(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
(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
(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
(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
Posted in Business, Financial, Finland, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom
Tagged acquisition, Alain Biston, Alcatel Submarine Networks (ASN), France, Nokia, partnership, Pekka Lundmark
(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
(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, Netherlands, News, Transportation & Logistics
Tagged Alwin Slurink, Marc Wouters, Neste, Neste MY Renewable Diesel™, OK Slurink, partnership, Robert Reitsma, Scylla, sustainability, Sustainable River Cruises, the Netherlands
(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
Posted in Aviation & Aerospace, Business, Defence, Environment, Financial, France, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged ASCEND (Advanced Space Cloud for European Net zero emission and Data sovereignty) Study, Christophe Valorge, Space-Based Data Centers, sustainability, Thales, Thales Alenia Space
(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
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain
Tagged Biofuels Plant, CEPSA, decarbonisation, EIB, energy security, Maarten Wetselaar, partnership, SAF, Spain, 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
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Romania, Small Business
Tagged Banca Transilvania, EIB, EIF, Ioannis Tsakiris, Marjut Falkstedt, Ömer Tetik, partnership, Romania, SME financing, sustainability
(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
(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
Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Switzerland, Technology, Transportation & Logistics
Tagged AI, automation, KUKA, logistics, Niklas Goddemeier, partnership, robotics, Roland Ritter, sustainability, Swisslog, Switzerland
(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
Posted in Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology
Tagged appointment, Climate Accountability, Fallight Xu, leadership, partnership, SBTi, sustainability, TÜV Rheinland, Validation Council
(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
Posted in Business, Economy, Financial, Government, Industrial, Investment, Management, News, United Kingdom
Tagged Americas, Asia-Pacific, EMEIA, EY, Financial, George Chan, Global IPO, investment
(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
Posted in Awards, Business, Energy, Gas & Oil, Industrial, Management, News, Society, Spain
Tagged Awards, diversity, EDGE certification, gender equality, Iberdrola, Ignacio S. Galán, society
(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
Posted in Art & Culture, Austria, Awards, Business, Financial, Industrial, Management, Media, Netherlands, News, Retail
Tagged Awards, creativity, IKEA, Ingka, Jesper Brodin, Talents Contest, Thomas from Austria
(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
Posted in Aviation & Aerospace, Business, Defence, Financial, France, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged Cédric Goubet, EURA (European Military Rotorcraft Engine Alliance), European Military Helicopter Engine, France, François Delattre, Michael Schreyögg, MTU, partnership, Safran, Thomas Hitschler
(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
(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
(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
Posted in Awards, Business, Germany, Industrial, Management, News, Technology
Tagged Awards, Christian Schiel, Hall of Fame, innovations, Michael MacGregor, paper industry, paper machine technology, Ron Crotogino, Voith
(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
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