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Parker Drilling files for chapter 11 bankruptcy

11 hours 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

U.S. consumer spending strengthening in boost to economy

13 hours ago DieselGasoil Comments Off on U.S. consumer spending strengthening in boost to economy
WASHINGTON (Reuters) – U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook overseas continued to darken. FILE PHOTO: Durable goods are seen on sale in a store in Los Read More

Nuremberg stabbings: Police hunt for ‘knifeman’ in Germany after 3 women attacked & injured

13 hours ago DieselGasoil Comments Off on Nuremberg stabbings: Police hunt for ‘knifeman’ in Germany after 3 women attacked & injured
Helicopter and K-9 units have been deployed in Nuremberg, Bavaria, as police sweep the city in search of an attacker who stabbed three women, within hours, in different parts of the same neighborhood. All of the attacks happened on Thursday evening in the city’s St. Johannis District, beginning at about 7:20pm when a 56-year-old woman Read More

U.S. core retail sales accelerate in November

14 hours ago DieselGasoil Comments Off on U.S. core retail sales accelerate in November
WASHINGTON (Reuters) – U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy. FILE PHOTO: Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy Nicholson The Read More

Wood. reports 2018 pre-close trading update

1 day ago DieselGasoil Comments Off on Wood. reports 2018 pre-close trading update
12/13/2018 ABERDEEN — Our positive trading momentum has continued and our full year results will demonstrate good organic revenue growth. We have delivered a stronger second half, due to our typical second half bias and the phasing of cost synergies, projects and the wider market recovery. We expect full year revenue to be up over Read More

Smog and a hard place: China regions caught between economic woes and pollution war

1 day ago DieselGasoil Comments Off on Smog and a hard place: China regions caught between economic woes and pollution war
BEIJING/SHANGHAI (Reuters) – Amid a slowing economy and a slew of mixed signals from the environment ministry, China’s embattled local governments are facing a dilemma: do they go all out to curb smog this winter, or do their best to keep factories humming? FILE PHOTO: Chinese national flags are flying near a steel factory in Read More

Instacart to close Whole Foods delivery operation next year

1 day ago DieselGasoil Comments Off on Instacart to close Whole Foods delivery operation next year
(Reuters) – Instacart said on Thursday it will stop delivering groceries for Whole Foods next year, ending a partnership that has been under stress since Amazon.com Inc (AMZN.O) acquired the upmarket grocer last year. Apoorva Mehta of Instacart speaks during 2016 TechCrunch Disrupt in San Francisco, California, U.S. September 14, 2016. REUTERS/Beck Diefenbach Amazon’s $13.7 Read More

Siccar Point Energy increases existing reserves-based lending facility

2 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

Siemens offers industrialized 3D printing for complex challenges

2 days ago DieselGasoil Comments Off on Siemens offers industrialized 3D printing for complex challenges
12/13/2018 ABERDEEN — With the opening of the new state-of-the-art 3D printing facility at Materials Solutions Ltd. in the U.K., Siemens is continuing to drive the industrialization of additive manufacturing (AM). The investment of $34 million (€30 million) in the new U.K. facility enables the growth of the business by doubling the capacity of 3D-printing Read More