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ISRAMCO, INC. ENTERS INTO DEFINITIVE MERGER AGREEMENT; TRANSACTION WOULD RESULT IN COMPANY GOING PRIVATE

54 mins ago DieselGasoil Comments Off on ISRAMCO, INC. ENTERS INTO DEFINITIVE MERGER AGREEMENT; TRANSACTION WOULD RESULT IN COMPANY GOING PRIVATE
HOUSTON, TX, May 20, 2019 (GLOBE NEWSWIRE) — Isramco, Inc. (NASDAQ CM: ISRL) (the “Company,” “Isramco,” “we” or “our”) announced today that it has signed a definitive merger agreement with Naphtha Israel Petroleum Corporation Ltd. (“Naphtha”), Naphtha Holding Ltd. (“NHL”), I.O.C. – Israel Oil Company, LTD. (“IOC”) and Naphtha US Oil, Inc. (each a wholly Read More

Worries of longer, costlier U.S.-China trade war hits markets

1 hour ago DieselGasoil Comments Off on Worries of longer, costlier U.S.-China trade war hits markets
WASHINGTON/BEIJING (Reuters) – Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring “extravagant expectations” for a deal to end their dispute. Investors added up the costs of higher tariffs on Chinese and U.S. goods as well Read More

Tesla stock and bonds tumble as investors fret about costs and safety

5 hours ago DieselGasoil Comments Off on Tesla stock and bonds tumble as investors fret about costs and safety
SAN FRANCISCO (Reuters) – Tesla’s stock and bonds tumbled on Monday as investors worried about the automaker’s cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car maker’s future. FILE PHOTO: People visit a Tesla booth during the media day for the Shanghai auto Read More

Changing the world, one supplier at a time

7 hours ago DieselGasoil Comments Off on Changing the world, one supplier at a time
5/20/2019 Photo: Blue Bull Energy President & Founder, Blue Bell Energy. LONDON — The oil & gas industry can be proud of the opportunities it creates in developing countries. The problem is that local suppliers are often overwhelmed by the complex array of international and national standards relating to the industry across everything from Health Read More

Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

8 hours ago DieselGasoil Comments Off on Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring
DETROIT (Reuters) – Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. FILE PHOTO: FILE PHOTO – The Ford logo Read More

Ford Motor Co cutting about 10% of global salaried workforce

9 hours ago DieselGasoil Comments Off on Ford Motor Co cutting about 10% of global salaried workforce
FILE PHOTO: FILE PHOTO – The Ford logo is pictured at the Ford Motor Co plant in Genk,Belgium December 17, 2014. REUTERS/Francois Lenoir/File Photo DETROIT (Reuters) – Ford Motor Co said on Monday it will eliminate about 10% percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part Read More

EMGS: Proposed changes to the board of directors

9 hours ago DieselGasoil Comments Off on EMGS: Proposed changes to the board of directors
The chairman of the board of directors of Electromagnetic Geoservices ASA (“EMGS” or the “Company”), Mr Eystein Eriksrud, has today notified the Company that he will not seek re-election at the end of his current service period. The Company has further been informed that Ms Anne Øian, a member of the board of directors of Read More

U.S. District Court Confirms Arbitration Award in favor of Vantage Drilling and Denies Petrobras’s motion to Vacate the Award

10 hours ago DieselGasoil Comments Off on U.S. District Court Confirms Arbitration Award in favor of Vantage Drilling and Denies Petrobras’s motion to Vacate the Award
HOUSTON, May 20, 2019 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) announced today that U.S. District Court Judge Alfred H. Bennett of the Southern District of Texas granted Vantage Deepwater Company’s and Vantage Deepwater Drilling, Inc.’s petition to confirm its international arbitration award against Petroleo Brasileiro S.A. (“Petrobras”) and its subsidiaries Petrobras Read More

Greenpeace activists block BP London HQ demanding end to oil exploration

12 hours ago DieselGasoil Comments Off on Greenpeace activists block BP London HQ demanding end to oil exploration
LONDON (Reuters) – Greenpeace activists blocked the entrance to BP’s London headquarters on Monday, demanding one of the world’s biggest energy companies ends all new oil and gas exploration or goes out of business. Greenpeace activists scale the BP headquarters after installing barricades, made of containers, blocking the entrance at St James Square, London, Britain Read More

Carrefour considers sale of stake in China business: sources

13 hours ago DieselGasoil Comments Off on Carrefour considers sale of stake in China business: sources
(This May 17 story has been refiled to fix dateline) FILE PHOTO: The logo of Carrefour on shopping trolleys at a Carrefour Hypermarket store in Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo HONG KONG/PARIS/FRANKFURT (Reuters) – Carrefour, Europe largest retailer, is exploring the sale of a minority stake in its loss-making business in China Read More