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China’s newest oil hotspot is in America’s backyard

3 days ago DieselGasoil Comments Off on China’s newest oil hotspot is in America’s backyard
China is ramping up its oil drilling initiative in Cuban waters, using cutting-edge technology to reach deposits that Cubans couldn’t touch. Chinese state-run news agency Xinhua said on Tuesday that an affiliate of Chinese oil major CNPC, Great Wall Drilling, was drilling for oil off Cuba’s coast as part of a joint venture with state-owned oil firm Read More

Hudson News chief James Cohen to buy National Enquirer: report

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(Reuters) – American Media Inc (AMI) is selling its tabloid the National Enquirer for $100 million to James Cohen, chief executive of Hudson News , the Washington Post reported on Thursday, citing people familiar with the agreement. U.S. tabloid newspaper the National Enquirer display rack is seen in Washington, U.S., April 10, 2019. REUTERS/Jeenah Moon Read More

WFS 2nd generation Seatooth improves offshore safety, reduces cost in North Sea

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4/15/2019 Photo: WFS Seatooth subsea wireless sensor. LONDON — A new generation of subsea technology has been successfully used to improve safety and reduce cost in the North Sea oil and gas industry for the first time. Cutting-edge computing and subsea wireless IP camera technology deployed on a pipeline construction project enhanced diver safety and Read More

Enphase Energy Service Program for Early Adopters Reaches Milestone and Expands

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FREMONT, Calif., April 15, 2019 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, today announced that over 2,500 homeowners have joined the Enphase Upgrade Program, a service program that gives homeowners several options for upgrading to the latest, more efficient and reliable microinverters Read More

Russian presidential carmaker Aurus is ready to enter Asian markets

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Russian automaker Aurus, which produces limousines for the Russian president, is going to introduce its cars to Asian customers and considers China as a possible place for its debut, the company’s CEO has revealed. The high-end cars were presented to clients in the Middle East at the IDEX 2019 arms expo in Abu Dhabi, UAE, Read More

Initial Claims Reach Historic Low Level

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The years long healthy U S labor market has hit its apex with this morning s weekly 160 Initial Jobless Claims 160 figures 196K new claims falls through the 200K floor for the first time this century and reaches its lowest point since the week of October 4 1969 the Read More

Maduro reaches agreement with Red Cross on aid deliveries after ‘extraordinary’ meeting

2 weeks ago DieselGasoil Comments Off on Maduro reaches agreement with Red Cross on aid deliveries after ‘extraordinary’ meeting
Caracas and the Red Cross have agreed to allow UN-sponsored humanitarian aid shipments into Venezuela, which has been grappling with shortages of medicine and basic supplies amid a severe economic crisis. Venezuelan President Nicolas Maduro announced on Wednesday that his government has been ironing out the details of the formal agreement with the International Committee Read More

Oil rallies as steep U.S. gasoline stock draw overshadows crude build

2 weeks ago DieselGasoil Comments Off on Oil rallies as steep U.S. gasoline stock draw overshadows crude build
NEW YORK (Reuters) – Oil prices rose on Wednesday after U.S. data showing a hefty drawdown in gasoline stocks overshadowed crude inventories rising to their highest levels in more than a year, and as sanctions and blackouts in Venezuela helped tighten global supply. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Read More

C-130 gets new ‘electronic propeller controls’ to fly into 2030s

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File photo – a C-130J Super Hercules with the 36th Airlift Squadron flies over Yokota Air Base, Japan, March 6, 2016. (U.S. Air Force photo by Staff Sgt. David Owsianka) The Air Force plans to fly its war-tested 1950s-era C-130 aircraft well into the 2030s and beyond through a sweeping, multi-pronged technical overhaul, designed to Read More

Bank of America to raise minimum wage to $20 per hour by 2021

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FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo (Reuters) – Bank of America Corp said on Tuesday it would raise its minimum wage to $20 per hour in increments over a two-year period. On May 1, 2019, Read More