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China inks deals with Shell, majors as Xi signals open trade

7 hours ago DieselGasoil Comments Off on China inks deals with Shell, majors as Xi signals open trade
By Bloomberg News on 12/18/2018 HONG KONG and BEIJING (Bloomberg) — China signaled its openness for business with a raft of deals that’ll give oil majors including Royal Dutch Shell new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.  China National Offshore Oil said in Beijing on Tuesday that it had Read More

South Korea to provide $3 billion in financial support for troubled auto suppliers

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SEOUL (Reuters) – South Korea unveiled a policy package to support its embattled car parts makers industry that includes providing financial support worth over 3.5 trillion won ($3.10 billion) and encouraging the use of electric cars. A worker checks cars made by GM Korea in a yard of GM Korea’s Bupyeong plant before they are Read More

J&J announces $5 billion share buyback after shares extend losses

22 hours ago DieselGasoil Comments Off on J&J announces $5 billion share buyback after shares extend losses
(Reuters) – Johnson & Johnson (JNJ.N) announced a stock repurchase of up to $5 billion on Monday, following Friday’s Reuters report that the healthcare conglomerate knew for decades that its Baby Powder contained cancer-causing asbestos, which wiped off about $40 billion from the company’s market capitalization. Shares of the company closed down 3 percent on Read More

J&J shares extend losses; company defends Baby Powder as safe

1 day ago DieselGasoil Comments Off on J&J shares extend losses; company defends Baby Powder as safe
FILE PHOTO: A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York, February 24, 2016. REUTERS/Shannon Stapleton/Illustration/File Photo/File Photo (Reuters) – Shares of Johnson & Johnson slipped another 2 percent on Monday, extending losses following Friday’s Reuters report that the healthcare conglomerate knew for decades that cancer-causing Read More

Gran Tierra Energy Inc. Announces Operational Update and 2019 Guidance: 12 to 18% Production Growth within Cash Flow

1 day ago DieselGasoil Comments Off on Gran Tierra Energy Inc. Announces Operational Update and 2019 Guidance: 12 to 18% Production Growth within Cash Flow
CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (NYSE MKT:GTE) (TSX:GTE) (LSE:GTE), is pleased to announce an operational update and its 2019 capital budget and production guidance. All dollar amounts are in United States dollars and all production volumes are on a working interest Read More

2019 will be a wild year for oil

1 day ago DieselGasoil Comments Off on 2019 will be a wild year for oil
Oil prices have bounced around in the week following the OPEC+ agreement, and the IEA says that the deal may have at least put a floor beneath prices. However, volatility is unlikely to go away. There are a litany of variables that will have enormous impact on oil as we head into 2019, on both Read More

Parker Drilling files for chapter 11 bankruptcy

4 days ago DieselGasoil Comments Off on Parker Drilling files for chapter 11 bankruptcy
12/14/2018 HOUSTON — Parker Drilling announced that it and its material U.S. subsidiaries have entered into a restructuring support agreement (RSA) with holders of the company’s securities, including a significant amount of its 7.5% senior notes due 2020 and 6.75% senior notes due 2022, outstanding preferred stock and outstanding common stock. The transaction contemplated under Read More

Siccar Point Energy increases existing reserves-based lending facility

5 days ago DieselGasoil Comments Off on Siccar Point Energy increases existing reserves-based lending facility
12/13/2018 Photo: Jonathan Roger, Siccar Point Energy CEO. ABERDEEN — Siccar Point Energy has signed an agreement with its existing syndicate of banks to increase and extend its existing Reserves Based Lending Facility (“RBL”). Key features are: Increase in facility limit from $600 million to $800 million. Availability under the RBL has also increased to Read More

Ampelmann inks two new contracts in Asia Pacific

5 days ago DieselGasoil Comments Off on Ampelmann inks two new contracts in Asia Pacific
12/13/2018 Photo: Ampelmann A-type MWV in Indonesia. THE NETHERLANDS — Dutch multinational Ampelmann has secured two new contracts in the Asia Pacific region. Two A-type systems have made their way to India and Indonesia, respectively, and will enable both short- and long-term Walk to Work (W2W) operations. The contract for India is with vessel owner Read More

Qualcomm aims to ban sales of Apple's flagship phones in China – report

5 days ago DieselGasoil Comments Off on Qualcomm aims to ban sales of Apple's flagship phones in China – report
US chipmaker Qualcomm now wants to extend its lawsuit against Apple, seeking to ban sales of the latest iPhone XS and XR in China after winning a preliminary injunction against older models, according to the Financial Times. Earlier a Chinese court ordered Apple to stop sales of iPhones in its third largest market. Qualcomm’s injunction Read More