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ExxonMobil puts Norwegian business up for sale

4 hours ago DieselGasoil Comments Off on ExxonMobil puts Norwegian business up for sale
London — ExxonMobil is looking at a possible sale of its remaining Norwegian upstream business, comprising minority stakes in 20 producing fields plus numerous license areas, it said Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now A sale would shake out a sizable share of Norwegian production even Read More

BHGE, C3.ai announce JV to deliver AI solutions across the oil and gas industry

5 hours ago DieselGasoil Comments Off on BHGE, C3.ai announce JV to deliver AI solutions across the oil and gas industry
6/24/2019 HOUSTON and REDWOOD — Baker Hughes, a GE company and C3.ai today announced a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies that will drive new levels of productivity for the oil and gas industry. AI in the oil Read More

Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources

6 hours ago DieselGasoil Comments Off on Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources
LONDON/MILAN (Reuters) – Italy’s UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said. FILE PHOTO: A Commerzbank logo is pictured before the bank’s annual news conference in Frankfurt, Germany, Read More

Wood continues growth in Norway with two new Equinor contracts

6 hours ago DieselGasoil Comments Off on Wood continues growth in Norway with two new Equinor contracts
6/24/2019 BOSTON — Wood has secured two new contracts from Equinor for onshore and offshore facilities in Norway. The contracts continue Wood’s successful track record of delivering engineering and technical services to Equinor — both in-country and globally — for more than two decades. In the first of the new contracts, Wood will deliver FEED Read More

VivoPower International PLC Announces US Solar Portfolio Sale Update and Major Contract Wins in Australian Solar and Data Centers Resulting in Record Forward Order Book

7 hours ago DieselGasoil Comments Off on VivoPower International PLC Announces US Solar Portfolio Sale Update and Major Contract Wins in Australian Solar and Data Centers Resulting in Record Forward Order Book
LONDON, June 24, 2019 (GLOBE NEWSWIRE) — VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”), an international solar and power services company, is pleased to provide an update on the status of its US solar portfolio sale. Since the last update, the sale process has progressed further with new international parties now engaged. In Read More

Exxon Mobil ready for Norwegian exit

7 hours ago DieselGasoil Comments Off on Exxon Mobil ready for Norwegian exit
6/24/2019 LONDON, HOUSTON and SINGAPORE — Speaking after reports that ExxonMobil is preparing to put its Norwegian upstream portfolio up for sale, Neivan Boroujerdi, principal analyst, Europe upstream, at Wood Mackenzie, said: “The move doesn’t come as a surprise. We recently highlighted Norway amongst a US$48 billion pool of assets from which we think ExxonMobil Read More

Parkland Announces US$500 Million Offering of Senior Unsecured Notes

7 hours ago DieselGasoil Comments Off on Parkland Announces US$500 Million Offering of Senior Unsecured Notes
CALGARY, Alberta, June 24, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI), announced today that, subject to market conditions, it plans to commence a private offering of US$500 million aggregate principal amount of senior unsecured notes due 2027 (the “Offering”). Subject to such market conditions, Parkland intends to use Read More

Four states updated their renewable portfolio standards in the first half of 2019

7 hours ago DieselGasoil Comments Off on Four states updated their renewable portfolio standards in the first half of 2019
June 24, 2019 Source: U.S. Energy Information Administration, based on states’ renewable portfolio standards As of the end of 2018, 29 states and the District of Columbia had renewable portfolio standards (RPS), or polices that require electricity suppliers to source a certain portion of their electricity from designated renewable resources or eligible technologies. Four states—New Read More

Archrock Announces Agreement to Acquire Elite Compression

9 hours ago DieselGasoil Comments Off on Archrock Announces Agreement to Acquire Elite Compression
Acquiring approximately 430,000 of compression horsepower from Elite Compression Services for approximately $410 million in cash and Archrock common stock Reinforces focus on large horsepower compression serving midstream infrastructure with blue-chip customers Accretive to earnings and free cash flow per share and supports our path to achieving sub-4.0x leverage in 2020 Enhances basin density across Read More

Natixis’ H20 arm sells some of its bonds portfolio

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PARIS (Reuters) – H20, the London-based fund management arm of French bank Natixis which has been hit by outflows of money, said on Monday it had sold some of its bonds portfolio. “H2O has sold part of its non-rated private bonds and, based on a valuation received by international banks, marked down the balance in Read More