US News

NASDAQ may temporarily halt trading in the company’s stock GT Advanced Technologies Inc., (Nasdaq:GTAT), announced today that it had, together with certain of its direct and indirect subsidiaries (collectively, GT), commenced voluntary cases under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Hampshire. The company expects […]

Will it lead to US Navak contract? Northrop Grumman Corporation (NYSE:NOC), in support of U.S. Naval Forces Central Command in Manama, Bahrain, announced the successful demonstration of an unmanned mine-hunting mission. In the demonstration, the Mine Hunting Unmanned Surface Vehicle (MHU) was used in tandem with Northrop Grumman’s AQS-24A Mine Detecting Sensor System in the […]

Oman’s Abraj Energy Service awarded more than $330m in contracts BP Oman has announced the award of two long term drilling contracts for the Khazzan project in Block 61. KCA Deutag has been awarded more than $400 million contracts for the construction and operation of five new build land rigs for Khazzan. The rigs are […]

I thought seriously about writing this article on Sunday, but, although the “news” was coming from usually reliable sources, it was, nonetheless, still speculation. By the time that I sat down at my computer this morning, however, what was speculation yesterday had become reality. Hewlett-Packard (NYSE:HPQ) officially announced this morning that plans to divide itself […]

I’ll admit it right from the start. I found a way to use “Obama” in the headline to grab your attention. But, just because I used a cheap, journalistic trick doesn’t mean that you shouldn’t keep reading. There is something very dangerous going on in the White House and at the Federal Reserve (not to […]

Also issues Interim Results Northcote (LSE:NCT) has released interim results for the six month period ended 30 June 2014. Overview: · Solid progress made to increase current and long term production profile across US onshore oil and gas portfolio – currently 190.9 BOEPD · Acquisition of Shoats Creek project, completed August 2014 – workovers completed […]

Production Update for Shoats Creek Field, Louisiana North American Petroleum has issued a production update for the recently acquired 1,670 gross acre Shoats Creek Project, in Louisiana. NAP holds a 35%/26.25% working/net revenue interest in Shoats Creek alongside Northcote Energy (35% WI), and Springer Oil & Gas (30% WI). * Excellent initial gross flow rates […]

The Gulf Keystone Petroleum share price (LSE:GKP) rose by 3.2% today to 64.25 following publication of a Production and Sales Update relative to its work in the Shaikan oil field in Kurdistan. Gulf Keystone would not be considered a major oil company by any standard. It employs only about 600 people. It has a current […]

Shares of eBay (NASDAQ:EBAY) opened at 56.66 today, up 7.6% from yesterday’s close at 52.66, reaching a high of 59.20 before mid-morning, itself an increase of 12.4%. The stimulus for this surge was, clearly, the announcement that eBay and PayPal plan to split into independently publicly traded companies in 2015. The report says that the […]

$16 Million Contract for PMO Services from U.S. Federal Transit Administration Hill International (NYSE:HIL), a construction risk manager, announced today that it has received a contract from the U.S. Federal Transit Administration to provide project management oversight (PMO) services on major transit capital projects nationwide. The five-year contract has an anticipated value to Hill of...