Category Archives: Management

Management Press Releases & News distributed via EuropaWire

TotalEnergies to Sell West of Shetland Assets to The Prax Group in Strategic Portfolio Realignment

(IN BRIEF) TotalEnergies has agreed to sell its entire stake in West of Shetland assets, including several fields and the Shetland Gas Plant, to The Prax Group. This transaction, pending regulatory approval, is part of TotalEnergies’ strategy to divest mature … Read the full press release

Portgás Proposes €128 Million Investment Plan for Gas Network Expansion and Decarbonisation

(IN BRIEF) Portgás, a subsidiary of REN – Redes Energéticas Nacionais, has announced a comprehensive investment plan totaling €128 million aimed at expanding its natural gas distribution networks and promoting decarbonisation initiatives. The plan, outlined in the Natural Gas Distribution … Read the full press release

Saab Secures SEK 2.6 Billion Contract for Third GlobalEye Aircraft with Swedish Defence

(IN BRIEF) Saab has finalized a contract with the Swedish Defence Materiel Administration (FMV) for the delivery of a third GlobalEye airborne early warning and control aircraft, valued at approximately SEK 2.6 billion. This agreement, extending from 2024 to 2029, … Read the full press release

Nokia Plans EUR 350 Million Sale of ASN Submarine Networks Business to French State

(IN BRIEF) Nokia has entered into an agreement to sell its Alcatel Submarine Networks (ASN) business to the French State’s Agence des participations de l’Etat (APE) for EUR 350 million. This strategic move aims to streamline Nokia’s Network Infrastructure portfolio, … Read the full press release

Holcim Expands Global AI Integration Across 100+ Plants to Enhance Operational Efficiency

(IN BRIEF) Holcim is accelerating its adoption of Artificial Intelligence (AI) across its global manufacturing network, with plans to implement AI at over 100 plants worldwide by 2028. Already operational at 45 sites to predict and prevent failures, Holcim aims … Read the full press release

Neste and Partners Introduce Neste MY Renewable Diesel™ for Sustainable River Cruises in the Netherlands

(IN BRIEF) Neste, in collaboration with OK Slurink and Scylla, has launched an initiative to enhance sustainability in the river cruise industry in the Netherlands. Since February 2024, OK Slurink has been supplying Neste MY Renewable Diesel™ to Scylla’s fleet … 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

EIB and Cepsa Partner on €285 Million Biofuels Plant to Boost Energy Security and Decarbonisation

(IN BRIEF) The European Investment Bank (EIB) has allocated a €285 million loan to Cepsa for the development of an advanced biofuels plant in Andalusia, Spain, adjacent to the La Rábida Energy Park. In partnership with Bio-Oils, the facility will … Read the full press release

Banca Transilvania Partners with EIB Group for Landmark RON 2 Billion Securitisation to Boost SME Financing and Sustainability

(IN BRIEF) Banca Transilvania has entered into a significant synthetic securitisation transaction worth RON 2 billion (€400 million), supported by the European Investment Fund (EIF) and the European Investment Bank (EIB). This transaction will reduce credit risk and release capital … Read the full press release

Wood to Redevelop UK’s Rough Field for Hydrogen Storage, Eyes Global Leadership

(IN BRIEF) Wood has been awarded a contract by Centrica Energy Storage (CES) to redevelop the UK’s Rough field in the Southern North Sea for hydrogen storage. This project aims to repurpose the long-standing natural gas storage facility to potentially … Read the full press release

KUKA and Swisslog Showcase AI Advancements in Robotics and Logistics, Addressing Challenges in Automation

(IN BRIEF) KUKA and Swisslog recently highlighted advancements in AI integration for robotics and logistics during a virtual press conference. KUKA showcased an AI chatbot simplifying robot programming through voice commands, while Swisslog presented ItemPiQ, an AI-driven robot enhancing product … 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

EY Reports Global IPO Decline in H1 2024, Highlighting Regional Disparities with Americas and EMEIA Growth as Asia-Pacific Falters

(IN BRIEF) Global IPO activity in the first half of 2024 saw a decline, with 551 listings raising US$52.2 billion, marking a 12% decrease in volume and a 16% drop in proceeds year-on-year. While industrials led in number of IPOs … Read the full press release

Iberdrola Earns EDGE Certification for Gender Equality, Sets Sights on Highest Recognition by 2026

(IN BRIEF) Iberdrola has achieved EDGE certification, recognizing its commitment to gender equality in the workplace. Awarded the EDGE Move label in its first year, the company aims for the highest certification by 2026. Over the past two decades, Iberdrola … Read the full press release

IKEA Talents Contest Crowns Thomas from Austria as Global Winner, Celebrating Company-wide Creativity

(IN BRIEF) Ingka Group, the largest IKEA retailer, has successfully concluded its inaugural IKEA Talents contest, aimed at fostering creativity and unity among its global workforce. Thomas from IKEA Austria emerged as the global winner, impressing with his song ‘This … Read the full press release

Safran and MTU Launch EURA Alliance for Next-Gen European Military Helicopter Engine

(IN BRIEF) Safran Helicopter Engines and MTU Aero Engines have established a 50/50 joint venture named EURA (European Military Rotorcraft Engine Alliance). This alliance aims to develop a new European engine for future military helicopters by 2040, focusing on enhancing … Read the full press release

DNV Accredited by MDSAP for Streamlined Medical Device Audits

(IN BRIEF) DNV has achieved recognition as an auditing organization under the Medical Device Single Audit Program (MDSAP), enabling it to conduct consolidated regulatory audits for medical device manufacturers. This designation streamlines global market access by fulfilling the compliance requirements … Read the full press release

Barbara Frencia Appointed Chair of IIOA at Greater China Meeting

(IN BRIEF) Barbara Frencia, CEO of Business Assurance at DNV, has been appointed as the new Chair of the Independent International Organization for Assurance (IIOA) during their recent meeting in Greater China. She has previously served as Deputy Chair and … Read the full press release

Former Voith Engineer Christian Schiel Honored Posthumously by Paper Industry Hall of Fame for Innovations in Paper Machine Technology

(IN BRIEF) Christian Schiel, a former Voith engineer, was posthumously inducted into the Paper Industry International Hall of Fame for his pioneering contributions to paper machine technology. Recognized for innovations like the fabric press and flexible-nip presses, Schiel’s career spanned … Read the full press release

TotalEnergies Expands Offshore Presence in São Tomé and Príncipe with Block STP02 Acquisition

(IN BRIEF) TotalEnergies has entered into an agreement to acquire a 60% stake and operatorship in Block STP02 offshore São Tomé and Príncipe from the country’s national petroleum agency, ANP-STP. The remaining interests will be held by Sonangol (30%) and … Read the full press release