Oil Finishes Higher

Oil Finishes Higher

The rally in oil heightened on Tuesday after an unexpected weakening in the dollar offset bearish supply data, lifting Brent crude to a one-week peak and the market overall by 2%. Brent and U.S. West Texas Intermediate (WTI) crude have added more than 4% each since their last lower close on June 21, when they hit multi-month lows on depressing oil market data. The dollar tumbled to a 10-month low […]

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General Electric Unit Forms Additive Manufacturing Collaboration

General Electric Unit Forms Additive Manufacturing Collaboration

General Electric’s Germany-based Concept Laser business has signed a letter of intent with the LAUAK Group, an aeronautical company in France, to work together to advance additive manufacturing in the aerospace industry. As agreed, LAUAK will invest in Concept Laser additive machines as a reference customer for Concept Laser technology. Also, Concept Laser will work closely with LAUAK to implement additive processes and design new products. Financial terms were not […]

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Hess Outlines Development Plans

Hess Outlines Development Plans

Hess Corporation shares were up nearly 4% pre-market Friday after it said it has sanctioned the first phase of development of the Liza field, one of largest oil discoveries of the past decade, located on the Stabroek Block offshore Guyana. Hess also reported positive results from the Liza-4 well, which encountered more than 197 feet of high-quality, oil-bearing sandstone reservoirs and will underpin a potential Liza Phase 2 development. Hess […]

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Gulf Resources Executives Sell Shares

Gulf Resources Executives Sell Shares

Gulf Resources, a manufacturer of bromine, crude salt and specialty chemical products in China, said on Friday three of its executives sold shares that they had deposited at AST Investor Services, which ceased its broker-dealer operations as of June 15. Due to the short timeframe between the notification and the closure of the brokerage, some the company’s executives who had accounts at ASTIS were unable to find a new brokerage […]

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NetApp Expands Collaboration With Microsoft

NetApp Expands Collaboration With Microsoft

NetApp said Wednesday it plans to expand its collaboration with Microsoft (MSFT) to include hybrid cloud data services, built on its ONTAP software, that will deliver enterprise-grade data visibility and insights, data access and control, and data protection and security for customers moving to Microsoft Azure. Collaboration areas include developing new cloud data services that will be offered on the Azure cloud; engineering collaboration to deliver a solution architecture that […]

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