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Malaysia court rules in favor of Wynn Macau in $4.2 million case: lawyer

2 days ago DieselGasoil Comments Off on Malaysia court rules in favor of Wynn Macau in $4.2 million case: lawyer
A company logo is displayed in front of a fountain at Wynn Macau resort in Macau, China February 8, 2018. REUTERS/Bobby Yip KUALA LUMPUR (Reuters) – A Malaysian judge on Friday ruled in favor of Wynn Macau (1128.HK) in a case against a fund manager who owed the casino millions of dollars, the company’s lawyer Read More

Ghosn hit with new allegations of improper payments

3 days ago DieselGasoil Comments Off on Ghosn hit with new allegations of improper payments
Scandal-hit Renault boss Carlos Ghosn improperly received €7.8m (£7m) from a joint venture between Nissan and Mitsubishi, the carmakers allege. Netherlands-based Nissan-Mitsubishi BV says the payment was made despite no discussion with the other two board members, Nissan chief executive Hiroto Saikawa and Mitsubishi CEO Osamu Masuko. Ghosn was arrested on 19 November on charges of Read More

Ghosn received $9 million improperly from Nissan-Mitsubishi JV: companies

3 days ago DieselGasoil Comments Off on Ghosn received $9 million improperly from Nissan-Mitsubishi JV: companies
TOKYO (Reuters) – Arrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 million) in compensation from a joint venture (JV) between Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T), the companies said on Friday. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on Read More

Marksmen Announces Operational Update

4 days ago DieselGasoil Comments Off on Marksmen Announces Operational Update
CALGARY, Alberta, Jan. 16, 2019 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) is a 60% working interest owner in the Leaman #1horizontal well operated by Hocking Hills Energy and Well Services LLC, in Hocking County, Ohio.  In a press release dated December 19, 2018, Marksmen announced that a new horizontal/lateral leg paralleling Read More

Equinor invests $269 million to increase Gullfaks production, North Sea

5 days ago DieselGasoil Comments Off on Equinor invests $269 million to increase Gullfaks production, North Sea
1/15/2019 Gullfaks field, North Sea. Illustration: Equinor. STAVANGER — The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 MMbbl with good profitability. On behalf of the license partners, Equinor’s executive vice president for Development and Production Norway, Arne Sigve Nylund, presented an amended plan for development and Read More

Equinor invests 269 million to increase Gullfaks production

5 days ago DieselGasoil Comments Off on Equinor invests 269 million to increase Gullfaks production
1/15/2019 Gullfaks field, North Sea. Illustration: Equinor. STAVANGER — The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 MMbbl with good profitability. On behalf of the license partners, Equinor’s executive vice president for Development and Production Norway, Arne Sigve Nylund, presented an amended plan for development and Read More

India's electric vehicle goals being realized on two wheels, not four

6 days ago DieselGasoil Comments Off on India's electric vehicle goals being realized on two wheels, not four
GOVE/NEW DELHI (Reuters) – Hurt by high fuel prices, Vinod Gore, a farmer in Gove village in the western Indian state of Maharashtra, ditched his petrol scooter for an electric model, underlining how two-wheelers are driving the country’s goal of electrification of its vehicles. A worker checks the power supply to recharge an electric scooter Read More

China car sales hit reverse for first time since 1990s

7 days ago DieselGasoil Comments Off on China car sales hit reverse for first time since 1990s
BEIJING/SHANGHAI (Reuters) – Car makers in China will face more fierce competition this year, after a tough 2018 when the world’s biggest auto market contracted for the first time in more than two decades, the country’s top auto industry association said on Monday. FILE PHOTO: Newly manufactured cars are seen at the automobile terminal in Read More

Automakers in China brace for another bumpy ride after tough 2018

7 days ago DieselGasoil Comments Off on Automakers in China brace for another bumpy ride after tough 2018
BEIJING (Reuters) – Car makers in China are bracing for zero to tepid growth in sales this year, after a tough 2018 when the world’s top auto market probably contracted for the first time in about two decades, as slowing economic growth drags on demand. FILE PHOTO: Newly manufactured cars are seen at the automobile Read More

Bumpy ride ahead for automakers in China after tough 2018, stimulus eyed

7 days ago DieselGasoil Comments Off on Bumpy ride ahead for automakers in China after tough 2018, stimulus eyed
BEIJING (Reuters) – Car makers in China are bracing for zero to tepid growth in sales this year, after a tough 2018 when the world’s top auto market probably contracted for the first time in two decades, as slowing economic growth drags on demand. Geely cars for export enter a cargo vessel at Ningbo Zhoushan Read More