(IN BRIEF) Eni, a global energy company, announces the successful acquisition of Chevron interests in the Indonesian Blocks Ganal PSC, Rapak PSC, and Makassar Straits PSC, located in the Kutei Basin, offshore East Kalimantan. Eni already held a 20% interest … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Italy
Tagged acquisition, Chevron, East Kalimantan, energy transition, Eni, Ganal PSC, Gandang gas project, Gendalo, IDD, Indonesia, Indonesia Deepwater Development, Indonesian Blocks, Jangkrik FPU, Kutei Basin, Makassar Straits PSC, Neptune Energy, Rapak PSC
(IN BRIEF) Shell plc’s subsidiary, Shell Upstream Overseas Services (I) Limited (“SUOS”), has agreed to sell its 35% participating interest in Indonesia’s Masela Production Sharing Contract (“Masela PSC”) to PT Pertamina Hulu Energi (“PHE”) and PETRONAS Masela Sdn. Bhd (“PETRONAS … Read the full press release
(IN BRIEF) Škoda Auto has released design sketches showcasing the refreshed front end and all-new headlights of the Škoda Scala compact model and Škoda Kamiq city SUV. The Scala’s reshaped headlights now extend to the grille, featuring distinctive daytime running … Read the full press release
Posted in Automotive, Czech Republic, Marketing, Technology
Tagged lighting system, Matrix lights, Matrix-LED Headlight, ŠKODA, Škoda Kami, ŠKODA SCALA, striking visual impression, SUV
(IN BRIEF) LME Clear has appointed Michael Carty as its new Chief Executive Officer and LME Clear Board Director, effective from October 2, 2023. With extensive experience in financial infrastructure and technology, Michael joins from Euroclear Group, where he held … Read the full press release
Posted in Investment, Management, Metals and Minerals, United Kingdom
Tagged appointment, CEO, David Warren, James Cressy, leadership, LME Clear, LME Group, Michael Carty
(IN BRIEF) The European Investment Bank (EIB) has approved a €575 million loan to support Repsol’s wind and solar PV projects in Spain, with a total capacity of 1.1 GW. The first tranche of €400 million will accelerate the energy … Read the full press release
(IN BRIEF) During the General Shareholders’ Meeting, Repsol’s Chairman, Antonio Brufau, highlighted the company’s commitment to the energy transition and its potential for an “enormous opportunity.” Repsol aims to transform its business with a focus on human, technological, and industrial … Read the full press release
Posted in Business, Energy, Gas & Oil, Spain
Tagged Antonio Brufau, Aránzazu Estefanía, China and Russia, dividend distribution, energy transition, European Energy Transition, Henri Philippe Reichstul, John Robinson West, Josu Jon Imaz, María Teresa García-Milá, Overdependence, Repsol, shareholder remuneration
(IN BRIEF) Lausitz Energie Kraftwerke AG (LEAG), the largest private energy company in eastern Germany, has submitted a permit application for the construction of an innovative Power-to-X plant in Jänschwalde, Lusatia. The plant will store and re-electrify excess renewable energy … Read the full press release
(IN BRIEF) Skanska has secured a contract with Lehigh University to redevelop the Clayton University Center on its campus in Pennsylvania, USA, at a cost of USD 70 million (SEK 730 million). The renovation project involves upgrading various utilities, installing … Read the full press release
Posted in Business, Construction, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged Clayton University Center, Lehigh University, partnership, Skanska
(IN BRIEF) Roche and Alnylam have entered into a partnership to jointly develop and commercialize zilebesiran, an investigational RNAi therapeutic for the treatment of hypertension. Hypertension affects a significant number of adults worldwide and is a major risk factor for … Read the full press release
Posted in Business, Healthcare, Industrial, Management, News, Pharma & Biotech, Science, Switzerland
Tagged Alnylam, Hypertension Treatment, partnership, RNAi Therapy, Roche, Teresa Graham, Yvonne Greenstreet MBChB, zilebesiran
(IN BRIEF) Schneider Electric has announced the opening of applications for the second installment of the Schneider Electric Sustainability Impact Awards. Launched in 2022, these awards recognize the contributions of Schneider’s partner ecosystem in promoting sustainability and digital transformation in … Read the full press release
(IN BRIEF) Ørsted, a leading renewable energy company, has signed an agreement to sell its remaining 25% minority interest in the London Array Offshore Wind Farm in the UK to funds managed by Schroders Greencoat, a specialist asset manager in … Read the full press release
(IN BRIEF) Terna, an Italian company specializing in electricity transmission, is investing more than €19 million in a project to create a new underground cable and overhead power lines in the province of Frosinone. The project, authorized by the Italian … Read the full press release
(IN BRIEF) Lightsource bp has released its 2022 Sustainability Report, detailing the company’s sustainability strategy, progress, and achievements. The report highlights the development of 3GW of solar projects, efforts to achieve biodiversity net gain, updated greenhouse gas emission inventories, and … Read the full press release
(IN BRIEF) Amey Consulting, a prominent UK engineering consultancy, has launched the “ReStart” program to support qualified STEM professionals in re-entering the workforce. The 12-week paid placement opportunity is designed for individuals seeking to restart their careers or transition their … Read the full press release
Posted in Business, Construction, Education, Industrial, Infrastructure & Utilities, Management, News, United Kingdom
Tagged 'ReStart' Program, Amey, Laura Simarro, STEM Professionals, workforce
(IN BRIEF) Vodafone Group Plc has appointed Luka Mucic as the Chief Financial Officer and an Executive Director of Vodafone, effective from 1 September 2023. Luka Mucic’s appointment comes at a crucial time as Vodafone undergoes a transformation, and he … Read the full press release
Posted in Business, Industrial, Management, News, Telecom, United Kingdom
Tagged appointment, Executive Director, Jean-François van Boxmeer, leadership, Luka Mucic, Margherita Della Valle, vodafone
(IN BRIEF) Bentley, as part of its new Advancing Life Chances (ALC) strategy, has launched a community investment programme to support charities and good causes across the UK. Through the Small Grants Programme, Bentley has already donated over 150 grants … Read the full press release
Posted in Automotive, Business, Financial, Management, News, Non Profit, United Kingdom
Tagged Advancing Life Chances, Bentley, investments, Sally Hepton, UK Charities
(IN BRIEF) BASF’s high-performance thermoplastic, Ultrason® P 3010, is being used by milkrite | InterPuls, a leading dairy equipment company, to manufacture durable milk meter sensors. These sensors are used for reliable and accurate milk quality control in the milking … Read the full press release
(IN BRIEF) T-Systems has partnered with IQM Quantum Computers to offer its enterprise customers cloud access to IQM’s quantum systems. This expansion to a “multicloud” quantum landscape allows T-Systems customers to develop and train on IQM’s quantum infrastructure, potentially solving … Read the full press release
(IN BRIEF) Aviva, the leading home insurer in the UK, has entered into an agreement with Barclays UK to acquire its home insurance portfolio, which consists of 350,000 customers. The acquisition will support Aviva’s growth in the retail insurance business … Read the full press release
Posted in Banks, Business, Financial, Insurance, Investment, Management, News, Retail, United Kingdom
Tagged acquisition, Aviva, Barclays Home Insurance, Owen Morris, partnership, Retail Insurance Business
(IN BRIEF) BAE Systems’ Combat Mission Systems (CMS) business released its 2022 Economic Impact Report, revealing a $1.9 billion contribution to the U.S. economy through its ground vehicle and weapon systems network. The company’s 12 sites and partnerships with over … Read the full press release
Posted in Business, Defence, Economy, Financial, Industrial, Management, News, United Kingdom
Tagged Andy Corea, BAE Systems, Ground Vehicle, U.S. Economy, Weapon Systems
(IN BRIEF) Allianz Global Corporate & Specialty (AGCS) and the commercial insurance businesses of local Allianz entities will now trade under the name “Allianz Commercial” as a single go-to-market business. This new global model offers insurance solutions for mid-sized businesses, … Read the full press release
Posted in Business, Financial, Germany, Insurance, Management, News, Small Business
Tagged Allianz, Allianz Commercial, Chris Townsend, Joachim Mueller, partnership, SMEs
(IN BRIEF) The 110th Tour de France concluded with Danish rider Jonas Vingegaard winning the overall title, accompanied by a camouflaged new Superb Combi provided by Škoda Auto. The crystal trophies for the winners were created by Škoda’s design team. … Read the full press release
Posted in Automotive, Business, Czech Republic, Entertainment, Management, Media, News
Tagged 20 Years, Jasper Philipsen, Jonas Vingegaard, Klaus Zellmer, partnership, ŠKODA AUTO, Tour de France
(IN BRIEF) The Joint Initiative on Circular Economy (JICE), led by the European Union’s largest public promotional banks and institutions, has decided to extend its efforts beyond the original time frame of 2023. Launched in 2019, JICE aims to provide … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Investment, Luxembourg, Management, News, United Kingdom
Tagged Beata Daszyńska-Muzyczka, Dario Scannapieco, Dr. Werner Hoyer, Eric Lombard, Joint Initiative on Circular Economy (JICE), José Carlos García de Quevedo, partnership, Stefan Wintels, sustainability, Sustainable Projects EIB
(IN BRIEF) The European Investment Bank (EIB) and Cellnex have signed a €315 million finance contract to support the development of mobile telecoms infrastructure for 5G rollout in Spain, Portugal, France, Italy, and Poland. The loan will unlock a total … Read the full press release
(IN BRIEF) The European Anti-Fraud Office (OLAF) collaborated with Romanian authorities in an operation aimed at combating the illicit traffic of toxic products in Tulcea County, Romania. The joint effort resulted in the seizure of 353 liters of insecticide valued … Read the full press release
(IN BRIEF) Ahlstrom, a global leader in sustainable specialty materials, has received a binding offer from Accursia Capital to acquire its Stenay plant in France. The offer comes after Ahlstrom launched a consultation process with employee representatives to potentially divest … Read the full press release
Posted in Business, Environment, Finland, Infrastructure & Utilities, Investment, Management, News
Tagged Accursia Capital, acquisition, Ahlstrom, partnership, Stenay plant, sustainability
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