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Boeing abandons financial outlook, sees $1 billion in extra cost on 737 MAX

17 hours ago DieselGasoil Comments Off on Boeing abandons financial outlook, sees $1 billion in extra cost on 737 MAX
(Reuters) – Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far. FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes Read More

Boeing abandons financial outlook, stops buybacks after 737 MAX groundings

19 hours ago DieselGasoil Comments Off on Boeing abandons financial outlook, stops buybacks after 737 MAX groundings
(Reuters) – Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and announced $1 billion in increased costs due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months. FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Read More

Boeing sees FAA approving software fix in May, MAX ungrounding in July: sources

1 day ago DieselGasoil Comments Off on Boeing sees FAA approving software fix in May, MAX ungrounding in July: sources
CHICAGO/SEATTLE (Reuters) – Boeing Co has told some 737 MAX owners it is targeting U.S. Federal Aviation Administration approval of its software fix as early as the third week of May and the ungrounding of the aircraft around mid-July, two sources told Reuters. FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on Read More

FAA paves way for Alphabet unit to make first U.S. drone deliveries

2 days ago DieselGasoil Comments Off on FAA paves way for Alphabet unit to make first U.S. drone deliveries
FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay WASHINGTON (Reuters) – Alphabet Inc’s Wing Aviation unit on Tuesday got the okay to start delivering goods by drone in Virginia later this year, making the sister unit of search engine Google the Read More

Questerre announces proposed private placement

2 days ago DieselGasoil Comments Off on Questerre announces proposed private placement
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, April 23, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it intends to complete a private placement directed towards Norwegian and Read More

Total’s digital factory signals AI for drilling optimization

6 days ago DieselGasoil Comments Off on Total’s digital factory signals AI for drilling optimization
By Francois de Beaupuy on 4/19/2019 null PARIS (Bloomberg) — Total’s use of artificial intelligence to screen geological data will help the oil and gas industry identify new prospects, and shorten the time to acquire licenses, drill and make discoveries, Arnaud Breuillac, head of E&P, said at a conference. The company’s digital transformation will also Read More

Eni, Fincantieri, Terna and CDP team up to build wave power stations

6 days ago DieselGasoil Comments Off on Eni, Fincantieri, Terna and CDP team up to build wave power stations
FILE PHOTO: The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi MILAN (Reuters) – Italian oil group Eni is joining forces with shipbuilder Fincantieri, power grid group Terna and state lender CDP to develop wave power stations. The agreement aims to transform a Read More

ONGC places India on world map of heavy oil polymer flooding

7 days ago DieselGasoil Comments Off on ONGC places India on world map of heavy oil polymer flooding
4/18/2019 Photo: ONGC container-based polymer dispersion unit with maturation tank (right) and polymer injection pumps with manifold (left). NEW DELHI — Significant oil recovery has been obtained by a pilot in ONGC Becharji heavy oil field in North Gujarat, which was first put on production in July 1988. ONGC is going to commercialize this on Read More

Tragic death of Bangladeshi student set on fire for reporting abuse provokes anger across the world

7 days ago DieselGasoil Comments Off on Tragic death of Bangladeshi student set on fire for reporting abuse provokes anger across the world
The tragic murder of a school girl, lured onto a roof and set on fire by classmates for reporting sexual abuse by her principal, has provoked outrage across Bangladesh and beyond, with politicians and the UN voicing disgust. Nusrat Jahan Rafi was pinned to the ground by a group of students and teachers wearing burqas Read More

‘Can’t sleep at night’: Despair over jobs as India’s Jet Airways grounded

7 days ago DieselGasoil Comments Off on ‘Can’t sleep at night’: Despair over jobs as India’s Jet Airways grounded
MUMBAI (Reuters) – Bhoja Poojari has handled baggage for India’s Jet Airways Ltd since it began flying nearly 26 years ago. Now, like many other Jet employees, he fears for the future as the debt-laden airline descends into crisis. An employee of Jet Airways is consoled by his colleagues during a protest demanding to “save Read More