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Electric vehicles reducing oil consumption

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By Dan Murtaugh on 3/19/2019 SINGAPORE (Bloomberg) — Electric vehicles are taking ever-bigger bites out of global oil demand, but they haven’t yet caught up with the growing size of the pie. Gasoline and diesel (gasoil) displacement by electric vehicles will grow by 96,000 bpd this year, BloombergNEF said in a report Tuesday. That brings Read More

Contango Announces Fourth Quarter and Full Year 2018 Financial Results

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HOUSTON, March 18, 2019 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today its financial results for the fourth quarter and year ended December 31, 2018.  Fourth Quarter 2018 Highlights Production of 3.7 Bcfe for the quarter (39.8 Mmcfed, 42% liquids); within previously provided guidance, despite late Read More

Foxconn says Wisconsin factory production to launch by 2020

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(Reuters) – Foxconn Technology Group Ltd said on Monday it will complete work on a new factory in Wisconsin to assemble liquid crystal display screens and start production before the end of next year. FILE PHOTO: A Foxconn logo is seen before the arrival of U.S. President Donald Trump as he participates in the Foxconn Read More

Advanced Emissions Solutions Reports Fourth Quarter and Full Year 2018 Results

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Full-Year Refined Coal Distributions in-line with Expectations and Royalties Higher; Acquisition and Integration of Carbon Solutions to form Power Generation & Industrials Segment HIGHLANDS RANCH, Colo., March 18, 2019 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the “Company” or “ADES”) today filed its Annual Report on Form 10-K and reported financial results for Read More

Exclusive: Sanofi says working on CEO succession plan

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PARIS (Reuters) – Pharmaceuticals group Sanofi is working on a plan to find a new CEO in agreement and consultation with current chief executive Olivier Brandicourt, a spokesman for the French drugmaker told Reuters on Monday. FILE PHOTO: The logo of Sanofi is pictured during the Viva Tech start-up and technology summit in Paris, France, Read More

Johan Sverdrup living quarters topside ready for sail-away

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3/18/2019 The Johan Sverdrup living quarters topside at Kværner Stord. Photo Kværner ASA. STAVANGER — With 560 beds the Johan Sverdrup living quarters topside is the largest of its kind in Norway. The fourth and last platform for the first phase of the giant project is now ready for sail-away from Kværner’s yard on Stord Read More

Brexit spurs biggest cut in UK business investment in 10 years: BCC

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LONDON (Reuters) – British companies look set to cut investment by the most in 10 years in 2019 because of Brexit, even if Prime Minister Theresa May gets a deal to ease the country out of the bloc, an employers group said on Monday. A man stands near the Canary Wharf business district, in east Read More

OPEC's Barkindo says compliance with supply cut deal improving

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BAKU (Reuters) – OPEC Secretary General Mohammad Barkindo said on Sunday that compliance with a supply cut agreement between OPEC and non-OPEC members was improving, and that this would help the oil market to weather through the build up of oil inventories. “There is a remarkable improvement on the level of compliance,” Barkindo said. “The Read More

Tesla unveils Model Y as electric vehicle race heats up, price starts at $39,000

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SAN FRANCISCO (Reuters) – Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Chief Executive Elon Musk said the compact SUV, built on the same platform as the Model 3, would Read More

Tesla unveils Model Y SUV as electric vehicle competition heats up

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SAN FRANCISCO (Reuters) – Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Tesla Inc’s Model Y electric sports utility vehicle is pictured in this undated handout photo released on March Read More