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Till Trump do they part: Top tech firms cut ties with Huawei following US trade blacklisting

18 hours ago DieselGasoil Comments Off on Till Trump do they part: Top tech firms cut ties with Huawei following US trade blacklisting
Last week, US President Donald Trump signed an executive order aimed at banning Chinese telecoms like Huawei from selling equipment to the US over an unacceptable risk to national security. Following the order, the US Department of Commerce announced the blacklisting of Huawei along with 70 of its affiliates. The step prevented US-based corporations from Read More

Oil and Gas leaders look for cost reduction and efficiency gains

1 day ago DieselGasoil Comments Off on Oil and Gas leaders look for cost reduction and efficiency gains
5/24/2019 Photo: (right) Ryan Lance, chairman and CEO, ConocoPhillips during the AIPN Summit. HOUSTON — Speaking at the closing of the AIPN 2019 International Petroleum Summit (IPS), Ryan Lance, chairman and CEO of ConocoPhillips spoke about his company’s “hyper focus on returns” highlighting that the “returns the energy industry has generated have been negative over Read More

Landsvirkjun’s results for the first three months of 2019

1 day ago DieselGasoil Comments Off on Landsvirkjun’s results for the first three months of 2019
Net debt continues to decrease and the equity ratio strengthens Key figures from the interim financial statements Operating revenues amounted to USD 133.2 million and decrease by USD 8.0 million USD (5.7%) from the same period prior  year. EBITDA amounted to USD 102.5 million. The EBITDA ratio is 76.9% of revenues, but was 74.6% in Read More

Venezuela plans to develop 4G network with help from Russia & China

2 days ago DieselGasoil Comments Off on Venezuela plans to develop 4G network with help from Russia & China
Venezuelan President Nicolas Maduro said his government is planning to invite Russian telecom companies, along with Chinese tech giants Huawei and ZTE, to develop a nationwide 4G telecommunication network in the country. “I have ordered to make an investment and, together with China’s technologies, Huawei and ZTE technologies and the technologies of Russian companies, bring Read More

In Vietnam’s booming energy sector coal reigns, but renewables play catch-up

2 days ago DieselGasoil Comments Off on In Vietnam’s booming energy sector coal reigns, but renewables play catch-up
HANOI/SINGAPORE (Reuters) – Vietnam has become a hot spot for energy investors eying a spend of up to $150 billion over the coming decade to meet surging power demand, with coal set to dominate despite signs of a government effort to go green. FILE PHOTO: Power-generating windmill turbines are pictured at a wind park in Read More

India’s jobs deficit: Project in Gujarat struggling to create employment

2 days ago DieselGasoil Comments Off on India’s jobs deficit: Project in Gujarat struggling to create employment
GANDHINAGAR, India (Reuters) – When he was chief minister of the Indian state of Gujarat in 2011, Indian Prime Minister Narendra Modi kicked off an ambitious project to develop a financial hub in the style of Singapore or Dubai. People walk past buildings under construction at the Gujarat International Finance Tec-City (GIFT) at Gandhinagar, in Read More

Cequence Energy Announces Proposed Debt Transaction Private Placement and Credit Facility Renewal Update

2 days ago DieselGasoil Comments Off on Cequence Energy Announces Proposed Debt Transaction Private Placement and Credit Facility Renewal Update
CALGARY, Alberta, May 23, 2019 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce a proposed debt restructuring transaction, private placement and credit facility renewal update. Under the terms of a first amending agreement to the Company’s $60.0 million Term Loan entered into between the Company and the Read More

Bellatrix Announces Senior Unsecured Noteholders, Convertible Debentureholders and Shareholders Approve Recapitalization Transaction

2 days ago DieselGasoil Comments Off on Bellatrix Announces Senior Unsecured Noteholders, Convertible Debentureholders and Shareholders Approve Recapitalization Transaction
CALGARY, Alberta, May 23, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) today announced that at the meetings (the “Meetings”) of holders of the Company’s outstanding 8.5% senior unsecured notes due 2020 (the “Senior Unsecured Noteholders”), holders of the Company’s outstanding 6.75% convertible debentures due 2021 (the “Convertible Debentureholders”) and Read More

US forecasters predict ‘near-normal’ Atlantic hurricane season with two-four major storms

2 days ago DieselGasoil Comments Off on US forecasters predict ‘near-normal’ Atlantic hurricane season with two-four major storms
Highlights Outlook sees up to 15 named storms, eight hurricanes Rising US oil, gas exports add to energy sector risks Demand destruction remains top power concern Washington — The US National Oceanic and Atmospheric Administration predicts four to eight hurricanes will develop during this year’s Atlantic hurricane season, including two to four major storms with Read More

Exclusive: EPA to unveil less ambitious U.S. biofuel credit reform – sources

2 days ago DieselGasoil Comments Off on Exclusive: EPA to unveil less ambitious U.S. biofuel credit reform – sources
WASHINGTON/NEW YORK (Reuters) – The U.S. Environmental Protection Agency plans to unveil a narrowed-down version of its proposed biofuel credit market reform this month after regulators concluded many of the agency’s initial ideas required more time to study, according to four people briefed on the matter. FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign Read More