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Correction: Prosafe SE: Publication of Information Memorandum

6 hours ago DieselGasoil Comments Off on Correction: Prosafe SE: Publication of Information Memorandum
Correction: the Information Memorandum was not attached to the previous announcement, and has now been attached. Not for release, publication or distribution, in whole or in part, in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. Reference is made to announcement of 3 June Read More

Prosafe SE: Safe Boreas further extended at Mariner

7 hours ago DieselGasoil Comments Off on Prosafe SE: Safe Boreas further extended at Mariner
Equinor UK Limited has exercised the fourth of six one-month options available to them to extend the Safe Boreas at the Mariner project in the UK sector of the North Sea to accommodate personnel working on Mariner in the hook up and early production phase through October 2019. Total value of the one-month option is Read More

Refinery news roundup: Minor works at Russian refineries, Antipinsky back

8 hours ago DieselGasoil Comments Off on Refinery news roundup: Minor works at Russian refineries, Antipinsky back
London — Only minor works were heard at Russian refineries before the start of the autumn refinery turnaround season in October. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Meanwhile, the Antipinsky refinery resumed operations on July 18, Sberbank said in a statement. Socar Energoresurs, a joint venture between Read More

Prosafe SE: Publication of Information Memorandum

8 hours ago DieselGasoil Comments Off on Prosafe SE: Publication of Information Memorandum
Not for release, publication or distribution, in whole or in part, in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. Reference is made to announcement of 3 June 2019 concerning the merger agreement between Prosafe SE (“Prosafe”, OSE ticker PRS) and Floatel International Ltd Read More

SoftBank convertible note helped cut WeWork losses

21 hours ago DieselGasoil Comments Off on SoftBank convertible note helped cut WeWork losses
NEW YORK (Reuters) – Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million gain on a convertible note that made losses at the coworking firm appear a lot smaller. FILE PHOTO: The WeWork logo is displayed outside Read More

Green energy has a plethora of failures

1 day ago DieselGasoil Comments Off on Green energy has a plethora of failures
By Will Wade on 8/15/2019 NEW YORK (Bloomberg Markets) –It must have seemed like a good idea at the time. The annals of green energy are filled with people who devised “brilliant solutions” to vexing problems, delivering more power for less money, making things cleaner, easier, and better. Some became rich and famous in the Read More

Founder’s grip on WeWork may be hard for investors to stomach

2 days ago DieselGasoil Comments Off on Founder’s grip on WeWork may be hard for investors to stomach
NEW YORK (Reuters) – Investors in the upcoming initial public offering of WeWork’s parent, The We Company, are being asked to lower their standards for corporate governance beyond what other technology startups have demanded, securities law experts said on Wednesday. FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to guests during the TechCrunch Disrupt event Read More

WeWork to test IPO investor appetite with widening losses

2 days ago DieselGasoil Comments Off on WeWork to test IPO investor appetite with widening losses
(Reuters) – WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares for an initial public offering as early as next month. The IPO, which could raise several billion dollars, will be a key test of investor appetite for fast-growing, Read More