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Russia isn’t interested in joining new OPEC-led oil output cuts

7 hours ago DieselGasoil Comments Off on Russia isn’t interested in joining new OPEC-led oil output cuts
Russia prefers to stay out of any fresh oil production cuts led by OPEC’s leader Saudi Arabia, Reuters reported, quoting two high-ranking Russian sources. Russia—which together with Saudi Arabia and some Arab Gulf producers has been raising production since June to offset Iranian losses—saw its oil production set a new post-Soviet record high of 11.41 million bpd Read More

The egos disbanded? Bridging the great advertising divide

1 day ago DieselGasoil Comments Off on The egos disbanded? Bridging the great advertising divide
BARCELONA (Reuters) – Traditional advertising groups hope that their creative flair will prevail against the technological clout of consultancies encroaching on their business, but there are signs the two sides of the divide are moving closer together. FILE PHOTO: WPP’s logo hangs on the wall outside the company’s offices in London, Britain April 30, 2018. Read More

VW embarks on $50 billion electrification plan

1 day ago DieselGasoil Comments Off on VW embarks on $50 billion electrification plan
WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) plans to spend 44 billion euros ($50 billion) on electric cars, autonomous driving and new mobility services by 2023 and explore closer cooperation with Ford, the German company said on Friday. FILE PHOTO: Volkswagen e-Golf electric car and charging station are seen during the motor show in Riga, Latvia Read More

Supply glut mars Turing effect for Nvidia shares

1 day ago DieselGasoil Comments Off on Supply glut mars Turing effect for Nvidia shares
(Reuters) – Worries about how fast the computing world will transition to Nvidia Corp’s (NVDA.O) next generation “Turing” graphic chips helped knock 20 percent off the value of its shares on Friday, after results pointed to a huge glut of unsold older generation chips. FILE PHOTO – The logo of technology company Nvidia is seen Read More

Strategic Oil & Gas Ltd. Announces Third Quarter 2018 Financial and Operating Results

1 day ago DieselGasoil Comments Off on Strategic Oil & Gas Ltd. Announces Third Quarter 2018 Financial and Operating Results
CALGARY, Alberta, Nov. 16, 2018 (GLOBE NEWSWIRE) — Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV: SOG) is pleased to report financial and operating results for the three and nine months ended September 30, 2018. Detailed results and additional information are presented in Strategic’s interim condensed consolidated financial statements and related Management’s Discussion Read More

Philippines suspends fuel excise tax hike on oil products for 2019: local news

2 days ago DieselGasoil Comments Off on Philippines suspends fuel excise tax hike on oil products for 2019: local news
Singapore — Philippines will halt the second round of excise fuel tax on refined products, which was due to come into effect January 1, 2019 after President Duterte formally approved the suspension, in a bid to grapple with high inflation, local media reported on Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Helmerich & Payne, Inc. Announces Fourth Quarter & Fiscal Year End Results

2 days ago DieselGasoil Comments Off on Helmerich & Payne, Inc. Announces Fourth Quarter & Fiscal Year End Results
Quarterly U.S. Land revenue days (activity) increased approximately 6% H&P’s spot pricing in the U.S. land market increased by approximately 25% during fiscal 2018; roughly 5% during the fourth fiscal quarter Quarterly U.S. Land adjusted average rig revenue increased by more than $900(1) per day, up 4% sequentially H&P upgraded/converted 54 FlexRigs® to super-spec(2) capacity Read More

Offshore reserves could provide $1.6 billion in tax revenues for South Carolina

2 days ago DieselGasoil Comments Off on Offshore reserves could provide $1.6 billion in tax revenues for South Carolina
11/15/2018 COLUMBIA, S.C. — The South Carolina Petroleum Council has released a new study showing that South Carolina’s economy could benefit from nearly $1.6 billion in tax revenues as a result of offshore leasing in the Atlantic Outer Continental Shelf (OCS). “This new study on the tax generating benefits of offshore activity underscores the fact Read More

Amazon to get billions in breaks for HQ2 development

2 days ago DieselGasoil Comments Off on Amazon to get billions in breaks for HQ2 development
(Reuters) – Amazon.com Inc (AMZN.O) said on Tuesday it had split its $5 billion second headquarters into two projects that would be located in the Long Island City neighborhood of New York City’s Queens borough and a Northern Virginia suburb of Washington, DC. FILE PHOTO: The logo of the web service Amazon is pictured in Read More

James Baker named global co-head of Piper Jaffray

2 days ago DieselGasoil Comments Off on James Baker named global co-head of Piper Jaffray
11/15/2018 MINNEAPOLIS– Piper Jaffray Companies, a leading investment bank and asset management firm, has named James Baker as global co-head of investment banking and capital markets, effective January 1, 2019. Baker will co-lead the group alongside Scott LaRue who has served as global co-head of investment banking and capital markets since 2010. Baker will also Read More