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Rig operators try to win back investors after another challenging year

6 days ago DieselGasoil Comments Off on Rig operators try to win back investors after another challenging year
By Mikael Holter on 9/13/2019 OSLO (Bloomberg) – Offshore drilling executives are trying to win back investors who have fled their stocks over the past year, insisting that a protracted recovery is gaining momentum. After suffering their worst downturn ever following the collapse of oil prices in 2014, rig companies started regaining hope as crude Read More

Hong Kong Exchange makes surprise $39 billion offer for Britain’s LSE

1 week ago DieselGasoil Comments Off on Hong Kong Exchange makes surprise $39 billion offer for Britain’s LSE
LONDON (Reuters) – Hong Kong Exchanges and Clearing (0388.HK) made a surprise $39 billion takeover approach for the London Stock Exchange (LSE.L) on Wednesday, aiming to sabotage the LSE’s acquisition of data company Refinitiv and create a global trading powerhouse. The unsolicited approach, a proposal contingent on the LSE ditching its $27 billion Refinitiv deal, Read More

Covia Closes the Sale of the Winchester and Western Railroad for $105 Million

1 week ago DieselGasoil Comments Off on Covia Closes the Sale of the Winchester and Western Railroad for $105 Million
INDEPENDENCE, Ohio, Sept. 11, 2019 (GLOBE NEWSWIRE) — Covia (NYSE:CVIA), a leading provider of mineral-based and material solutions for the Industrial and Energy markets, announced that effective today, it has closed on the sale of the Winchester and Western Railroad to an affiliate of OmniTRAX, Inc. (“OmniTRAX”). Gross proceeds are $105 million in cash, subject Read More

As Bolivian forests burn, Evo’s bet on Big Farming comes under fire

1 week ago DieselGasoil Comments Off on As Bolivian forests burn, Evo’s bet on Big Farming comes under fire
SANTA CRUZ DE LA SIERRA/LA PAZ, Bolivia (Reuters) – In the tropical Bolivian city of Santa Cruz de la Sierra, a wealthy farming hub on the edge on the Amazon rainforest, President Evo Morales gathered with ranchers late last month to celebrate a maiden shipment of beef to China. A tree trunk burns at the Read More

PGS Presents at JPMorgan High Yield & Leveraged Finance Conference

2 weeks ago DieselGasoil Comments Off on PGS Presents at JPMorgan High Yield & Leveraged Finance Conference
President & CEO Rune Olav Pedersen will present at JPMorgan High Yield & Leveraged Finance Conference in London today at 10:20am GMT. The presentation can be downloaded from www.newsweb.no and www.pgs.com. For details, contact: Bård Stenberg, SVP IR & Corporate Communication Mobile:992 45 235 This information is subject to the disclosure requirements pursuant to Section 5-12 Read More

Alberta coal mine reclamation project to provide green energy source

2 weeks ago DieselGasoil Comments Off on Alberta coal mine reclamation project to provide green energy source
Edmonton, Alberta, Canada, Sept. 03, 2019 (GLOBE NEWSWIRE) — Alberta Innovates is joining federal, provincial, municipal and industry partners in contributing to a unique clean technology demonstration project to reclaim land at an Alberta coal mine. Municipal organic waste from Edmonton will be used to replenish soil at the mine site to grow a willow Read More

Trump says he would talk to Iran ‘under right circumstances’ – which means bowing to the US

3 weeks ago DieselGasoil Comments Off on Trump says he would talk to Iran ‘under right circumstances’ – which means bowing to the US
French President Emmanuel Macron said that conditions now exist for talks between the US and Iran to ratchet down mutual hostilities – but US President Trump responded with his usual demands and accusations. Speaking at a joint press conference alongside Trump on Monday as the G7 summit in Biarritz wound to a close, Macron was Read More

Covia Appoints Richard Navarre as President and CEO

4 weeks ago DieselGasoil Comments Off on Covia Appoints Richard Navarre as President and CEO
INDEPENDENCE, Ohio, Aug. 21, 2019 (GLOBE NEWSWIRE) — Covia (NYSE:CVIA), a leading provider of mineral-based and material solutions for the Industrial and Energy markets, today announced that its Board of Directors has appointed Richard Navarre President and Chief Executive Officer, effective September 1, 2019. “I am honored the Board has chosen me to lead Covia Read More

Shale bond buyers get picky as more producers default

4 weeks ago DieselGasoil Comments Off on Shale bond buyers get picky as more producers default
By Caleb Mutua on 8/20/2019 NEW YORK (Bloomberg) – After years pouring funds into the shale boom, bond buyers are getting increasingly selective as defaults rise and many explorers continue to burn more cash than they make. While Exxon Mobil and Occidental Petroleum have recently sold a combined $20 billion of investment-grade debt, junk rated Read More

Ormat Announces First Geothermal and Solar Hybrid Power Plant

1 month ago DieselGasoil Comments Off on Ormat Announces First Geothermal and Solar Hybrid Power Plant
RENO, Nev., Aug. 05, 2019 (GLOBE NEWSWIRE) — Ormat Technologies Inc. (NYSE: ORA) announced today that it commenced commercial operation of the company’s first-ever geothermal and solar hybrid project, a 7MW AC solar expansion of its Tungsten Mountain geothermal project in Churchill County, Nevada. The Tungsten Solar expansion commenced commercial operation in July 2019. The Read More