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TGS and Spectrum executes merger agreement and merger plan

10 mins ago DieselGasoil Comments Off on TGS and Spectrum executes merger agreement and merger plan
Oslo, 20 May 2019 – With reference to announcements on 2 May 2019, TGS-NOPEC Geophysical Company ASA (“TGS“) and Spectrum ASA (“Spectrum“) today announced that their respective board of directors have unanimously approved and decided upon a final merger agreement and merger plan in line with the terms previously announced. The merger plan is now Read More

Infrastructure and Energy Alternatives, Inc. Announces Closing of $50 Million Equity Transaction

11 mins ago DieselGasoil Comments Off on Infrastructure and Energy Alternatives, Inc. Announces Closing of $50 Million Equity Transaction
INDIANAPOLIS, May 20, 2019 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced that it has successfully completed the previously announced $50 million equity transaction (“Equity Transaction”) with a fund managed by the Private Equity Group Read More

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

1 hour 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

Gran Tierra Energy Inc. Announces Pricing of $300 Million 7.750% Senior Notes Offering

1 hour ago DieselGasoil Comments Off on Gran Tierra Energy Inc. Announces Pricing of $300 Million 7.750% Senior Notes Offering
CALGARY, Alberta, May 20, 2019 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that it has priced its offering of $300 million aggregate principal amount of 7.750% Senior Notes due 2027 (the “Notes”) in a private placement to qualified institutional buyers in the United States pursuant to Rule Read More

Completion 2019 Share Repurchase Program

4 hours ago DieselGasoil Comments Off on Completion 2019 Share Repurchase Program
May 20, 2019 SBM Offshore reports that it has completed its EUR175 million share repurchase program. Between February 14, 2019 and May 20, 2019 a total of 10,422,259 common shares were repurchased, at an average price of EUR16.79 per share. Further detailed information regarding all individual transactions can be accessed via the Investor Relations Center Read More

India’s stocks flying high as PM Modi is set to secure second term

8 hours ago DieselGasoil Comments Off on India’s stocks flying high as PM Modi is set to secure second term
Benchmark Indian indices have closed with gains and came close to their all-time highs after exit polls showed that the country’s ruling alliance led by Prime Minister Narendra Modi’s party is likely to win the general election. Both S&P BSE Sensex and the NSE Nifty 50 were up more than three percent as of Monday’s Read More

Wall St. drops as tech stocks tumble on Huawei fallout fears

8 hours ago DieselGasoil Comments Off on Wall St. drops as tech stocks tumble on Huawei fallout fears
(Reuters) – U.S. stocks fell on Monday, as a crackdown on China’s Huawei Technologies raised concerns of a bigger impact on chipmakers and added to fears of an escalation in trade war between the two nations. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. Read More

Israel investigates hydrocarbon leak at Oil Refineries unit Gadiv

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JERUSALEM (Reuters) – Israel’s Oil Refineries (ORL) said on Monday it had been informed of an investigation by the Ministry of Environmental Protection at its Gadiv Petrochemical Industries unit. It said the investigation concerned a hydrocarbon leak that occurred a few months ago. ORL, Israel’s largest Refining and petrochemicals group, said at this stage it Read More

‘Democratorship’: Swedes lambast TV channel for refusing to air anti-EU ‘Swexit’ ad

9 hours ago DieselGasoil Comments Off on ‘Democratorship’: Swedes lambast TV channel for refusing to air anti-EU ‘Swexit’ ad
Swedish commercial broadcaster TV4 has refused to air an anti-EU promo, prompting outrage on social media. The Alternative for Sweden (AfS) party wanted to run the ad showing a single word – ‘Swexit’ – ahead of the EU elections. AfS leader Gustav Kasselstrand said the decision by the channel – the only one in Sweden Read More

U.S. District Court Confirms Arbitration Award in favor of Vantage Drilling and Denies Petrobras’s motion to Vacate the Award

10 hours ago DieselGasoil Comments Off on U.S. District Court Confirms Arbitration Award in favor of Vantage Drilling and Denies Petrobras’s motion to Vacate the Award
HOUSTON, May 20, 2019 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) announced today that U.S. District Court Judge Alfred H. Bennett of the Southern District of Texas granted Vantage Deepwater Company’s and Vantage Deepwater Drilling, Inc.’s petition to confirm its international arbitration award against Petroleo Brasileiro S.A. (“Petrobras”) and its subsidiaries Petrobras Read More