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Exxon quarterly profit to feel pinch of weaker natural gas, chemical earnings

2 weeks ago DieselGasoil Comments Off on Exxon quarterly profit to feel pinch of weaker natural gas, chemical earnings
(Reuters) – Exxon Mobil Corp (XOM.N) said on Monday lower natural gas and chemical margins in its second quarter would offset improved crude and refining operations, pointing to flat profits sequentially and down from a year-earlier. FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Read More

Deutsche Bank board to meet July 7 to decide on job cuts: sources

2 weeks ago DieselGasoil Comments Off on Deutsche Bank board to meet July 7 to decide on job cuts: sources
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) – Deutsche Bank’s (DBKGn.DE) supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, three people with knowledge of the matter said. CEO Christian Read More

Gevo Chief Executive Officer to Present in the alphaDIRECT Advisors Virtual Conference Series on Monday, July 1st at 12:00 pm EDT

3 weeks ago DieselGasoil Comments Off on Gevo Chief Executive Officer to Present in the alphaDIRECT Advisors Virtual Conference Series on Monday, July 1st at 12:00 pm EDT
ENGLEWOOD, Colo., June 28, 2019 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) announced that Dr. Patrick R. Gruber, Chief Executive Officer of Gevo, Inc. will participate and present in the alphaDIRECT Advisors Virtual Conference Series on Monday, July 1st, 2019, at 12:00 pm EDT as part of the alphaDIRECT Investor Intelligence Program. Dr. Gruber will Read More

Five years after crude’s collapse, shale patch still struggles

3 weeks ago DieselGasoil Comments Off on Five years after crude’s collapse, shale patch still struggles
By Rachel Adams-Heard on 6/28/2019 HOUSTON (Bloomberg) — It’s been five years since crude started a precipitous drop that eventually saw it hit a low of $26/bbl. While prices have recovered some of the lost ground, shale producers are still feeling the pain. Oil’s 76% collapse from almost $108/bbl in June 2014 was the worst Read More

Ford to cut 12,000 jobs in Europe by end 2020

3 weeks ago DieselGasoil Comments Off on Ford to cut 12,000 jobs in Europe by end 2020
FRANKFURT (Reuters) – Ford (F.N) said it will cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and huge investments to build low emission cars. FILE PHOTO: A view of the Read More

Tesla’s senior production executive at Fremont facility quits: source

3 weeks ago DieselGasoil Comments Off on Tesla’s senior production executive at Fremont facility quits: source
(Reuters) – Tesla Inc’s vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker, a source familiar with the matter told Reuters. FILE PHOTO: The Tesla factory is seen in Fremont, California, U.S. June 22, 2018. REUTERS/Stephen Lam/File Photo Hochholdinger, a former production executive at Volkswagen Read More

BLOC-X launches first independent e-trading software for OTC oil block futures markets

3 weeks ago DieselGasoil Comments Off on BLOC-X launches first independent e-trading software for OTC oil block futures markets
6/25/2019 LONDON — BLOC-X has announced the launch of its electronic trading software for over-the-counter (OTC) oil block futures transactions. As the first independent trading solution for oil block futures, BLOC-X aims to reduce transaction costs for market traders by up to 90% and to create a level playing field for all market participants eliminating Read More

PGS ASA: Implementation of 2019 Employee Long-term Incentive Plan

4 weeks ago DieselGasoil Comments Off on PGS ASA: Implementation of 2019 Employee Long-term Incentive Plan
June 21, 2019: Oslo, Norway, PGS (or “the Company”) announces that the 2019 long term incentive plan, as approved by the Annual General Meeting on April 24, 2019, has now been implemented by allocating 2 249 300 Performance based Restricted Stock Units (“PRSUs”). The awards are based on amongst other considerations the position in the Read More

Shareholders Approve the Transaction of TGS to Acquire Spectrum

4 weeks ago DieselGasoil Comments Off on Shareholders Approve the Transaction of TGS to Acquire Spectrum
Asker, Norway (21 June 2019) – Following the announcement on 20 May 2019 concerning the merger plan between TGS-NOPEC Geophysical Company ASA and Spectrum ASA, an extraordinary general meeting of TGS was held today at the offices of the law firm Schjødt, at Ruseløkkveien 16, in Oslo at 17:00 CET. All resolutions proposed were approved Read More