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Australia’s oldest LNG ‘allies’ vie in race for gas

Bloomberg After partnering for nearly three decades at Australia’s oldest liquefied natural gas export plant, Woodside Petroleum Ltd. and Chevron Corp. are competing to shape the next phase of the country’s gas development. Both are vying to build a pipeline from hundreds of kilometers offshore that will allow them to develop their own fields, as well as let third parties ...

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Thumbs up to Trump plan to limit China tech deals

Suppose a Chinese electric carmaker wants to win market share by selling cars with the best cutting-edge battery technology. How does it get that technology? It can hire some engineers, build a lab and try to develop it inhouse. It can partner with a university research lab to create it. Or alternatively, it can buy an American company that already ...

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Excavator stocks can’t climb out of hole

Calling the turn in industrial cycles isn’t easy. It looks like investors in the beaten-down machinery sector have decided to stop trying. Wade past the impact of the trade war and its potential collateral damage, and conditions are looking up. US bellwether Caterpillar Inc sounded an optimistic note in results, as did its typically cautious Japanese industrial machinery peers, which ...

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