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Halliburton cutting frac jobs, equipment in US and Canada

12 mins ago DieselGasoil Comments Off on Halliburton cutting frac jobs, equipment in US and Canada
7/22/2019 HOUSTON – Halliburton is shifting strategy in its largest region to deal with subdued customer spending by shelving unused frac gear and cutting jobs in North America. The world’s biggest provider of fracing equipment, including pumping units and sand-storage silos, declined to tell analysts and investors Monday how much pressure-pumping gear it has parked Read More

‘No sorties in the area’: Moscow says reports on deadly Idlib airstrike are ‘fake’

42 mins ago DieselGasoil Comments Off on ‘No sorties in the area’: Moscow says reports on deadly Idlib airstrike are ‘fake’
No Russian jet has flown a combat sortie over the Idlib district in Syria, Moscow has said. The defense ministry was responding to allegations by “UK- and US-funded White Helmets” that civilians were killed in a Russian airstrike. The alleged attack targeted the town of Maaret al-Numan, it’s been claimed. Dubbing the information “fake,” the Read More

Bunge and BP team up for Brazil sugar and ethanol venture

42 mins ago DieselGasoil Comments Off on Bunge and BP team up for Brazil sugar and ethanol venture
SAO PAULO (Reuters) – U.S. commodities trader Bunge Ltd (BG.N) and British energy company BP Plc (BP.L) said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor. FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Read More

China slaps anti-dumping duty on stainless steel from EU, Indonesia, Japan, and S Korea

1 hour ago DieselGasoil Comments Off on China slaps anti-dumping duty on stainless steel from EU, Indonesia, Japan, and S Korea
China’s Ministry of Commerce (MOC) on Monday announced anti-dumping measures on imported stainless steel products from the European Union and three Asian nations. Dumping is an international-trade term that describes a country or company exporting a product at a price that is lower in the foreign import market than the price in the exporter’s domestic Read More

US political hype over Russian pic editor FaceApp generates more cash for company – report

1 hour ago DieselGasoil Comments Off on US political hype over Russian pic editor FaceApp generates more cash for company – report
Selfie-editing service FaceApp, which, among other features, makes users look older, has earned $1 million in 10 days, Forbes reports. The revenues came despite warnings from US politicians against using the Russian-made app. The AI-powered app, developed by Russian company Wireless Lab, went viral last week after around three years in existence. While social media Read More

Toshiba Memory sees ‘good chance’ of M&A in push for data center business

2 hours ago DieselGasoil Comments Off on Toshiba Memory sees ‘good chance’ of M&A in push for data center business
TOKYO (Reuters) – Japan’s Toshiba Memory said there was a “good chance” of acquisitions as it pushes to increase its share of the market for advanced storage products used in data centers. FILE PHOTO: Toshiba’s flash memory factory is pictured during a media tour in Yokkaichi, western Japan September 9, 2014. REUTERS/Reiji Murai/File Photo Toshiba Read More

Iran oil stacking up in Chinese ports adds to market uncertainty

2 hours ago DieselGasoil Comments Off on Iran oil stacking up in Chinese ports adds to market uncertainty
7/22/2019 BEIJING -Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer. Two and a half months after the White House banned the purchase of Iran’s oil, the nation’s crude is continuing to be sent to Read More

Oil prices rise more than 1% after Iran seizes British tanker

4 hours ago DieselGasoil Comments Off on Oil prices rise more than 1% after Iran seizes British tanker
LONDON (Reuters) – Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo Brent crude futures climbed 79 cents, or Read More

In 2018, foreign-sourced uranium accounted for 90% of U.S. nuclear operators’ purchases

4 hours ago DieselGasoil Comments Off on In 2018, foreign-sourced uranium accounted for 90% of U.S. nuclear operators’ purchases
July 22, 2019 Most uranium purchased by U.S. civilian nuclear power reactor operators every year comes from foreign countries. In 2018, 90% of the 40 million pounds of uranium purchased was from foreign countries, led by Canada (24% of total), Kazakhstan (20%), Australia (18%), and Russia (13%). U.S.-origin uranium accounted for 10% of purchases, or Read More

Franklin Electric Declares Payment of Quarterly Cash Dividend

4 hours ago DieselGasoil Comments Off on Franklin Electric Declares Payment of Quarterly Cash Dividend
FORT WAYNE, Ind., July 22, 2019 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.145 per share payable August 15, 2019, to shareholders of record on August 1, 2019. Franklin Electric is a global leader in the production and marketing of Read More