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Emerson helps complete first Caspian subsea project ahead of schedule, under budget

2 hours ago DieselGasoil Comments Off on Emerson helps complete first Caspian subsea project ahead of schedule, under budget
7/22/2019 SOUTHHAMPTON — Emerson has completed its $48-million contract for automation systems and cloud engineering software-as-a-service for the Shah Deniz 2 project in Azerbaijan and is fulfilling an ongoing five-year services contract to help ensure reliable, safe operations. Emerson’s support services, predictive reliability software and digital twin solutions will help optimize operations and achieve reliable Read More

Sanctions-hit Iran becoming ‘heaven’ for bitcoin mining, says govt official

3 days ago DieselGasoil Comments Off on Sanctions-hit Iran becoming ‘heaven’ for bitcoin mining, says govt official
An increasing number of Iranians have started turning to cryptocurrencies, in particular bitcoin, with the devaluation of the national currency prompted by US economic sanctions. The crypto craze has raised concerns from authorities that the energy-hungry process of “mining” bitcoin is abusing Iran’s system of subsidized electricity. Currently at half-a-cent per kilowatt, the subsidized electricity Read More

ExxonMobil commits to joint development of open automation processes

4 days ago DieselGasoil Comments Off on ExxonMobil commits to joint development of open automation processes
7/18/2019 HOUSTON – ExxonMobil said today it has signed collaboration agreements with six other companies to accelerate the development of Open Process Automation (OPA) systems. The companies currently included in this collaboration are Aramco Services Company, BASF, ConocoPhillips Company, The Dow Chemical Company, ExxonMobil Research and Engineering Company, Georgia-Pacific LLC and Linde PLC. Advances in Read More

US big tech under attack: Spain to push ahead with tax on digital firms

4 days ago DieselGasoil Comments Off on US big tech under attack: Spain to push ahead with tax on digital firms
The global hunt on large technology firms continues, with now another country, Spain, seeking to force the companies to pay more in the markets where they operate. The country’s acting Economy Minister Nadia Calvino told news radio network Cadena Ser that the government’s “intention is to put (the tax) back on the table as soon Read More

Verizon resurrects media business as safe haven on the internet

4 days ago DieselGasoil Comments Off on Verizon resurrects media business as safe haven on the internet
New York (Reuters) – Banning pornography from Tumblr was not necessarily meant to define Verizon Media’s strategy to turn around a collection of Internet has-beens. But that is how it has played out. The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid After Read More

Japan-South Korea gloom spurs worries of ‘never seen before’ chip price spike

4 days ago DieselGasoil Comments Off on Japan-South Korea gloom spurs worries of ‘never seen before’ chip price spike
SEOUL (Reuters) – Memory chip spot prices have risen for the first time this year, indicating grim warnings of “never seen before” spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on. FILE PHOTO: Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at Read More

U.S. lawmakers challenge Facebook over Libra cryptocurrency plan

5 days ago DieselGasoil Comments Off on U.S. lawmakers challenge Facebook over Libra cryptocurrency plan
WASHINGTON (Reuters) – U.S. lawmakers quizzed Facebook on Wednesday over its planned cryptocurrency, after a bruising first bout a day earlier when senators from both parties condemned the project, saying the company had not shown it could be trusted. FILE PHOTO: Representations of virtual currency are displayed in front of the Libra logo in this Read More

Facebook faces more scrutiny from Congress over Libra cryptocurrency plan

5 days ago DieselGasoil Comments Off on Facebook faces more scrutiny from Congress over Libra cryptocurrency plan
WASHINGTON (Reuters) – Facebook Inc faces more questioning by U.S. lawmakers on Wednesday over its planned cryptocurrency, after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted. FILE PHOTO: Representations of virtual currency are displayed in front of the Libra logo in Read More

Facebook to face more scrutiny from Congress on Libra

5 days ago DieselGasoil Comments Off on Facebook to face more scrutiny from Congress on Libra
FILE PHOTO: Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) – Facebook Inc will face more questioning on Wednesday by U.S. lawmakers over its planned cryptocurrency after a bruising first bout when senators from both parties condemned the project, Read More

Making sense of chaos? Algos scour social media for clues to crypto moves

5 days ago DieselGasoil Comments Off on Making sense of chaos? Algos scour social media for clues to crypto moves
LONDON (Reuters) – After months of relative calm in cryptocurrency markets, bitcoin exploded back into life in April with its sharpest price jump in over a year – but few people could convincingly explain why. FILE PHOTO: A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. REUTERS/Dado Read More