHINGTON (Reuters) – The 18 largest banks operating in the United States took the first step toward doling out capital on dividends, share buybacks and other investments on Friday, after clearing the first stage of their yearly health checks with the U.S. Federal Reserve that assess their ability to weather a major economic downturn. The Read More

In an impoverished Chilean suburb, a recycling drive flourishes

5 days ago DieselGasoil Comments Off on In an impoverished Chilean suburb, a recycling drive flourishes
By Natalia A. Ramos Miranda LA PINTANA, Chile (Reuters) – La Pintana, an impoverished Chilean neighborhood plagued by crime, is an unlikely place to find a green revolution. But the area on the outskirts of capital city Santiago is blazing a trail in recycling its waste. Residents like Marina Ortiz listen out for the regular Read More

Fed rate-cut signal sends stocks up, bond yields and dollar down

5 days ago DieselGasoil Comments Off on Fed rate-cut signal sends stocks up, bond yields and dollar down
LONDON (Reuters) – World stock markets rose on Thursday after the U.S. Federal Reserve signaled it was likely to cut interest rates next month. The dollar fell and benchmark bond yields dropped to multi-year lows. The Fed on Wednesday suggested rate cuts might start as soon as next month, saying it was ready to take Read More

Delphi Energy Corp. Announces Sale of a Portion of Its Excess Alliance Service and Provides Credit Facility Update

1 week ago DieselGasoil Comments Off on Delphi Energy Corp. Announces Sale of a Portion of Its Excess Alliance Service and Provides Credit Facility Update
CALGARY, Alberta, June 17, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces the sale of a portion of its Alliance Service and an extension to its senior credit facility. SALE OF A PORTION OF EXCESS ALLIANCE FIRM TRANSPORTATION SERVICE Delphi has entered into a binding agreement to sell and permanently assign Read More

SBM Offshore awarded Letter of Intent for FPSO Mero 2 lease and operate contracts by Petrobras

2 weeks ago DieselGasoil Comments Off on SBM Offshore awarded Letter of Intent for FPSO Mero 2 lease and operate contracts by Petrobras
June 11, 2019 SBM Offshore is pleased to announce that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at the Mero field in the Santos Basin offshore Brazil, 180 kilometers offshore Rio de Janeiro. The Read More

YOUR MONEY – Do the math before you pick the expensive school zone

2 weeks ago DieselGasoil Comments Off on YOUR MONEY – Do the math before you pick the expensive school zone
NEW YORK (Reuters) – For John Bohnsack, it was a classic parental dilemma: Get a small, expensive house in a high-quality school district, or pay less and get more house in a worse neighborhood. The financial planner, 34, and his wife opted for the better school district in College Station, Texas, a university town that Read More

Weak U.S. employment report raises red flag on economy

3 weeks ago DieselGasoil Comments Off on Weak U.S. employment report raises red flag on economy
WASHINGTON (Reuters) – U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labor market, which could put pressure on the Federal Reserve to cut interest rates this year. The broad cool-off in hiring reported by the Read More