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Superior Energy Services Announces First Quarter 2019 Results

2 days ago DieselGasoil Comments Off on Superior Energy Services Announces First Quarter 2019 Results
HOUSTON, April 23, 2019 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) today announced a net loss from continuing operations for the first quarter of 2019 of $47.7 million, or $0.31 per share, on revenue of $467.2 million.  This compares to a net loss from continuing operations of $750.2 million, or $4.85 per share, Read More

Range Announces First Quarter 2019 Financial Results

3 days ago DieselGasoil Comments Off on Range Announces First Quarter 2019 Financial Results
FORT WORTH, Texas, April 22, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2019 financial results.  Highlights – GAAP cash flow provided from operating activities of $261 million, and non-GAAP cash flow of $269 million GAAP net income of $1.4 million ($0.01 per diluted share), and non-GAAP net income Read More

Laredo Petroleum Schedules First-Quarter 2019 Earnings Conference Call for May 2 and Provides Commodity Derivatives Update

1 week ago DieselGasoil Comments Off on Laredo Petroleum Schedules First-Quarter 2019 Earnings Conference Call for May 2 and Provides Commodity Derivatives Update
TULSA, OK, April 16, 2019 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) will host a conference call on Thursday, May 2, 2019 to discuss its first-quarter 2019 financial and operating results. The Company also announces preliminary results for its commodity derivatives for first-quarter 2019 and its basic and diluted weighted-average Read More

How flawed software, high speed, other factors doomed an Ethiopian Airlines 737 MAX

2 weeks ago DieselGasoil Comments Off on How flawed software, high speed, other factors doomed an Ethiopian Airlines 737 MAX
FILE PHOTO: Ethiopian police officers walk past the debris of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, near Addis Ababa, Ethiopia March 12, 2019. REUTERS/Baz Ratner/File Photo PARIS/SEATTLE/SINGAPORE (Reuters) – Minutes after take-off, the pilots of an Ethiopian Airlines 737 MAX were caught in a bad situation. As soon Read More

Oil gains up to 2% to five-month high as Libyan output threatened

2 weeks ago DieselGasoil Comments Off on Oil gains up to 2% to five-month high as Libyan output threatened
NEW YORK (Reuters) – Oil prices rose up to 2 percent on Monday, hitting five-month highs on expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela. FILE PHOTO: Storage tanks are seen at Ecopetrol’s Castilla oil rig platform, in Castilla La Nueva, Colombia June Read More

As worries about populism in Europe rise, investors bet on stock market volatility

1 month ago DieselGasoil Comments Off on As worries about populism in Europe rise, investors bet on stock market volatility
LONDON (Reuters) – Investors are betting on heightened political uncertainty and greater volatility in European stock markets ahead of European Parliament elections in May amid growing concerns about rising populism. FILE PHOTO: A trader works at his desk at the stock exchange in Frankfurt, Germany, January 21, 2016. REUTERS/Kai Pfaffenbach In one of the first Read More

Short & distort? The ugly war between CEOs and activist critics

1 month ago DieselGasoil Comments Off on Short & distort? The ugly war between CEOs and activist critics
NEW YORK (Reuters) – On the morning of July 11, Paul Pittman was on a corn farm in Western Illinois, unaware his company had taken a devastating hit. Joshua Mitts, Associate Professor of Law at Columbia University in New York City, is seen in this undated photo released from New York, NY, U.S., March 8, Read More

China's premier says ready to use more policy tools to help economy

1 month ago DieselGasoil Comments Off on China's premier says ready to use more policy tools to help economy
BEIJING (Reuters) – The Chinese government has additional monetary policy measures that it can take to support economic growth this year, and will even cut “its own flesh” to help finance large-scale tax cuts, Premier Li Keqiang said on Friday. Chinese Premier Li Keqiang speaks at a news conference following the closing session of the Read More

EPA unveils plan to allow sales of higher-ethanol gasoline

1 month ago DieselGasoil Comments Off on EPA unveils plan to allow sales of higher-ethanol gasoline
(Reuters) – The U.S. Environmental Protection Agency on Tuesday released its proposed rule ending the summertime ban of higher-ethanol blends of gasoline, a move requested by President Donald Trump to help corn growers that supply the raw material for the biofuel. U.S. Environmental Protection Agency Administrator Andrew Wheeler speaks at a media briefing at CERAWeek Read More

Worried about next downturn? U.S. credit funds may offer early clues

1 month ago DieselGasoil Comments Off on Worried about next downturn? U.S. credit funds may offer early clues
NEW YORK (Reuters) – It seemed like an opportunity a lender would not want to miss. FILE PHOTO: An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham The loan paid 10.25 percent interest which would go up if a benchmark rose. The borrower was Trident Read More