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Elexicon Group Inc. Introduces New Chief Executive Officer

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TORONTO, Ontario, March 18, 2019 (GLOBE NEWSWIRE) — Elexicon Group Inc. (“Elexicon Group” or the “Company”) is pleased to announce that James Darrach has been appointed as its Chief Executive Officer (“CEO”) effective April 1, 2019. “I am very excited to take on this leadership role at Elexicon Group and looking forward to building out Read More

U.S. oil waivers that rocked market in 2018 coming back to focus

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By Bloomberg News on 3/15/2019 SINGAPORE and BEIJING (Bloomberg) — Uncertainty over U.S. waivers for buyers of Iranian oil is starting to grip the market again, under very different circumstances than when American sanctions were set to go into effect last year. Before existing exemptions were granted in early November, Saudi Arabia was pumping at Read More

BMW and Daimler seek 7 billion euros savings from shared platforms: reports

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FRANKFURT (Reuters) – BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that could save each carmaker at least 7 billion euros ($7.91 billion), Sueddeutsche Zeitung and Auto Bild said on Thursday. A BMW logo is displayed at the 89th Geneva International Motor Show in Geneva, Read More

Petrofac awarded $1-billion EPC project in Algeria

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3/14/2019 ST. HELIER — Petrofac has been awarded a contract worth around US$1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, for the Ain Tsila Development Project in Algeria. Located around 1,100 km southeast of Algiers, the Ain Tsila field will produce gas, LPG and Condensate, for the Read More

Philip Morris says Indian partner charges machinery costs; calls it 'business expense'

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NEW DELHI (Reuters) – Philip Morris International Inc’s Indian partner charges machinery-related costs for manufacturing its Marlboro cigarettes in India, the company said on Wednesday, following a Reuters article that showed it may have circumvented foreign direct investment rules. FILE PHOTO: A packet of Marlboro cigarettes made by Philip Morris are pictured in this photo Read More

Exceed wins contract to drill first-ever deepwater well offshore Guinea Bissau

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3/13/2019 ABERDEEN — Exceed, a well management and performance improvement specialist, continues to consolidate its West African presence, by announcing the company’s first contract to be undertaken offshore Guinea Bissau. Awarded by Swedish E&P company, Svenska Petroleum Exploration AB, the project will comprise full well project management services to deliver a deep water exploration well Read More

U.S. solar installations to rebound in 2019 as prices plummet: Woodmac

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(Reuters) – New U.S. solar installations will grow by 14 percent this year thanks to lower equipment prices that helped to revive a slew of delayed projects, consultancy Wood Mackenzie said in its latest outlook released on Wednesday. FILE PHOTO: A man views solar panels on a roof at Google headquarters in Mountain View, California, Read More

Infrastructure and Energy Alternatives, Inc. Announces Fourth Quarter and Full Year 2018 Financial Results

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INDIANAPOLIS, March 12, 2019 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading construction services company with specialized energy and heavy civil expertise, today announced financial results for the fourth quarter and full year ended December 31, 2018. Fourth Quarter Highlights Revenue of $275.9 million, up 132% year-over-year Read More

BP awards contracts to McDermott, BHGE for Greater Tortue Ahmeyim natural gas project

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3/11/2019 HOUSTON — McDermott International, Inc., and Baker Hughes, a GE company have announced today that they have been awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts by BP for the Greater Tortue Ahmeyim natural gas project, located offshore Mauritania and Senegal. BP, BHGE and McDermott are working together Read More

Mark Zuckerberg's conference room has a secret 'panic chute,' report says

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Report: Mark Zuckerberg’s conference room has a secret ‘panic chute’ A new report by Business Insider looked into Facebook’s security practices, specifically CEO Mark Zuckerberg and how far he is willing to take his privacy and safety. According to the report, Zuckerberg reportedly has a ‘panic chute’ in one of Facebook’s giant conference rooms. The Read More