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Carrefour confident over overhaul despite fourth-quarter 'yellow vests' hit

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PARIS (Reuters) – Carrefour (CARR.PA) said on Tuesday it was confident its overhaul plan was on track, although sales growth slowed slightly in the fourth quarter as 10 weeks of anti-government protests hit hypermarket sales in its core French market. The logo of Carrefour is seen on shopping trolleys at the Carrefour Lingostiere in Nice, Read More

French protests weigh on Carrefour fourth-quarter hypermarket sales

6 hours ago DieselGasoil Comments Off on French protests weigh on Carrefour fourth-quarter hypermarket sales
The logo of Carrefour is seen on shopping trolleys at the Carrefour Lingostiere in Nice, France, March 31, 2018. REUTERS/Eric Gaillard PARIS (Reuters) – Carrefour (CARR.PA), Europe’s largest retailer, said on Tuesday that sales growth slowed in the fourth quarter, as 10 weeks of anti-government protests hurt hypermarket sales in its core French market. Elsewhere Read More

Halliburton shares fall as North America lags

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(Reuters) – Shares of oilfield firm Halliburton Co (HAL.N) fell sharply on Tuesday after the company forecast lower revenues in key business areas in the first quarter, overshadowing a quarterly profit beat and a pledge to reduce 2019 spending. FILE PHOTO: Oil production equipment is seen in a Halliburton yard in Williston, North Dakota, U.S., Read More

Exclusive: Autogrill submitted a bid for Elior's Areas business – source

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FILE PHOTO: An Autogrill point is seen along the Grande Raccordo Anulare (Great Ring Junction) motorway in Rome, Italy, March 8, 2016. REUTERS/Max Rossi MILAN (Reuters) – Italy’s Autogrill (AGL.MI) has submitted a bid for the railways, motorway and airport catering business of France’s Elior (ELIOR.PA), a source told Reuters on Tuesday. Earlier this month, Read More

PermianChain Technologies has launched blockchain-based OandG trading, investment platform prototype

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1/21/2019 VAUGHAN, Ontario — PermianChain Technologies has launched the prototype of its platform for trading potential oil and gas reserves that have yet to be developed. PermianChain’s blockchain-based approach will make it easier to put a value on reserves before they have been produced, enhancing efficiency and improving understanding of a project’s viability. PermianChain has Read More

EMGS: Multi-client revenues from the APA 2018 awards

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On 15 January 2019, the Norwegian Ministry of Petroleum and Energy (the “MPE”) announced the awards of new production licenses through the Awards in Pre-defined Areas (APA 2018) licensing round. Based on the offered awards, Electromagnetic Geoservices ASA (the “Company” or “EMGS”), expects to realise net uplift revenues of approximately USD 2 million. The APA Read More

Asset managers brace for more job cuts amid market turbulence

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LONDON/NEW YORK (Reuters) – Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management industry. FILE PHOTO: People walk through the financial district during rainy weather in London, Britain, September 23, 2018. REUTERS/Henry Nicholls/File Photo BlackRock (BLK.N), the world’s largest money manager, and industry No. 3 State Street (STT.N) Read More

Austrian data privacy activist files complaint against Apple, Amazon, others

2 days ago DieselGasoil Comments Off on Austrian data privacy activist files complaint against Apple, Amazon, others
VIENNA (Reuters) – Apple (AAPL.O) and Amazon (AMZN.O) are among eight tech firms named in a complaint filed in Austria by non-profit organization noyb, which cited their failure to comply with the European Union’s General Data Protection Regulation (GDPR). FILE PHOTO: Austrian lawyer and privacy activist Max Schrems checks his mobile phone in his office Read More

Huge backlog could trigger new wave of shale oil

2 days ago DieselGasoil Comments Off on Huge backlog could trigger new wave of shale oil
The number of drilled but uncompleted wells (DUCs) in the US shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow. The backlog of DUCs has continued to swell, Read More