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RRC commissioners assess nearly $1 million in penalties

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6/25/2019 AUSTIN — The Railroad Commission of Texas assessed $939,780 in fines involving 288 enforcement dockets against operators and businesses at the Commissioners’ conference this week. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety. Thirty-six dockets involved $514,280 in penalties after operators failed to appear Read More

Vestas and GE Renewable Energy settle multi-patent dispute

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News release fromVestas Wind Systems A/S & General Electric CompanyAarhus and Boston, 25 June 2019 Vestas Wind Systems A/S (Vestas) and General Electric Company (GE), acting through its Renewable Energy Business, have reached an amicable settlement of all disputes related to multiple patent infringement claims in the U.S., resulting in the discontinuation of the case Read More

Lawyers for Huawei CFO urge Canada to withdraw extradition proceedings

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(Reuters) – Lawyers for Huawei’s chief financial officer urged Canada’s justice minister on Monday to withdraw extradition proceedings against Meng Wanzhou, who has been detained in Vancouver since December on U.S. fraud charges. FILE PHOTO: Huawei’s Financial Chief Meng Wanzhou leaves her family home in Vancouver, British Columbia, Canada, May 8, 2019. REUTERS/Lindsey Wasson/File Photo Read More

Greenway Technologies Annual Shareholder Meeting Call In Line

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ARLINGTON, TEXAS, June 24, 2019 (GLOBE NEWSWIRE) — Greenway Technologies, Inc. (OTCQB:GWTI), an advanced gas-to-liquids technology development company today announces the call in line for the Annual Shareholders meeting being held on June 26, 2019 at the Hilton Hotel in Arlington Texas beginning at 9:00am Central Time. The call in line will be active beginning Read More

Lawyers for Huawei CFO urge Canada’s Justice Minister to withdraw extradition proceedings

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FILE PHOTO: Huawei’s Financial Chief Meng Wanzhou leaves her family home in Vancouver, British Columbia, Canada, May 8, 2019. REUTERS/Lindsey Wasson/File Photo (Reuters) – Lawyers for Huawei’s chief executive officer Meng Wanzhou, who is being detained in Canada on U.S. fraud charges, on Monday urged Canada’s Minister of Justice to reconsider whether to withdraw the Read More

Daimler slumps as diesel (gasoil) costs wipe out profit growth

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FRANKFURT (Reuters) – Daimler shares fell as much as 5% on Monday after the German automaker cut its profit forecast for the third time in 12 months, saying it was setting aside hundreds of millions of euros to cover a regulatory crackdown on diesel (gasoil) emissions. The Daimler logo is seen before the Daimler annual Read More

Daimler warns on 2019 profit outlook as diesel (gasoil) issues bite

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FRANKFURT (Reuters) – Daimler cut its 2019 earnings outlook on Sunday after lifting provisions for issues related to its diesel (gasoil) vehicles by hundreds of millions of euros. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke Group earnings before interest and tax this year Read More

Daimler cuts 2019 profit outlook on diesel (gasoil) issues

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FRANKFURT (Reuters) – Daimler cut its 2019 earnings outlook on Sunday after lifting provisions for issues related to its diesel (gasoil) vehicles to hundreds of millions of euros. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke Group earnings before interest and tax this year Read More

Petrobras Parties Pay Vantage Drilling Parties $700.9 million to satisfy Arbitration Award and related U.S. Judgment

5 days ago DieselGasoil Comments Off on Petrobras Parties Pay Vantage Drilling Parties $700.9 million to satisfy Arbitration Award and related U.S. Judgment
HOUSTON, June 21, 2019 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) announced today that Petrobras Venezuela Investments & Services, BV (“PVIS”), a subsidiary of Petroleo Brasileiro S.A (“Petrobras”), entered into an agreement with Vantage Deepwater Company (“VDEEP”), a wholly-owned subsidiary of Vantage, pursuant to which PVIS paid VDEEP approximately $690.8 million to Read More