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US LNG Producers Fear Further Price Drops From US-China Trade Deal
2020-01-31 11:20:00| OGI
China has restarted talks with U.S. LNG marketers to buy more LNG, several industry executives told Reuters, but they are worried that any purchases may come too late to keep natural gas prices from falling further due to a glut of global supply. China pledged this month to buy an additional $18.5 billion in U.S. energy products this year, but the U.S.-China trade agreement left tariffs in place, including a 25% levy on LNG imports that puts U.S. LNG at a disadvantage, producers said. "The U.S. doesn't have a margin that would allow any country to charge 25%" above global prices, said Michael Smith, CEO of Freeport LNG, referring to the tariff. Until that tax is removed, "it's a non-starter," he said.
Aston Martin: F1 billionaire owner leads rescue deal
2020-01-31 09:22:32| BBC News | Business | UK Edition
Racing Point F1 team co-owner Lawrence Stroll's consortium will inject emergency cash into the carmaker.
Cold Bore Closes SmartPAD Tech Deal With Two New Permian Fracking Operators
2020-01-30 15:05:10| OGI
The contracts represent the latest in a growing number of SmartPAD installations with major operators across North American fields over the past 12 months.
Tags: tech
deal
cold
operators
JBS to supply China with up to $717 million per year in deal with WH Group
2020-01-28 10:10:00| ThePigSite - Industry News
According to reporting from Reuters, Brazil meat packer JBS SA said on 27 January that it had signed a memorandum of understanding with Hong Kongs WH Group to supply up to 3 billion reais ($717.26 mi
Airbus reaches deal to settle corruption probe
2020-01-28 08:30:04| BBC News | Business | UK Edition
Reports say the aircraft maker could end up paying fines of more than 2.5bn.
Tags: deal
probe
reaches
settle
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