Edition:
United Kingdom

Gary McWilliams

Restart of idled St. Croix oil refinery set for early 2020 after delay

07 Nov 2019

A $1.6 billion plan to refurbish a long-idled Caribbean oil refinery is about 75% complete and could begin delivering fuel supplies early next year, company and government officials said this week.

UBS, Simmons Energy pare bankers as shale M&A slows: sources

21 Oct 2019

NEW YORK/HOUSTON UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Monday, as U.S. dealmaking continues to dry up.

Jefferies cuts energy bankers as M&A slowdown takes toll: sources

27 Sep 2019

HOUSTON/NEW YORK Jefferies Financial Group has laid off 15 people in its energy investment banking team, as the bank reacts to a slowdown of mergers and acquisitions activity among oil and gas companies, sources familiar with the matter said on Friday.

Oil slides as U.S., China add more tariffs in trade war

02 Sep 2019

HOUSTON Oil prices weakened on Monday after new import tariffs imposed by the United States and China came into force, raising concerns about a further hit to global economic growth and demand for crude.

Icahn opposes new directors chosen by Occidental CEO

29 Aug 2019

HOUSTON Activist investor Carl Icahn, who has launched a proxy fight to win seats on Occidental Petroleum's board, said on Wednesday he opposed efforts by the Houston-based company to name new directors without picking from his slate.

Icahn launches proxy fight after stalled talks with Occidental CEO

19 Jul 2019

HOUSTON Activist investor Carl Icahn formally launched on Thursday a proxy fight against Occidental Petroleum to win control of four board seats, a regulatory filing showed, after talks with the oil company's CEO failed to reach an agreement.

Icahn launches proxy fight after stalled talks with Occidental CEO

19 Jul 2019

HOUSTON Activist investor Carl Icahn on Thursday formally launched a proxy fight against Occidental Petroleum to win control of four board seats, according to a regulatory filing, after talks with the oil company's chief executive failed to reach an agreement.

Icahn launches proxy fight after stalled talks with Occidental CEO

19 Jul 2019

HOUSTON, July 18 Activist investor Carl Icahn on Thursday formally launched a proxy fight against Occidental Petroleum to win control of four board seats, according to a regulatory filing, after talks with the oil company's chief executive failed to reach an agreement.

Huawei Technologies loses trade secrets case against U.S. chip designer

27 Jun 2019

A U.S. jury on Wednesday cleared California semiconductor designer CNEX Labs Inc of stealing trade secrets from Chinese electronics giant Huawei Technologies Co Ltd while awarding CNEX no damages on its own trade theft claims.

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