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ISRAMCO, INC. ENTERS INTO DEFINITIVE MERGER AGREEMENT; TRANSACTION WOULD RESULT IN COMPANY GOING PRIVATE

42 mins ago DieselGasoil Comments Off on ISRAMCO, INC. ENTERS INTO DEFINITIVE MERGER AGREEMENT; TRANSACTION WOULD RESULT IN COMPANY GOING PRIVATE
HOUSTON, TX, May 20, 2019 (GLOBE NEWSWIRE) — Isramco, Inc. (NASDAQ CM: ISRL) (the “Company,” “Isramco,” “we” or “our”) announced today that it has signed a definitive merger agreement with Naphtha Israel Petroleum Corporation Ltd. (“Naphtha”), Naphtha Holding Ltd. (“NHL”), I.O.C. – Israel Oil Company, LTD. (“IOC”) and Naphtha US Oil, Inc. (each a wholly Read More

Iran announces four-fold increase in uranium enrichment

42 mins ago DieselGasoil Comments Off on Iran announces four-fold increase in uranium enrichment
Making good on threats to pull back from its commitments under the 2015 nuclear pact with world powers, Tehran has quadrupled its production of enriched uranium, according to Iran’s Atomic Energy Organization. The increase was announced Monday by a spokesperson for Iran’s nuclear authority, Behrouz Kamalvandi, who told Iranian media that the decision was made Read More

Chevron now offering electric car charging at gas stations

2 hours ago DieselGasoil Comments Off on Chevron now offering electric car charging at gas stations
By Mark Chediak on 5/20/2019 Photo: Electric car charging station. SAN FRANCISCO (Bloomberg) — There has been an ever so slight shift in Big oil towards the electric car business. Chevron Corp. is offering electric car charging ports at a handful of gasoline stations in its home state of California, according to a statement Monday. Read More

‘Slaves in our own nation’: South Africa’s ANC urges economic freedom against white monopoly capital

11 hours ago DieselGasoil Comments Off on ‘Slaves in our own nation’: South Africa’s ANC urges economic freedom against white monopoly capital
The struggle for economic emancipation of South Africa’s black population should be unstoppable, according to the ANC (African National Congress) secretary-general Ace Magashule. Speaking at a memorial lecture in honor of South African activist Walter Sisulu, he said that “dark forces” in the ruling party are hellbent on distracting from the struggle for economic freedom Read More

Tanzania fines Acacia Mining $2.4 million over alleged pollution

14 hours ago DieselGasoil Comments Off on Tanzania fines Acacia Mining $2.4 million over alleged pollution
DAR ES SALAAM (Reuters) – Tanzania’s mining minister said on Monday Acacia Mining had been fined 5.6 billion Tanzanian shillings ($2.4 million) for alleged pollution at its North Mara mine. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania. It was forced to cut output by a third after the Read More

Indian PM Modi secures 2nd term & stronger majority, exit polls show

16 hours ago DieselGasoil Comments Off on Indian PM Modi secures 2nd term & stronger majority, exit polls show
India’s ruling National Democratic Alliance headed by Prime Minister Narendra Modi’s Bharatiya Janata Party is on course to win the general election by a substantial margin, multiple exit polls indicate. The world’s largest democracy, with nearly 900 million eligible voters, finished its complicated, weeks-long, multi-stage election process on Sunday to decide who sits in India’s Read More

Indian women abduct, demand ransom for Mumbai top manager they accuse of rape

22 hours ago DieselGasoil Comments Off on Indian women abduct, demand ransom for Mumbai top manager they accuse of rape
Indian police have raided a home in New Delhi to rescue a wealthy businessman, who was taken hostage by a group of women over alleged sexual abuse. Rape is a major problem in India, as well as growing number of false accusations. The managing director of a Mumbai-based marine engineering company was kidnapped during a Read More

Google cuts ties with Huawei following trade blacklisting

1 day ago DieselGasoil Comments Off on Google cuts ties with Huawei following trade blacklisting
Google has suspended its licences and product-sharing agreements with Chinese communications giant Huawei, as Washington accuses the company of spying for Beijing. The Silicon Valley tech giant has cut its business deals with Huawei that involve the transfer of hardware and software, Reuters and The Verge report. Following the move, Huawei will lose access to Android operating Read More

Google cuts ties with Huawei following trade blacklisting – report

1 day ago DieselGasoil Comments Off on Google cuts ties with Huawei following trade blacklisting – report
Google has reportedly suspended some of its product-sharing agreements with Chinese communications giant Huawei, as Washington accuses the company of spying for Beijing. The Silicon Valley tech giant has cut its business deals with Huawei that involve the transfer of hardware and software, an anonymous source told Reuters on Sunday. Following the move, Huawei will Read More

Saudi Arabia says oil producers want to reduce inventories

1 day ago DieselGasoil Comments Off on Saudi Arabia says oil producers want to reduce inventories
JEDDAH, Saudi Arabia (Reuters) – Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories “gently” but his country would remain responsive to the needs of what he called a fragile market. Saudi Arabian Energy Minister Khalid al-Falih speaks to the media before Read More