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Exclusive: Saudi court approves detained tycoon Sanea's bankruptcy filing

2 weeks ago DieselGasoil Comments Off on Exclusive: Saudi court approves detained tycoon Sanea's bankruptcy filing
DUBAI/RIYADH (Reuters) – A Saudi court has approved an application by detained and indebted billionaire Maan al-Sanea and his company, Saad, to have their case resolved through the kingdom’s new bankruptcy law, the company’s financial adviser and two sources familiar with the matter told Reuters. People gather as Saudi authorities auction vehicles and other possessions Read More

Fiat money carcinogenic, like cigarettes & Monsanto’s Roundup – RT’s Keiser Report

2 weeks ago DieselGasoil Comments Off on Fiat money carcinogenic, like cigarettes & Monsanto’s Roundup – RT’s Keiser Report
A bankrupt UK businessman burning £70,000 in cash instead of handing it over to creditors is similar to the global monetary system which was set alight back in 2008. “Bankers are doing a far better job than this guy,” says Stacy Herbert, explaining that he has merely burnt £70,000 (US$91,000), while bankers burnt $70 trillion Read More

Rosehill Resources Announces 2018 Reserves and Fourth Quarter 2018 Production

2 weeks ago DieselGasoil Comments Off on Rosehill Resources Announces 2018 Reserves and Fourth Quarter 2018 Production
HOUSTON, March 07, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today announced proved reserves as of December 31, 2018, fourth quarter 2018 average net production, and a farm-in agreement in the Southern Delaware area.  Highlights Increased proved reserves to 48.4 million barrels of crude oil equivalent (“MMBOE”) Read More

Berry Petroleum Reports Fourth Quarter and Year End 2018 Results and Board Changes

2 weeks ago DieselGasoil Comments Off on Berry Petroleum Reports Fourth Quarter and Year End 2018 Results and Board Changes
DALLAS, March 06, 2019 (GLOBE NEWSWIRE) — Berry Petroleum Corporation (NASDAQ: BRY) (“Berry” or the “Company”) today reported net income attributable to common stockholders of $132 million, or $1.56 per diluted share, and adjusted net income of $35 million, or $0.41 per diluted share, for the fourth quarter of 2018. For the full year of Read More

US attempts to topple Venezuelan govt by shifting control of Citgo to opposition have so far failed

3 weeks ago DieselGasoil Comments Off on US attempts to topple Venezuelan govt by shifting control of Citgo to opposition have so far failed
Venezuela is scrambling to find buyers for its oil, hoping to keep revenue streams alive even as President Nicolas Maduro loses control of Citgo. The US-based subsidiary of PDVSA officially severed ties with its parent company in order to comply with US sanctions, according to Reuters. The American government is trying to shift control of Citgo Read More

Exclusive: Brazil's Odebrecht to propose bondholder losses of over 70 percent – sources

1 month ago DieselGasoil Comments Off on Exclusive: Brazil's Odebrecht to propose bondholder losses of over 70 percent – sources
The corporate logo of the Odebrecht SA construction conglomerate is pictured at its headquarters in Sao Paulo, Brazil August 3, 2018. REUTERS/Paulo Whitaker/File Photo SAO PAULO (Reuters) – Brazilian conglomerate Odebrecht SA next week will ask its bondholders to accept losses of more than 70 percent from their bonds’ face value as part of a Read More

Venezuelan opposition could soon take over Citgo

1 month ago DieselGasoil Comments Off on Venezuelan opposition could soon take over Citgo
The Venezuelan opposition led by Juan Guaido could soon become the owner of PDVSA’s US Refining business, Citgo, in what would only deepen the chaos surrounding the country’s state oil company. Guaido declared himself interim president and appointed an interim government in anticipation for new elections after he decried incumbent Nicolas Maduro’s second victory earlier Read More

U.S. bankruptcy judge approves sale of Sears to Chairman Lampert

1 month ago DieselGasoil Comments Off on U.S. bankruptcy judge approves sale of Sears to Chairman Lampert
NEW YORK (Reuters) – A U.S. bankruptcy judge on Thursday approved Sears Holdings Corp Chairman Edward Lampert’s $5.2 billion takeover of the beleaguered retailer, allowing the department store chain to avert liquidation and preserve tens of thousands of jobs. FILE PHOTO: A dismantled sign sits leaning outside a Sears department store one day after it Read More