MOSCOW, March 29 — The head of Russian oil company Rosneft told the president that investments for the year will be 30 percent higher despite the pressure from low oil prices. Russian President Vladimir Putin met in Moscow with Igor Sechin, the director of state-controlled oil company Rosneft, to review ... Read More »
OSLO, Norway, March 29 —Norwegian oil services company Aker Solutions said it secured a deal to help British energy company BP advance its global oil and natural gas portfolio. Aker said BP handed a five-year fixed contract over to cover subsea services for the British company’s global holdings in offshore ... Read More »
LONDON, March 29 — Chinese proclamations on coal consumption and the corresponding decline in carbon emissions may be off the mark, a journal study found. A recent report from the Brookings Institution stated coal use in China may have peaked and is starting to slow down as the country shifts ... Read More »
DALLAS, March 29 —Construction tied to the natural gas and renewable energy sectors helped add to contract values in Texas, a report from the Dallas Federal Reserve found. A report last week from the bank suggested the oil-rich economy in Texas was facing headwinds because of pressure from lower crude ... Read More »
WASHINGTON, March 29 — With seismic testing tied to the oil and gas sector continuing in the Atlantic, an advocacy group called on Washington to make good on clean-energy pledges. The U.S. Bureau of Ocean Energy Management announced consent for the first-everwind energy research facility offshore Virginia this week. The ... Read More »
NEW YORK, March 29 — Concerns about U.S. monetary policy moves and ongoing supply-side strains sent crude oil prices plummeting in early trading Tuesday. Industry data show U.S. stockpiles of crude oil remain at 80-year highs despite signs of a slowdown in domestic crude oil production. A recent drilling survey ... Read More »
WASHINGTON, March 29 — Two U.S. Defense contractors are settling allegations of selling defective counter-measure flares to the U.S. Army in violation of the False Claims Act. The U.S. Justice Department identified the companies as the Kilgore Flares Company of Tennessee and the ESM Group of New York. The two ... Read More »
LONDON, March 29 — Britain’s Ministry of Defense has committed more than $527 million for four contracts for continued in-service support of Hawk training aircraft. The fleet of Hawk TMk1 and TMk2 aircraft made by BAE Systems are used by Royal Air Force and Royal Navy for military flying training ... Read More »
ARLINGTON, Va., March 29 —Geospatial analytic support services are to be provided to the U.S. Special Operations Command by CACI International. The contract issued to the company has a one-year base performance period with four one-year options. The prime contract carries a total value of $180 million. “CACI has a ... Read More »
U.S. economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce an inventory overhang. Gross domestic product increased at a 1.4 percent annual rate instead of the previously reported 1.0 percent pace, ... Read More »
People already read James Patterson’s books — and in staggering numbers. Last year, he and his team of writers had 36 books land on the New York Times best-seller list. To date, he has published 156 books that have sold more than 325 million copies worldwide. But Mr. Patterson is ... Read More »
Goldman Sachs Group Inc (GS.N) received permission on Monday to complete its $17 billion acquisition of GE Capital Bank’s U.S. online deposits. The deal, which was approved by the Federal Reserve, had been pending since August 2015. Goldman would control around $95 billion in deposits through its GS Bank unit ... Read More »
