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Month: August 2020

Salesforce to replace Exxon in Dow Jones Industrial Average index

August 27, 2020
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Salesforce.com Inc, Amgen Inc and Honeywell International Inc will become a part of the blue-chip Dow Jones Industrial Average index .DJIA on Aug. 31, S&P Dow Jones Indices said on Monday. The three companies will replace Exxon Mobil Corp, Pfizer Inc and Raytheon Technologies Corp. The changes follow Apple Inc’s decision to split its stock, which would reduce the

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Equinor cutting jobs in U.S., Canada and UK

August 27, 2020
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Norwegian oil and gas firm Equinor is set to cut jobs significantly in the United States, Canada and Britain to adjust to a fall in oil prices, a company spokesman said on Wednesday. The group plans to cut employee numbers in those countries by about 20% and contractor numbers by around half to ensure profitability at lower oil

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Mozambique and Total Sign Protection Pact for LNG Project

August 26, 2020
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French major Total and Mozambique’s government signed a security pact to ensure safety of the $20 billion Mozambique LNG project being developed in the Cabo Delgado province, north of the country. Over the past few months, a terrorist organization which claims to be affiliated with the Islamic State has been perpetrating attacks in the country. According to Mozambique’s Minister

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Fugro lands 3 long term contracts in Brazil

August 26, 2020
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In partnership with Solstad and Oceanpact, Fugro has been awarded three long-term contracts by Petrobras to provide remotely operated vehicle (ROV) services for a variety of subsea activities in Brazil. All three contracts are for 3-year firm periods with additional 1-year options. Fugro will provide a total of five work class ROVs for these contracts, each outfitted with tooling

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BSEE reports on GOM evacuation progress

August 25, 2020
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Bureau of Safety and Environmental Enforcement (BSEE) Hurricane Response Team continues to monitor Tropical Storm Marco in the Gulf of Mexico and Tropical Storm Laura as it makes its way into the Gulf of Mexico. The Hurricane Response Team is monitoring offshore oil and gas operators in the Gulf as they evacuate platforms and rigs in response

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Guyana re-launches search for company to market government’s crude

August 25, 2020
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Guyana has re-launched a search for a company to market the government’s share of the crude produced at the offshore Liza project, operated by Exxon Mobil Corp , according to a notice published in the South American country’s newspapers. President Irfaan Ali’s government scrapped a previous, similar process initiated by Ali’s predecessor shortly after taking office in August.

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NYSE to delist Valaris stock following Chapter 11 Filing

August 25, 2020
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Valaris plc announced today that on August 19, 2020 it was notified by the New York Stock Exchange (“NYSE”) of its determination to indefinitely suspend trading of the Company’s common stock and to commence proceedings to delist the Company’s common stock from the NYSE. This suspension and delisting by the NYSE is in accordance with Section 802.01D

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