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STEALTHGAS INC. Reports First Quarter 2019 Financial and Operating Results

1 day ago DieselGasoil Comments Off on STEALTHGAS INC. Reports First Quarter 2019 Financial and Operating Results
ATHENS, Greece, May 23, 2019 (GLOBE NEWSWIRE) — STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the first quarter ended March 31, 2019. OPERATIONAL AND FINANCIAL HIGHLIGHTS Operational utilization of 98.8% in Q1 19’ Read More

Seizure of Caracas’s oil assets by US endangers lives of sick Venezuelan kids treated abroad – FM

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Venezuela’s foreign minister has said that the freezing of some $7 billion in assets belonging to the Venezuelan oil giant PDVSA in the US made it impossible to further finance the treatment of young transplant patients abroad. The crippling US sanctions and economic embargo that has been in place for several years have already cost Read More

Interim results for the period ended 31 March 2019

3 days ago DieselGasoil Comments Off on Interim results for the period ended 31 March 2019
Highlights Gross contract earnings backlog1 increased from $7.3 billion to $10.3 billion. Golar’s (“Golar” or “the Company”) total operating revenues decreased from $181.9 million in 4Q 2018 to $114.3 million in 1Q 2019. Adjusted EBITDA1 decreased from $121.2 million in 4Q 2018 to $62.9 million in 1Q 2019. After recognition of $28.4 million of unrealized Brent oil Read More

OPEC signlas intention to keep limits on oil supply through 2019

4 days ago DieselGasoil Comments Off on OPEC signlas intention to keep limits on oil supply through 2019
By Salma El Wardany, Dina Khrennikova, Manus Cranny and Grant Smith on 5/20/2019 CAIRO, MOSCOW and LONDON (Bloomberg) — Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. It was less clear how far Russia, Read More

Tencent first quarter profit beats estimates as FinTech trumps mobile gaming

1 week ago DieselGasoil Comments Off on Tencent first quarter profit beats estimates as FinTech trumps mobile gaming
FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 4, 2017. REUTERS/Aly Song/File Photo HONG KONG (Reuters) – Tencent Holdings Ltd booked a 17% profit rise for the three months ended March, and revealed it made more revenue from FinTech and business services than smartphones Read More

As Anadarko ignites Permian MandA, energy deals ice over in Canada

2 weeks ago DieselGasoil Comments Off on As Anadarko ignites Permian MandA, energy deals ice over in Canada
By Kevin Orland on 5/13/2019 CALGARY (Bloomberg) — While the $38 billion takeover of Anadarko Petroleum has been seen as a potential catalyst for a wave of U.S. oil industry consolidation, the market for energy deals north of the border remains frigid, with few potential sparks seen on the horizon. There have been 14 announced Read More

Auto group tries to steer Colorado clear of California ZEV rules

3 weeks ago DieselGasoil Comments Off on Auto group tries to steer Colorado clear of California ZEV rules
(Reuters) – An automotive trade group is in talks with Colorado to try to convince the state not to adopt California’s zero emission vehicle (ZEV) mandate. FILE PHOTO: A small fleet of electric Chevrolet Bolt vehicles are charged by a sun tracking solar panel car charing system in San Diego, California, U.S. October 22, 2018. Read More

Airbus considers legal action against Germany over Saudi ban: sources

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BERLIN (Reuters) – Airbus is considering suing the German government as its freeze on arms exports to Saudi Arabia means the company is unable to complete a border security system for the Gulf state, two people familiar with the matter said. FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, Read More

UN adds Pakistan-based militant leader Azhar to global terrorist list after China drops objection

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The UN Security Council sanctions committee has put the leader of Jaish-e-Mohammed (JeM), the group behind the February Kashmir bomb attack, on its terrorist list in what India called a huge diplomatic victory. The decision means that the founder and the leader of the Pakistan-based militant group, Masood Azhar, would face an assets freeze, a Read More