newszine

GulfDrill JV inks $656 million jackup contract with Qatar Petroleum

23 hours ago DieselGasoil Comments Off on GulfDrill JV inks $656 million jackup contract with Qatar Petroleum
8/16/2019 HAMILTON, BERMUDA – Seadrill and Gulf Drilling International have entered into a 50:50 joint venture, GulfDrill, which will initially manage and operate five premium jackups in Qatar with Qatar Petroleum commencing throughout 2020. Seadrill West Telesto The five firm, well-based contracts will have staggered commencements throughout 2020 with initial terms concluding in 2023 & Read More

Refinery news roundup: Minor works at Russian refineries, Antipinsky back

1 day ago DieselGasoil Comments Off on Refinery news roundup: Minor works at Russian refineries, Antipinsky back
London — Only minor works were heard at Russian refineries before the start of the autumn refinery turnaround season in October. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Meanwhile, the Antipinsky refinery resumed operations on July 18, Sberbank said in a statement. Socar Energoresurs, a joint venture between Read More

Refinery news roundup: Africa launches come into focus

1 day ago DieselGasoil Comments Off on Refinery news roundup: Africa launches come into focus
London — News has emerged about new launches in Africa. Separately, Engen’s refinery in Durban is facing “some challenges” in production and hence will not be able offer bunker fuel in the spot market until the end of September, sources said. The refinery was “highly unlikely” to resume offering until the end of September, which Read More

Invesco thrives in China as former executive Ross leads Trump’s trade war

1 day ago DieselGasoil Comments Off on Invesco thrives in China as former executive Ross leads Trump’s trade war
BOSTON (Reuters) – The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing tariffs in America’s deepening trade war. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross speaks during a 17th Latin American Leadership Forum in Brasilia, Brazil August 1, 2019. Read More

STAR Market tech board offers hope to Chinese venture capitalists

1 day ago DieselGasoil Comments Off on STAR Market tech board offers hope to Chinese venture capitalists
SHANGHAI/HONG KONG (Reuters) – When Chinese venture capital firm New Vision Capital invested in two startups focusing on cloud computing and micro-optics, the plan was to eventually take them public on the Nasdaq exchange. FILE PHOTO – A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the Read More

Ackman eyes more gains for his fund with help of Berkshire, others

2 days ago DieselGasoil Comments Off on Ackman eyes more gains for his fund with help of Berkshire, others
BOSTON (Reuters) – Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering “high, long-term” returns, and he expects that a newly disclosed stake in Berkshire Hathaway Inc (BRKa.N) will help boost gains. FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, Read More

Marksmen Announces Final Closing of Private Placement

2 days ago DieselGasoil Comments Off on Marksmen Announces Final Closing of Private Placement
CALGARY, Alberta, Aug. 15, 2019 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) announces that it has completed the second and final closing (“Second Tranche”) of its previously announced non-brokered private placement of units (the “Units”) of Marksmen at a price of $0.05 per Unit (the “Offering”). The Company issued 1,280,000 Units under Read More

GE shares fall on Madoff whistleblower calling its finances a fraud

2 days ago DieselGasoil Comments Off on GE shares fall on Madoff whistleblower calling its finances a fraud
(Reuters) – General Electric Co (GE.N) shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE’s new CEO. Chief Executive Officer Larry Culp said Markopolos’ 175-page report contained factual errors Read More

US set to sanction Rosneft oil, fuel trade with PDVSA: senior Trump administration official

2 days ago DieselGasoil Comments Off on US set to sanction Rosneft oil, fuel trade with PDVSA: senior Trump administration official
Highlights Official ends speculation that Rosneft, PDVSA could continue debt trades US looking at trading patterns as basis for future sanctions PDVSA planned to ship 125,800 b/d to Rosneft in August Washington — The US is set to impose sanctions on Rosneft if it continues to trade crude oil and fuel with Venezuela’s PDVSA in Read More

GE shares fall on report alleging its finances are worse than disclosed

2 days ago DieselGasoil Comments Off on GE shares fall on report alleging its finances are worse than disclosed
(Reuters) – General Electric (GE.N) shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems. In a 175-page report, Markopolos accused GE of hiding $38 billion in potential losses and asserted that the company’s cash and Read More