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Interim results for the period ended 31 March 2019

6 hours ago DieselGasoil Comments Off on Interim results for the period ended 31 March 2019
Highlights Gross contract earnings backlog1 increased from $7.3 billion to $10.3 billion. Golar’s (“Golar” or “the Company”) total operating revenues decreased from $181.9 million in 4Q 2018 to $114.3 million in 1Q 2019. Adjusted EBITDA1decreased from $121.2 million in 4Q 2018 to $62.9 million in 1Q 2019. After recognition of $28.4 million of unrealized Brent oil Read More

Global stocks gain as U.S. eases Huawei restrictions

13 hours ago DieselGasoil Comments Off on Global stocks gain as U.S. eases Huawei restrictions
LONDON (Reuters) – Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville In Europe, the Read More

Huawei’s 5G ‘will absolutely not be affected’ by US blacklist, founder says

18 hours ago DieselGasoil Comments Off on Huawei’s 5G ‘will absolutely not be affected’ by US blacklist, founder says
Huawei isn’t going away just because the US government has tried to ban it from its markets, company founder Ren Zhengfei has said, declaring that the Trump administration “underestimates our strength.” “Huawei’s 5G will absolutely not be affected” by the Commerce Department’s ban on selling or transferring US technology to the company, Ren told Chinese Read More

Gulfport Energy Corporation Selects Patrick K. Craine as General Counsel and Corporate Secretary

1 day ago DieselGasoil Comments Off on Gulfport Energy Corporation Selects Patrick K. Craine as General Counsel and Corporate Secretary
OKLAHOMA CITY, May 20, 2019 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) announced today that Patrick K. Craine has joined the Company as General Counsel and Corporate Secretary reporting to David M. Wood, President and Chief Executive Officer. Mr. Craine has over 20 years of extensive senior-level experience handling a Read More

Europe is love, Europe is life: EU Commission takes heat for ‘Orwellian’ tweet ahead of elections

2 days ago DieselGasoil Comments Off on Europe is love, Europe is life: EU Commission takes heat for ‘Orwellian’ tweet ahead of elections
As Europeans prepare to vote in the EU Parliament elections, the European Commission has raised some eyebrows with a tweet extolling the virtues of the union, in true George Orwell style. “The EU is peace. The EU is freedom. The EU is solidarity. The EU is diversity. The EU is human rights. The EU is Read More

Iran wants peace but not ‘afraid’ of war – Revolutionary Guards chief

3 days ago DieselGasoil Comments Off on Iran wants peace but not ‘afraid’ of war – Revolutionary Guards chief
Iran does not want war with the United States, the head of the elite Revolutionary Guards has claimed, adding that Washington lacks the “will” to fight Tehran. “The difference between us and them is that they are afraid of war and don’t have the will for it,” Major General Hossein Salami said, according to the Read More

Saudi Arabia ready to confront Iran with ‘all strength & determination’

3 days ago DieselGasoil Comments Off on Saudi Arabia ready to confront Iran with ‘all strength & determination’
Riyadh will confront Tehran with “all strength and determination,” if need be, the Kingdom’s FM has warned after Crown Prince received a call from Washington in which the sides discussed ways to ensure regional “security.” Tehran seeks to destabilize the entire region, Minister of State for Foreign Affairs Adel al-Jubeir proclaimed at a news conference, demonizing Read More

Orphaned bear cub Aida finds refuge in Bosnian village

5 days ago DieselGasoil Comments Off on Orphaned bear cub Aida finds refuge in Bosnian village
GUNJANI, Bosnia (Reuters) – In a mountain village in Bosnia, the Becars are making friends with a new addition to their family – an orphaned baby bear who fled nearby woods in search of food and shelter. FILE PHOTO: Orphaned baby bear named “Aida” runs in its shelter in Gunjani village near Sarajevo, Bosnia and Read More

Fed needs to let inflation rise above 2%, Kashkari says

5 days ago DieselGasoil Comments Off on Fed needs to let inflation rise above 2%, Kashkari says
SANTA BARBARA, Calif. (Reuters) – Low U.S. inflation expectations are sapping the Federal Reserve’s ability to respond to a future downturn, Minneapolis Fed President Neel Kashkari said Thursday, calling for the Fed to allow inflation to rise above 2% to bring the economy back to full strength. President of the Federal Reserve Bank on Minneapolis Read More

Wall St. gains on earnings boost, strong economic data

5 days ago DieselGasoil Comments Off on Wall St. gains on earnings boost, strong economic data
(Reuters) – U.S. stock indexes rose 1 percent on Monday and were on pace to extend a two-day winning streak, lifted by better-than-expected earnings from Cisco and Walmart, and robust economic data that underscored the strength of the domestic economy. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More