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Kraft Heinz’s new CEO looks beyond cost-cutting, big M&A

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CHICAGO (Reuters) – Kraft Heinz Co’s incoming chief executive, Miguel Patricio, is indicating a change in strategy for the packaged food company that could move it away from the aggressive cost-focused culture that has been in place since the company was created in 2015. FILE PHOTO: Commemorative items for sale are on display at the Read More

Advance Notice of First Quarter Financial Results for Shell Midstream Partners, L.P.

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Houston, April 22, 2019 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P.’s First Quarter Earnings Conference Call will be held Friday, May 3rd at 09:00am CST. Shell Midstream Partners’ participants will be Kevin Nichols, President and Chief Executive Officer and Shawn Carsten, Chief Financial Officer.  Financial information, including the earnings release will be released after markets Read More

Death toll in Sri Lanka terror spree jumps to 290, about 500 wounded

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At least 290 people were killed in a series of blasts in Sri Lanka on Easter Sunday, updated casualty figures confirm. The government plans to hold a security council meeting to assess the threat level in the country. In addition, around 500 people received various injuries when eight coordinated blasts struck churches and hotels in Read More

35 foreigners reportedly among those killed by Sri Lankan blasts

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Up to 35 foreigners were killed in the six Easter Sunday explosions across Sri Lankan churches and hotels, with the overall death toll at about 160. The number has been reported by AFP, citing a police official. Hospital sources have said the victims include American, British and Dutch citizens. More than 400 people were injured Read More

U.S. refiners planning major plant overhauls in second quarter

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HOUSTON (Reuters) – U.S. oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production this month off 8.5 percent compared with the start of the year, according to data from the U.S. Energy Information Administration. FILE PHOTO: The British Petroleum oil Refinery is seen in Whiting, Indiana, August Read More

Nestle upbeat after U.S. and China boost first-quarter growth

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ZURICH (Reuters) – Nestle posted higher-than-expected sales growth in the first three months of the year after good momentum in the United States and China, putting it on track to meet its goal of more than 3 percent organic growth this year. FILE PHOTO: A Nestle logo is pictured on a coffee factory in Orbe, Read More

Seaway 7 selected as partner to develop Hollandse Kust Zuid Offshore Wind Farm

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Luxembourg – 18 April 2019 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN LU0075646355) today announced Seaway 7 has been selected by Vattenfall as one of its partners for the Hollandse Kust Zuid (HKZ) 1 & 2 offshore wind farm project. Seaway 7’s envisaged scope of work includes the transport and installation of Read More

Nestle keeps upbeat tone as first quarter growth accelerates

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FILE PHOTO: A Nestle logo is pictured on a coffee factory in Orbe, Switzerland May 31, 2018. REUTERS/Denis Balibouse ZURICH (Reuters) – Food group Nestle confirmed it expected organic sales growth to exceed 3 percent this year after good momentum in the United States and China helped it post better-than-expected sales growth in the first Read More

Nigeria Court orders arrests over Shell, Eni West African deal

5 days ago DieselGasoil Comments Off on Nigeria Court orders arrests over Shell, Eni West African deal
By Dulue Mbachu on 4/17/2019 ABUJA (Bloomberg) — A court in Nigeria ordered the arrest of two former ministers and others allegedly connected with illegal payments leading to the 2011 acquisition of what is considered one of the biggest oil fields in the West African country. Former Justice Minister and Attorney General Mohammed Adoke, ex-Oil Read More

Halliburton awarded Shell Offshore exploration contract in Brazil’s Campos, Santos basins

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4/17/2019 Photo: TGS Campos Basin Brazil. HOUSTON (Business Wire) — Halliburton Company has announced the execution of an integrated services contract with Royal Dutch Shell for post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins. Under the contract, which includes a three-year term with a two-year extension, Halliburton will provide drilling services to Read More