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Oil prices fall due to oversupply concerns
2015-05-08 01:00:00| Offshore Technology
Crude oil prices on Friday fell due to fears of surplus of supply globally, despite strong crude imports of China.
Diamond Offshore Drilling to scrap three rigs due to weak demand
2015-05-06 01:00:00| Offshore Technology
Deepwater drilling contractor Diamond Offshore Drilling has announced plans to retire and scrap three out of its eight drilling rigs citing weak demand due to a decline in crude prices globally.
Greenpeace India could close within month due to government crackdown
2015-05-05 16:45:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Greenpeace India will be forced to close within a month with the loss of 340 jobs because of a government crackdown on its funding, the organisations chief has warned. The Indian home ministry froze seven bank accounts connected with the organisation last month, the latest in a series of moves against the NGO since Narendra Modis government came to power. The international group said that if it was forced to close the Indian operation, it would be the first time since it was founded in 1971...
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New era in Arctic Ocean due to climate change
2015-05-05 14:41:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Climate change has led to the Arctic Ocean entering a new era that could have an impact on the regions biodiversity, according to Norwegian scientists. The Norwegian Polar Institute is researching how climate change is impacting the Arctic Ocean. In particular, they will look at how rising temperatures and melting ice is leading to less multi-year ice, which builds up over a number of years, and more young ice. Speaking to the BBC, Jan-Gunnar Winther, said, We have almost no data from the...
UPS Misses Earnings Due to Foreign Exchange Headwinds
2015-05-04 23:22:39| Trucking - Topix.net
United Parcel Service, Inc released first quarter earnings on April 28. The shipping company's report beat the earnings per share estimate but came up short on revenue. UPS posted diluted earnings per share of $1.12, which was above both Schneeberger's estimate of $1.04 and the average consensus of $1.09.
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