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Halliburton cutting frac jobs, equipment in US and Canada

25 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

BP says biofuel to add to rather than replace gasoline in Brazil

54 mins ago DieselGasoil Comments Off on BP says biofuel to add to rather than replace gasoline in Brazil
LONDON (Reuters) – BP (BP.L) does not expect supply from additional biofuel capacity in Brazil – where it is combining its unit with U.S. grain trader Bunge’s (BG.N) – to replace diesel (gasoil) and gasoline demand, BP’s head of Alternative Energy, Dev Sanyal, told Reuters. Through the deal BP will increase its biofuel production to Read More

Bunge and BP team up for Brazil sugar and ethanol venture

55 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

Microsoft settles U.S. charges it violated anti-bribery law, accepts criminal fine: SEC

2 hours ago DieselGasoil Comments Off on Microsoft settles U.S. charges it violated anti-bribery law, accepts criminal fine: SEC
FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo (Reuters) – Microsoft Corp agreed to pay more than $25 million, including an $8.75 million criminal fine imposed on its Microsoft Hungary unit, to settle U.S. charges it violated a federal anti-bribery 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

Emerson helps complete first Caspian subsea project ahead of schedule, under budget

2 hours ago DieselGasoil Comments Off on Emerson helps complete first Caspian subsea project ahead of schedule, under budget
7/22/2019 SOUTHHAMPTON — Emerson has completed its $48-million contract for automation systems and cloud engineering software-as-a-service for the Shah Deniz 2 project in Azerbaijan and is fulfilling an ongoing five-year services contract to help ensure reliable, safe operations. Emerson’s support services, predictive reliability software and digital twin solutions will help optimize operations and achieve reliable Read More

New shale technology detects completion problems, parent/child well interference

2 hours ago DieselGasoil Comments Off on New shale technology detects completion problems, parent/child well interference
7/22/2019 TOMBALL — Deep Imaging today announced the first and only real-time solution for tracking fluid as it’s pumped through the wellbore and out to the fracture tips during a completion job. As a result, upstream companies can validate models and successful stages while identifying, fixing or avoiding problem stages as they occur. U.S. industry 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