Daqo New Energy Corp., a leading polysilicon manufacturer based in China, has announced the change in its management. The Top changes are Ming Yang as Chief Financial Officer and Shihua Su as Chief Marketing Officer. Mr. Yang holds an MBA degree from Cornell University with concentration in finance and strategy. He also holds a bachelor’s […]
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Shell Midstream Partners has acquired a 36% equity interest in the Poseidon Oil Pipeline Co. The Deal accounts for $350 million from Equilon Enterprises LLC, a subsidiary of Shell Oil Products US. The acquisition was funded with borrowings under Shell Midstream Partners’ revolving credit facilities. Shell has also increased its total borrowing capacity to $500 Million
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Cenovus Energy Inc., has announced sales of its subsiduary named Heritage Royalty Limited Partnership., to Ontario Teachers’ Pension Plan. The Cost of the Deal was gross cash proceeds of approximately $3.3 billion. Cenovus’s decision to sell HRP to Teachers’ is the outcome of a rigorous marketing process that attracted significant interest. View the full release here.
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Cheniere Energy Inc, has been granted the approval for the LNG project in Sabine pass Expansion project. The U.S. Energy Department agreed to let Cheniere ship supercooled gas produced by the two additional production facilities to countries with which the U.S. does not have free trade agreements. The Project will boost firms LNG output by
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Margins and revenues of the biggest oil services companies such as Schlumberger , Halliburton, Baker Hughes and Weatherford continues to worsen as their Offshore drilling projects are still in heavy down turn. North America may experience a rise over the next 1 or half year but margins and revenues risk remains there. View the full release
News: Drilling Woes Continues for Giants $SLB Read More »
