Author: PageOne

Total acquires 10% stake in Arctic LNG 2
Energy

Total acquires 10% stake in Arctic LNG 2

Total has acquired a direct working interest of 10% in Arctic LNG 2, a giant liquefied natural gas project lead by Novatek on the Gydan Peninsula in the north of Siberia. Taking account of Total’s approximate 19% stake in Novatek and Novatek’s intention to retain 60% of the project, the […]

US investigates Bitcoin price manipulation
Cryptocurrency Global

US investigates Bitcoin price manipulation

Citing people with the knowledge of the matter, Bloomberg said the US Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. Bloomberg said the investigations are part of the dramatically ratcheting up U.S. scrutiny of red-hot markets that critics […]

Coinbase acquires Paradex
Big Business Cryptocurrency

Coinbase acquires Paradex

One of the largest cryptocurrency exchange in the world, Coinbase said it has acquired Paradex. Coinbase said in a statement that the acquisition of Paradex, a relay platform that will allow our customers to trade hundreds of tokens directly from their wallets. “The move not only reinforces Coinbase’s commitment to […]

Canadian court dismisses fraud case against Chevron
Energy Global

Canadian court dismisses fraud case against Chevron

The Ontario Court of Appeal has upheld a lower Canadian court’s determination that an Ecuadorian judgment against Chevron Corporation cannot be enforced against Chevron Canada Limited, an indirect subsidiary. The Court of Appeal affirmed the judgment dismissing all claims against Chevron Canada Limited holding that it is a separate entity […]

Nigeria’s Forcados pipeline gets back online
Energy

Nigeria’s Forcados pipeline gets back online

Latest reports from Reuters News says Nigeria’s Trans Forcados pipeline has started pumping crude oil in Nigeria’s Niger Delta region. It would be recalled that Royal Dutch Shell’s subsidiary, SPDC and Heritage Oil Limited, the joint operators of the facility had hinted that it did shut down the pipeline after […]

Petrobras cuts diesel price by 10%
Energy

Petrobras cuts diesel price by 10%

Brazil’s Petrobras said it has decreased diesel prices by 10%, equivalent to R$ 0.2335 per liter, the average diesel price sold at its refineries. Petrobras said in a statement that as a result, Petrobras average sale price in refineries and terminals without taxes will be R$ 2.1016 per liter as […]

United Technologies to invest USD15 billion in the U.S
Global

United Technologies to invest USD15 billion in the U.S

United Technologies said it plans to hire 35,000 people and make investments of more than USD15 billion in research and development (R&D) and capital expenditures (CapEx) in the United States over the next five years (2018-2022). With this announcement, the company also launched a dedicated site to highlight its investments […]