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German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse

2 hours ago DieselGasoil Comments Off on German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse
FRANKFURT (Reuters) – German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due to the risks of doing a deal, restructuring costs and capital demands. Germany’s two largest banks announced that nearly six weeks of high-level negotiations about a Read More

Precision Drilling Corporation Announces 2019 First Quarter Unaudited Financial Results

5 hours ago DieselGasoil Comments Off on Precision Drilling Corporation Announces 2019 First Quarter Unaudited Financial Results
CALGARY, Alberta, April 25, 2019 (GLOBE NEWSWIRE) — (Canadian dollars except as indicated) This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” Read More

German bank merger hopes crumble as Deutsche Bank and Commerzbank scrap talks

6 hours ago DieselGasoil Comments Off on German bank merger hopes crumble as Deutsche Bank and Commerzbank scrap talks
FRANKFURT (Reuters) – Deutsche Bank and Commerzbank said their merger talks had ended, with execution risks, restructuring costs and capital requirements dashing German attempts to create a mega-bank. FILE PHOTO: Outside view of Deutsche Bank and Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo After nearly six weeks of talks, Germany’s two Read More

Eolus Vind AB interim report December 1 2018 – February 28 2019

9 hours ago DieselGasoil Comments Off on Eolus Vind AB interim report December 1 2018 – February 28 2019
Hässleholm, Sweden, April 25, 2019 3 Months December 2018 – February 2019 Net sales 370.2 (139.4) MSEK. EBIT 25.9 (30.0) MSEK. Profit before tax 31.2 (27.8) MSEK. Net profit 38.7 (35.9) MSEK. Earnings per share, before and after dilution equals 1.55 (1.44) SEK. During the three month period 3 (2) wind turbines were taken into Read More

Huawei: Why UK is at odds with its cyber-allies

10 hours ago DieselGasoil Comments Off on Huawei: Why UK is at odds with its cyber-allies
After months of uncertainty, the UK appears set to allow Huawei’s telecoms equipment to be part of the country’s 5G networks – with some limitations. The move would put the UK at odds with the US, which has been pressing other nations to ban use of the Chinese firm’s kit on security grounds. It could Read More

Analysis: Chevron vs. Oxy: Who fits Anadarko better?

13 hours ago DieselGasoil Comments Off on Analysis: Chevron vs. Oxy: Who fits Anadarko better?
By World Oil staff on 4/24/2019 HOUSTON — The third and latest offer (this time publicly) on Wednesday by Occidental Petroleum for Anadarko Petroleum has prompted a discussion among analysts as to whether the large independent’s assets are a better fit with Oxy or Chevron. Less than two weeks ago, Chevron announced that it had Read More

Oxy faces a heavyweight in Anadarko Prize Fight

18 hours ago DieselGasoil Comments Off on Oxy faces a heavyweight in Anadarko Prize Fight
By Liam Denning on 4/24/2019 WASHINGTON (Bloomberg Opinion) — Anadarko Petroleum’s executives will be big winners in bidding war. Oh yeah, and the shareholders, too. It’s been a bruising 24 hours for CEO Al Walker and the board. First, it emerged the board had tweaked severance terms in favor of the c-suite just a day Read More

Occidental offers $38 billion for Anadarko, topping Chevron

22 hours ago DieselGasoil Comments Off on Occidental offers $38 billion for Anadarko, topping Chevron
HOUSTON (Reuters) – Oil and gas producer Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion, or $57 billion including debt, for Anadarko Petroleum Corp, a bid that topped an offer by Chevron Corp. FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Read More

SAExploration Announces New $25 Million Ocean-Bottom Marine Project Award in Brazil

2 days ago DieselGasoil Comments Off on SAExploration Announces New $25 Million Ocean-Bottom Marine Project Award in Brazil
HOUSTON, April 23, 2019 (GLOBE NEWSWIRE) — SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW), or SAE, today announced a new deep-water ocean-bottom marine project award in Brazil for a major international oil company valued at approximately $25 million. Services to be provided will include data acquisition utilizing autonomous ROV-deployed nodal recording technology in water depths Read More