All things considered, a 10 percent decline in revenue for the second quarter is encouraging, the top executive at oilfield services company Baker Hughes said. Baker Hughes, one of the leading companies servicing the exploration and production side of the industry, reported second quarter revenue at $2.4 billion, down 10 ... Read More »
Crude oil prices searched for momentum in early Thursday trading amid uncertainty about the prospects for major energy market recovery. Goldman Sachs in a research note Thursday said there were tit-for-tat forces ranging from a slowdown in North American oil to higher production in Iran that made for an uncertain ... Read More »
Through his programme Mann Ki Baat, Prime Minister Narendra Modi apprised the nation of a new government scheme–Pradhan Mantri Surakshit Matritva Abhiyan– aimed to curb India’s worrying maternal mortality rates. The prime minister said that though India’s maternal mortality rate was declining, there were still many pregnant women whose lives could not be ... Read More »
North American energy giant ConocoPhillips said second quarter production was lower in part because of the impact of wildfires this year in Canada. Conoco said it recorded a net loss of $1.1 billion for the second quarter, compared with a loss of just $179 million one year ago. It’s the ... Read More »
The Chinese government issued nationwide ride-hailing regulations that will allow companies that include Uber and its Chinese counterpart Didi Chuxing to legally operate in the country. The new rules, which will take effect Nov. 1, require that companies and their drivers apply for and receive licenses through the government. The ... Read More »
Maharashtra chief of Samajwadi Party, Abu Azmi said a law along the lines of the SC and ST (Prevention of Atrocities) Act should be enacted for Muslims to protect them from “particular section” of society. “On the lines of the Prevention of Atrocities Act, a similar law should also be ... Read More »
Software and tech giant Oracle has reached an agreement to purchase cloud computing firm NetSuite for more than $9 billion, the companies said Thursday. The deal for NetSuite, one of the first U.S. cloud computing firms, was valued at $109 per share and $9.3 billion. “Oracle and NetSuite cloud applications ... Read More »
Even as the death toll in the current wave of devastating floods in Assam claimed 26 lives and affected 37 lakh people in the state, union home minister Rajnath Singhon Saturday in Guwahati called for finding long-term solutions to tackle the recurring problem. “Short-term measures are temporary. What we require ... Read More »
Across the U.S., Western Europe, and even in parts of Asia, coal is in secular decline. There will be very few coal power plants built in many western countries in the coming years if environmentalists have their way, and the superior economics of natural gas are piling on even more ... Read More »
Minister of State for External Affairs V K Singh will leave for Saudi Arabia soon to assess the severity of the food crisis faced by nearly 10,000 Indians rendered jobless and will explore their possible return, with Saudi authorities assuring assistance. Singh will travel to the Gulf nation in the ... Read More »
Former Fox News Channel personality Gretchen Carlson said she feels vindicated and satisfied with the removal of network CEO Roger Ailes, in what was a major media shakeup this month that followed claims of sexual harassment against the news boss. Carlson, the former host of FNC’s The Real Story and ... Read More »
DNO, a Norwegian oil and gas company with strong Iraqi assets, said Friday it made a $300 million bid for Gulf Keystone Petroleum, which is restructuring debt. DNO said it was offering 40 percent of the full offer in cash, which it said would give investors in Gulf Keystone Petroleum ... Read More »
