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American Airlines extends Boeing 737 MAX cancellations for fourth time

9 hours ago DieselGasoil Comments Off on American Airlines extends Boeing 737 MAX cancellations for fourth time
(Reuters) – American Airlines Group Inc (AAL.O) said on Sunday it is extending for a fourth time cancellations of about 115 daily flights into early November due to the ongoing grounding of the Boeing Co (BA.N) 737 MAX jets. FILE PHOTO: American Airlines Boeing 737 MAX jets sit parked at a facility in Tulsa, Oklahoma, Read More

Volkswagen zooms ahead in extension of alliance with Ford to electric, automated cars

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, NEW YORK (Reuters) – Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs while positioning VW as the initial winner. How soon those investments will pay for themselves is an open Read More

VivoPower International PLC Reports Results for the Year Ended March 31, 2019

2 days ago DieselGasoil Comments Off on VivoPower International PLC Reports Results for the Year Ended March 31, 2019
LONDON, July 12, 2019 (GLOBE NEWSWIRE) — VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”), an international solar and critical power services company, today announced its financial results for the year ended March 31, 2019. “Fiscal 2019 has seen a significant improvement in results for VivoPower, reflecting a strong turnaround in performance during the Read More

Cracks in Permian promise slowing shale boom

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By Kevin Crowley and Rachel Adams-Heard on 7/12/2019 HOUSTON (Bloomberg) –The promise of the Permian is shrinking. Producers in the nation’s oil-rich shale basins are dialing back growth plans in the face of a growing panoply of problems that’s killing returns and keeping skeptical investors away. The constraints are manifold: pipeline limits, reduced flow from Read More

Eolus signs agreement with Aquila Capital for the sale of the 400 MW Norwegian wind farm Oyfjellet

3 days ago DieselGasoil Comments Off on Eolus signs agreement with Aquila Capital for the sale of the 400 MW Norwegian wind farm Oyfjellet
Hässleholm, Sweden, July 12, 2019 Eolus has signed a share purchase agreement with Aquila Capital regarding the sale of wind farm Oyfjellet in Norway. The wind farm has a planned capacity of 400 MW. The preliminary purchase price amounts to EUR 30 million. The transaction covers the sale of 100% of the shares of the Read More

Kværner ASA: Second quarter and half-year results 2019 – Results according to plan, positioning for several new contracts in progress

3 days ago DieselGasoil Comments Off on Kværner ASA: Second quarter and half-year results 2019 – Results according to plan, positioning for several new contracts in progress
12 July, 2019 – Kvaerner’s second quarter and half-year result are in line with the financial targets for 2019. The EBITDA result for the Field Development segment was NOK 132 million in the second quarter compared to NOK 118 million in the same quarter last year. The corresponding EBITDA margin was 6.9 percent in the Read More

Delphi Energy Corp. Announces Extension of Credit Facility

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CALGARY, Alberta, July 11, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that the annual borrowing base redetermination of its senior credit facility has been finalized. The amended credit facility has a borrowing base of $100.0 million reducing to $90.0 million upon the earlier of September 30, 2019 and the completion Read More

US slaps Venezuela military intelligence body with new sanctions

3 days ago DieselGasoil Comments Off on US slaps Venezuela military intelligence body with new sanctions
The US Treasury Department said a new round of sanctions will be imposed on a Venezuelan military counter-intelligence organization, following the death of a Venezuelan military officer in government custody. The sanctions will target the country’s Directorate General of Military Counterintelligence (DGCIM), an agency tasked with combating espionage, the Treasury Department announced on Thursday, and Read More