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France urges Germany to act on economy sooner rather later

24 mins ago DieselGasoil Comments Off on France urges Germany to act on economy sooner rather later
PARIS (Reuters) – Germany should act sooner rather than later to revive its flagging economy, France’s finance minister said on Thursday, as he struggled to hide frustration with the pace of Berlin’s efforts to engineer a recovery. French Finance Minister Bruno Le Maire attends a joint news conference after a meeting in Paris, France, September Read More

Give or take allies: US pulls $160mn pledged to Afghanistan, citing widespread corruption

25 mins ago DieselGasoil Comments Off on Give or take allies: US pulls $160mn pledged to Afghanistan, citing widespread corruption
The US will withhold a total of $160 million destined for projects and initiatives in Afghanistan. Washington says the move and timing is totally due to them finding out the cash will be squandered by Kabul. US Secretary of State Mike Pompeo announced on Thursday that $100 million earmarked for an energy project would be Read More

Do you know who owns all the land in Canada? Not its citizens

2 hours ago DieselGasoil Comments Off on Do you know who owns all the land in Canada? Not its citizens
The second largest country in the world by total area, Canada, is one of the most highly urbanized globally. However, none of its citizens have the right to own physical land in the country. Land in Canada is solely owned by Britain’s Queen Elizabeth II, who is also the head of state. Canadian law in Read More

Many wind turbines are slated to come online in the United States in 2019 and 2020

3 hours ago DieselGasoil Comments Off on Many wind turbines are slated to come online in the United States in 2019 and 2020
September 19, 2019 The U.S. Energy Information Administration (EIA) expects that U.S. wind capacity additions in both 2019 and in 2020 will be near the annual record level of additions set in 2012. Wind capacity additions through June 2019 totaled 3.7 gigawatts (GW). According to projects reported to EIA through surveys and on EIA’s Preliminary Read More

Petrofac sells remaining 51% of Mexican operations

3 hours ago DieselGasoil Comments Off on Petrofac sells remaining 51% of Mexican operations
9/19/2019 LONDON – Petrofac has signed an agreement to sell its remaining 51% interest in its operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco International. The terms of the transaction are substantially the same as the sale of a 49% non-controlling interest to Perenco in October 2018. The transaction is subject to regulatory Read More

Kvaerner invests to increase productivity and competitiveness

5 hours ago DieselGasoil Comments Off on Kvaerner invests to increase productivity and competitiveness
Kvaerner is taking new steps to increase competitiveness and position the company for future growth. At the Group’s advanced facilities at Stord, the capacity in the yard area, storage area and offices is expanded. In addition, Kvaerner establishes its own inhouse capacity to supply insulation boxes, which often makes up a significant part of offshore Read More

Airbus to boost cooperation with China, Tianjin to be firm’s manufacturing center in Asia

5 hours ago DieselGasoil Comments Off on Airbus to boost cooperation with China, Tianjin to be firm’s manufacturing center in Asia
Airbus has announced plans to enhance its long-term collaboration with China’s aviation industry, ramping up single-aisle production at its Tianjin final assembly line and forming new ties with Chinese suppliers. The European aircraft manufacturer will begin plans to assemble six A320 planes a month at the Tianjin facility by the year’s end, which is a 50 Read More

Facebook unveils new Portal video chat, TV streaming devices

5 hours ago DieselGasoil Comments Off on Facebook unveils new Portal video chat, TV streaming devices
SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) unveiled new models of its Portal video chatting devices on Wednesday, making the company’s first foray into TV streaming hardware but offering a limited selection of subscription services. The launch comes as Facebook is trying to pivot toward more private forms of communication, after years of slowing user Read More

Factbox: Attacks on Saudi oil units affecting major Asian crude buyers differently

6 hours ago DieselGasoil Comments Off on Factbox: Attacks on Saudi oil units affecting major Asian crude buyers differently
Singapore — The attacks on Saudi Aramco’s oil facilities have exposed Asia’s vulnerabilities in absorbing supply disruptions with purpose-built emergency stocks, which either don’t exist or fall short of global standards. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now While organizations like the International Energy Agency have coordinated strategic Read More

Exxon puts $15 billion of global assets up for sale

6 hours ago DieselGasoil Comments Off on Exxon puts $15 billion of global assets up for sale
By James Thornhill on 9/19/2019 SYDNEY (Bloomberg) –Exxon Mobil Corp. is again trying to sell its oil and gas operations in southeast Australia as part of a move to shed assets and boost shareholder returns. The U.S. supermajor “will be testing market interest” for global assets, including what it operates in Australia, the company said Read More