October 2018
![October 2018](/cache/09-18/LETTERONE-7.539ae368.jpg)
2018, October, 1, 11:10:00
WINTERSHALL & LETTERONE MERGER
MEOG - Chemicals company BASF and investment company LetterOne signed a transaction agreement to merge their respective oil and gas businesses in a joint venture, which will operate under the name Wintershall DEA.
![October 2018](/cache/10-18/RENEWABLE-16.fbdb4547.jpg)
2018, October, 1, 11:05:00
WBG RENEWABLE INVESTMENT: $5 BLN
WBG - The $1 billion in World Bank Group financing is expected to mobilize another $4 billion in concessional climate financing and public and private investments. The program aims to finance 17.5 gigawatt hours (GWh) of battery storage by 2025 – more than triple the 4-5 GWh currently installed in all developing countries.
![October 2018](/cache/09-18/AUSTRALIA-42.04fc5c2d.jpg)
2018, October, 1, 11:00:00
AUSTRALIA'S SANTOS: DOUBLE PRODUCTION
REUTERS -India’s annual economic growth surged to a more than two-year high of 8.2 percent in the three months through June, giving Prime Minister Narendra Modi’s government a political boost in the final year of his term before elections.
![October 2018](/cache/10-18/PHILIPPINES-3.2e7090db.jpg)
2018, October, 1, 10:55:00
PHILIPPINES GDP UP BY 6.5%
IMF - Philippines real GDP grew by 6.7 percent in 2017 and by 6.3 percent in the first half of 2018 (y/y) led by strong public investment. Inflation rose to 6.4 percent (y/y) in August 2018, averaging 4.8 percent year to date and above the inflation target band of 2−4 percent, led by adjustments in excise taxes, the rise in global oil prices, the weaker peso, and above-trend growth.
![October 2018](/cache/09-18/RIG-67.37cddffe.jpg)
2018, October, 1, 10:50:00
U.S. RIGS UP 1 TO 1,054
BAKER HUGHES A GE - U.S. Rig Count is down 2 rigs from last week to 1,053, with oil rigs down 1 to 866, gas rigs unchanged at 186, and miscellaneous rigs down 1 to 1. Canada Rig Count is down 29 rigs from last week to 197, with oil rigs down 13 to 135 and gas rigs down 16 to 62.
![October 2018](/cache/10-18/STATOIL-EQUINOR-4.81b93abc.jpg)
2018, March, 16, 10:55:00
STATOIL CHANGES TO EQUINOR
EQUINOR - The board of directors of Statoil proposes to change the name of the company to Equinor. The name change supports the company’s strategy and development as a broad energy company.