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BHGE, C3.ai announce JV to deliver AI solutions across the oil and gas industry

5 hours ago DieselGasoil Comments Off on BHGE, C3.ai announce JV to deliver AI solutions across the oil and gas industry
6/24/2019 HOUSTON and REDWOOD — Baker Hughes, a GE company and C3.ai today announced a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies that will drive new levels of productivity for the oil and gas industry. AI in the oil Read More

Archrock Announces Agreement to Acquire Elite Compression

10 hours ago DieselGasoil Comments Off on Archrock Announces Agreement to Acquire Elite Compression
Acquiring approximately 430,000 of compression horsepower from Elite Compression Services for approximately $410 million in cash and Archrock common stock Reinforces focus on large horsepower compression serving midstream infrastructure with blue-chip customers Accretive to earnings and free cash flow per share and supports our path to achieving sub-4.0x leverage in 2020 Enhances basin density across Read More

India asks scooter, bike makers to draw up plan for EVs: sources

1 day ago DieselGasoil Comments Off on India asks scooter, bike makers to draw up plan for EVs: sources
NEW DELHI (Reuters) – India’s federal think-tank has asked scooter and motorbike manufacturers to draw up a plan to switch to electric vehicles, days after they publicly opposed the government’s proposals saying they would disrupt the sector, two sources told Reuters. FILE PHOTO: A boy prepares to recharge his electric scooter outside his home in Read More

California governor proposes a $21 billion wildfire fund

3 days ago DieselGasoil Comments Off on California governor proposes a $21 billion wildfire fund
LOS ANGELES (Reuters) – California Governor Gavin Newsom has proposed helping utilities create a fund of up to $21 billion to compensate future victims of wildfires sparked by the companies’ equipment or employees, an aide said on Friday. FILE PHOTO: Firefighters keep watch on the Thomas wildfire in the hills and canyons outside Montecito, California, Read More

‘White Knight’ Delta buys stake in Korean Air parent, dampens activist threat

4 days ago DieselGasoil Comments Off on ‘White Knight’ Delta buys stake in Korean Air parent, dampens activist threat
SEOUL/CHICAGO (Reuters) – Delta Air Lines bought a small stake in Korean Air Lines Co’s parent company and said it wants to increase it to 10%, giving a boost to the management of South Korea’s top carrier that seeks to thwart a local activist fund’s challenge. FILE PHOTO: A Delta Air Lines flight is pushed Read More

Foxconn picks chip-unit head for chairman, as Gou seeks Taiwan presidency

4 days ago DieselGasoil Comments Off on Foxconn picks chip-unit head for chairman, as Gou seeks Taiwan presidency
TAIPEI (Reuters) – Foxconn chose chip-unit boss Liu Young-way as chairman of the world’s biggest electronics contract manufacturer to succeed Terry Gou, who is preparing to contest Taiwan’s presidential elections next year. FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s building in Read More

Merck CEO sees legal challenge if U.S. adopts drug pricing based on other countries

4 days ago DieselGasoil Comments Off on Merck CEO sees legal challenge if U.S. adopts drug pricing based on other countries
NEW YORK (Reuters) – Merck & Co Chief Executive Ken Frazier said on Thursday a rule to base the price the U.S. government pays for some prescription drugs in it Medicare program on lower prices in other countries would face legal challenges if adopted. FILE PHOTO: Ken Frazier, Chairman and CEO, Merck & Co., speaks Read More

Foxconn chairman hands over reins ahead of presidential bid

4 days ago DieselGasoil Comments Off on Foxconn chairman hands over reins ahead of presidential bid
TAIPEI (Reuters) – Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world’s largest electronics contract manufacturer to a new operations committee as he prepares to contest Taiwan’s presidential elections next year. FILE PHOTO: Terry Gou, founder and chairman of Foxconn reacts during an interview with Reuters in New Read More