Search Results for: Eni

DSV Acquires Schenker in €14.3 Billion Deal, Strengthening Global Logistics Network

(IN BRIEF) DSV has agreed to acquire Schenker, Deutsche Bahn’s logistics subsidiary, for €14.3 billion, marking its largest acquisition to date. The combined company will have a presence in over 90 countries, with a workforce of 147,000 and pro forma … Read the full press release

Siemens Partners with DMG MORI and Renishaw to Boost Digital Transformation with Scalable Machine Tool Solutions

(IN BRIEF) Siemens has partnered with DMG MORI and Renishaw to enhance its Siemens Xcelerator platform, offering new scalable solutions for machine tools. Renishaw’s tool condition monitoring system, combined with Siemens software, automates tool wear detection and improves manufacturing traceability. … Read the full press release

Millbay Docks Welcomes Enhanced Infrastructure as West Wharf Strengthening Project Concludes

(IN BRIEF) Associated British Ports (ABP) has completed the strengthening of the West Wharf at Millbay Docks in Plymouth, a key project funded by the UK Government through the Plymouth and South Devon Freeport seed capital programme. The upgrade, which … Read the full press release

Bechtle Expands with Acquisition of Neu-Ulm IT Firm s.i.g., Strengthening Presence in Key Industrial Region

(IN BRIEF) Bechtle AG has acquired s.i.g. System Informations Gesellschaft mbH, an IT system house based in Neu-Ulm, Germany. The acquisition strengthens Bechtle’s position in the Ulm economic region and enhances its industrial IT capabilities for the manufacturing industry. With … Read the full press release

EIB Grants €50 Million to Upgrade Slovenia’s Electricity Grid, Boosting Renewable Energy and Grid Reliability

(IN BRIEF) The European Investment Bank (EIB) has provided a €50 million loan to Slovenia’s largest energy distribution company, Elektro Ljubljana, to expand and upgrade the electricity grid in the central and southeastern regions of the country. The project, which … Read the full press release

EIB Commemorates 20 Years of Slovenia’s EU Membership with Photo Exhibit Highlighting Key Development Projects

(IN BRIEF) The European Investment Bank (EIB) Group has launched a photo exhibition in Ljubljana to celebrate the 20th anniversary of Slovenia’s membership in the European Union. The exhibition, titled “Slovenia – 20 Years of Progress in the EU,” features … Read the full press release

Eni Gains Approval for Major Gas Projects in Indonesia, Establishing Northern Hub in Kutei Basin

(IN BRIEF) Eni has received approval from Indonesian authorities for the development of the Geng North, Gehem, and Gendalo&Gandang gas fields, which will lead to the creation of a new production hub, the Northern Hub, in the Kutei Basin, East … Read the full press release

Eurojust-Assisted Operation Leads to Capture of Fugitive Italian Crime Boss in Slovenia

(IN BRIEF) Italian and Slovenian authorities, supported by Eurojust, successfully arrested a fugitive Italian crime leader in Koper, Slovenia. The 40-year-old, who had been evading a 21-year prison sentence for various serious crimes including drug trafficking, extortion, and kidnapping, was … Read the full press release

Lindsay Goldberg Acquires Majority Stake in Golden State Foods, Strengthening Strategic Growth

(IN BRIEF) Lindsay Goldberg, a private equity firm specializing in family and founder-led businesses, has acquired a controlling interest in Golden State Foods (GSF), a major supplier in the foodservice and retail industries. The Wetterau family, who have been long-time … Read the full press release

Deforestation Accelerates Climate Change Impact on African Montane Forests, Threatening Water Resources and Biodiversity

(IN BRIEF) A new study highlights the severe impact of deforestation on African montane forests, where the loss of tree cover has led to significant increases in temperature and cloud levels, threatening water resources and biodiversity. The research underscores the … Read the full press release

Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity

(IN BRIEF) The European Union faces a growing challenge in combating disinformation and media manipulation. Citizens and organizations are calling for an expansion of the “right to be forgotten” to include media outlets, holding them accountable for defamatory or misleading … Read the full press release

ETH Zurich Opens New High-Tech Research Facility in Basel, Strengthening Life Sciences Collaboration

(IN BRIEF) ETH Zurich has opened a new research facility on Basel’s Schällemätteli life science campus, housing the Department of Biosystems Science and Engineering. The state-of-the-art building is designed to foster collaboration and innovation in experimental biology, bioinformatics, and bioengineering. … Read the full press release

Nagarro Named Leader in 2024 Life Sciences Digital Services by Everest Group, Strengthening Its Position in Digital Transformation

(IN BRIEF) Nagarro has been recognized as a Leader in the Everest Group’s 2024 Life Sciences Digital Services for Mid-market Enterprises PEAK Matrix® Assessment. This recognition highlights Nagarro’s innovation, client-centric approach, and significant investments in advanced technologies such as AI/ML … Read the full press release

Plenitude to Power Electric Vehicles and Celebrate Youth at La Vuelta 24

(IN BRIEF) Plenitude, a subsidiary of Eni, will sponsor La Vuelta 24 for the third year, providing energy for the race’s electric vehicles and sponsoring the “Maillot Blanco” for the best young cyclist. They will also launch a community-focused initiative, … Read the full press release

African Clean Energy Developments Places 144 MW Wind Turbine Order for Khangela Emoyeni Wind Farm

(IN BRIEF) African Clean Energy Developments (ACED) has placed a 144 MW order with Vestas for the Khangela Emoyeni wind farm in Western Cape, South Africa. This order includes 32 V163-4.5 MW wind turbines and a 10-year service agreement. It … Read the full press release

EQT Acquires Majority Stake in Acronis, Strengthening Partnership for Future Growth

(IN BRIEF) EQT’s EQT X fund will acquire a majority stake in Acronis, a global cyber protection company. Existing investors, including CVC, Springcoast, and BlackRock Private Equity Partners, will retain minority stakes. This partnership aims to support Acronis’ growth and … Read the full press release

Greece Now Magazine: A Luxurious Gateway to Hellenic Excellence in the Arab World

(IN BRIEF) Greece Now, a leading luxury magazine showcasing Greek culture, is featured as an exclusive insert in Harper’s Bazaar Arabia’s 2024 issue. Founded by Vivi Andritsou, Nicholas Papapavasiliou, and Vassilios Nicolaos Vitsilogiannis, Greece Now serves as a cultural bridge … Read the full press release

Plenitude and Ferriera Valsabbia Ink 10-Year Deal for Renewable Wind Energy Supply

(IN BRIEF) Plenitude has signed a 10-year Corporate Power Purchase Agreement (PPA) with Ferriera Valsabbia to supply energy from a 15MW wind farm in Sannicandro di Bari, Italy. Starting in September 2024, the wind farm will generate over 350 GWh … Read the full press release

Eni’s Enilive and Poste Italiane Partner to Supply Biofuels for Ground Vehicles and Aircraft

(IN BRIEF) Enilive, a subsidiary of Eni, has partnered with Poste Italiane to supply biofuels for its ground and air fleets, aiming to accelerate Poste Italiane’s progress toward its 2030 energy transition and carbon neutrality goals. The collaboration involves supplying … Read the full press release

Nearly 100 Armenian Businesses to Benefit from EIB and Evocabank Partnership, Sustaining Around 1,200 Jobs

(IN BRIEF) The European Investment Bank’s (EIB) global arm, EIB Global, has partnered with Evocabank to improve financial access for micro-, small-, and medium-sized enterprises (MSMEs) in Armenia. EIB Global is providing a €12 million loan to Evocabank, which will … Read the full press release

Eni Reports Strong Q2 2024 Growth with Strategic Portfolio Upgrades and Enhanced Shareholder Returns

(IN BRIEF) Eni reported strong growth and strategic progress in Q2 2024, achieving an adjusted net profit of €1.5 billion. Key achievements include a 6% year-on-year increase in oil and gas production, significant portfolio upgrades, and advancements in transition businesses … Read the full press release

PETRONAS, Enilive, and Euglena Finalize Investment for Biorefinery to Boost Sustainable Biofuel Production in Malaysia

(IN BRIEF) PETRONAS, Enilive, and Euglena have made a final investment decision to develop a biorefinery at PETRONAS’ Pengerang Integrated Complex in Johor, Malaysia. Set to be operational by the second half of 2028, the biorefinery will produce Sustainable Aviation … Read the full press release

NIRAS Achieves Top Technical Score for EU’s SEA 2023 Lot 2, Strengthening Commitment to Sustainable Resource Management

(IN BRIEF) NIRAS has secured the highest technical score for Lot 2 under the EU’s SEA 2023 Framework Contracts, potentially increasing their hit ratio to 76%. This lot, valued at EUR 25 million, focuses on sustainable natural resources management, including … Read the full press release

Wood Secures Six-Year Contract for Shell’s Prelude FLNG Facility, Strengthening LNG Engineering Leadership

(IN BRIEF) Wood has secured a six-year contract to provide comprehensive brownfield engineering, procurement, and construction management (EPCm) services for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility in Western Australia. This agreement extends Wood’s longstanding partnership with Shell and … Read the full press release

Thales Alenia Space Advances ASCEND Study for Space-Based Data Centers in European Green Initiative

(IN BRIEF) Thales Alenia Space has announced significant progress in the ASCEND (Advanced Space Cloud for European Net zero emission and Data sovereignty) feasibility study, funded by the European Commission under Horizon Europe. The initiative explores the viability of space-based … Read the full press release

SBTi Launches Validation Council with TÜV Rheinland’s Fallight Xu Appointed as Member, Strengthening Global Climate Accountability

(IN BRIEF) The Science Based Targets initiative (SBTi) has launched its Validation Council to independently oversee target validation decisions globally, ensuring impartiality and expertise in greenhouse gas accounting. Fallight Xu from TÜV Rheinland Greater China has been appointed as a … Read the full press release

Thales Alenia Space Launches ASTRA 1P Satellite to Enhance European Broadcast Capabilities

(IN BRIEF) Thales Alenia Space has successfully launched the ASTRA 1P communications satellite from Cape Canaveral, Florida, using a SpaceX Falcon 9 rocket. Designed on the Spacebus NEO platform with all-electric propulsion, ASTRA 1P aims to deliver high-definition TV content … Read the full press release

Maersk’s Green Methanol Vessel, Astrid Maersk, Arrives in Koper, Slovenia

(IN BRIEF) Maersk’s second large vessel powered by green methanol, Astrid Maersk, arrived at the Port of Koper, Slovenia, marking a significant step in Maersk’s goal to achieve Net-Zero greenhouse gas emissions by 2040. The vessel, part of Maersk’s AE12 … Read the full press release

“Other Side of Hope/9 days” Exhibition and Performance Opening in Paris

(IN BRIEF) A groundbreaking group exhibition curated by Dr. Wumen Ghua is set to open on Thursday, June 20, 2024, coinciding with the summer solstice in the northern hemisphere. Titled “Other Side of Hope/9 days,” the exhibition will take place … Read the full press release

Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group

(IN BRIEF) On June 3, 2024, Digi Communications N.V. announced that it, along with its Romanian subsidiary Digi Romania S.A. and Digi Spain Telecom S.L.U., has finalized a Senior Facility Agreement. This agreement includes a term loan of EUR 150 … Read the full press release

Vossloh Fastening Systems China Co. Ltd. Secures Major Contract for Chinese High-Speed Rail Project

(IN BRIEF) Vossloh, a key player in rail infrastructure solutions, has reinforced its foothold in the Chinese market with a significant contract awarded to its subsidiary, Vossloh Fastening Systems China Co. Ltd. The contract entails supplying rail fastening systems for … Read the full press release

Outokumpu Names Ulla Paajanen as Senior VP of Investor Relations & Strategic Advisory

(IN BRIEF) Outokumpu has appointed Ulla Paajanen as the Senior Vice President of Investor Relations & Strategic Advisory, effective June 3, 2024. With extensive experience in capital markets, particularly within the process industry, Ulla brings a wealth of knowledge in … Read the full press release

EBRD Empowers Local Businesses with Risk Sharing Framework, Boosting Growth in Armenia, Mongolia, and Uzbekistan

(IN BRIEF) At the European Bank for Reconstruction and Development’s (EBRD) 33rd Annual Meeting and Business Forum in Yerevan, the Bank unveiled its latest initiative under the Risk Sharing Framework (RSF) to bolster domestic businesses in Armenia, Mongolia, and Uzbekistan. … Read the full press release

Repsol and Amazon Join Forces for Convenient Returns at Spanish Service Stations

(IN BRIEF) Repsol and Amazon have launched a pioneering returns service in Spain, leveraging Repsol’s extensive service station network. Over 700 Repsol stations already offer customers the convenience of returning Amazon purchases without labels or boxes, with plans for further … Read the full press release

Neste, Marubeni, and Resonac Collaborate for Renewable Olefins Production

(IN BRIEF) Neste, Marubeni Corporation, and Resonac Corporation have formed a partnership to facilitate the production of renewable olefins and derivatives. Through this agreement, Neste’s renewable feedstock, Neste RE™, will be utilized by Resonac at its Oita Complex in Japan, … Read the full press release

Italian and French Navies Test Cyber Resilience in Tyrrhenian Sea

(IN BRIEF) In a groundbreaking exercise conducted during the Mare Aperto 24/Polaris operation, the Italian and French navies assessed the cyber resilience of their platform system networks aboard the Italian Navy’s aircraft carrier Cavour in the Tyrrhenian Sea. Spearheaded by … Read the full press release

Fresenius AGM: Shareholders Overwhelmingly Back #FutureFresenius Agenda

(IN BRIEF) At the Annual General Meeting in Frankfurt am Main, shareholders of Fresenius SE & Co. KGaA overwhelmingly approved proposals from the General Partner and the Supervisory Board. Chairman of the Supervisory Board, Wolfgang Kirsch, commended Fresenius’ resilience amidst … Read the full press release

IFC and Italian Climate Fund Invest $210 Million in Eni’s Kenya Biofuel Expansion

(IN BRIEF) In a joint effort, the International Finance Corporation (IFC) and the Italian Climate Fund have announced a substantial investment of $210 million into Eni S.p.A.’s Kenya subsidiary to bolster the production and processing of advanced biofuels. This investment, … Read the full press release

Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026

(IN BRIEF) The project to revitalize Cuxhaven’s historic “Alter Fischereihafen” (Old Fishing Port) has moved forward with the approval of the first construction phase. This phase involves converting the former fish market and processing halls (Fischhallen V and VI) into … Read the full press release

Outokumpu Ups EBITDA Improvement Goal to €350 Million, Strengthening Market Position

(IN BRIEF) Outokumpu, in a robust advancement of its strategic plan, has increased its EBITDA run-rate improvement target by €150 million to €350 million, aiming to bolster its competitiveness in the stainless steel industry. Achieving its initial target ahead of … Read the full press release