Search Results for: Eni

Barco Announces Full Acquisition of Cinionic’s Premium Cinema Solutions Business, Strengthening Global Cinema Industry Presence

(IN BRIEF) Barco, a prominent player in the global cinema industry, has finalized an agreement to fully acquire Cinionic’s premium cinema solutions business in collaboration with China Film Equipment Co., Ltd. (CFEC). This strategic move underscores Barco’s commitment to the … Read the full press release

Outokumpu’s Restructuring Moves in Germany: Strengthening Global Advanced Materials Leadership

(IN BRIEF) Outokumpu, a global leader in advanced materials, has unveiled plans for restructuring measures in Germany as part of its strategy to enhance competitiveness and maintain a strong position in the global market for advanced materials. The company aims … Read the full press release

Eni and Saipem Join Forces to Develop Sustainable Aviation Fuel and Biofuel Production

(IN BRIEF) Eni and Saipem have entered into an agreement to advance the development of biorefining technologies, aligning with their decarbonization objectives. The agreement focuses on exploring the construction of plants for the production of sustainable aviation fuel (biojet) and … Read the full press release

Nicolas Denis Appointed as CEO of Crédit Agricole Assurances, Succeeding Philippe Dumont

(IN BRIEF) Nicolas Denis has been appointed as the Chief Executive Officer of Crédit Agricole Assurances, effective from January 1, 2024, following approval by the Crédit Agricole Assurances Board of Directors. In his new role, Denis will report directly to … Read the full press release

European Investment Bank to Advise Bulgaria on Strengthening Development Financial Institutions

(IN BRIEF) The European Investment Bank (EIB) will provide advisory assistance to the Bulgarian Ministry of Innovation and Growth to enhance the effectiveness of the development financial institutions it supervises, with the aim of better supporting the Bulgarian economy. The … Read the full press release

Swiss Financial Institutions Launch Groundbreaking Pilot for Tokenized Central Bank Money

(IN BRIEF) SIX, the Swiss National Bank (SNB), and six commercial banks are embarking on a pioneering pilot project called Helvetia Phase III, aimed at exploring the use of tokenized central bank money (wCBDC) for financial institutions. This initiative marks … Read the full press release

ABB Names Mathias Gaertner as General Counsel and Company Secretary, Strengthening Legal Leadership

(IN BRIEF) ABB has appointed Mathias Gaertner as General Counsel and Company Secretary, as well as a Member of the Executive Committee. He will officially join ABB in 2024 and will succeed Natalia Shehadeh, who has been serving as General … Read the full press release

EU Commits €10 Million to Improve Education Infrastructure in Armenia’s Syunik Region

(IN BRIEF) At the Global Gateway Forum, the EU Commissioner for Neighbourhood and Enlargement, Olivér Várhelyi, and the European Investment Bank (EIB) President, Werner Hoyehr, announced a financial package to enhance education infrastructure in Armenia. The package includes a €10 … Read the full press release

Eni’s LNG Strategy: New 0.8 bcm Agreement Fuels Growth in Key Asian Markets

(IN BRIEF) Eni, a global energy company, has signed a significant LNG sales agreement with Merakes LNG Sellers for 0.8 billion cubic meters (bcm) annually, starting from January 2024 for three years. This complements their existing 1.4 bcm per year … Read the full press release

Benin and Côte d’Ivoire Gain Approval to Join European Bank for Reconstruction and Development (EBRD)

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has received shareholder approval to admit Benin and Côte d’Ivoire as members of the multilateral financial institution. The applications from Benin and Côte d’Ivoire for EBRD membership, submitted in July … Read the full press release

Thales Alenia Space and Partners Collaborate on Digital Twin Earth Prototype for Flood Prediction in Luxembourg

(IN BRIEF) The Luxembourg Space Agency (LSA) has been supporting Thales Alenia Space, along with partners the Luxembourg Institute of Sciences and Technologies (LIST) and PricewaterhouseCoopers Luxembourg (PwC), in their initiative to create a Proof of Concept for a flood … Read the full press release

Eni Signs Long-Term LNG Contract with QatarEnergy to Boost Supply and Strengthen Partnership

(IN BRIEF) Eni, in partnership with QatarEnergy LNG NFE (5), has entered into a long-term contract for the North Field East (NFE) project in Qatar. This agreement will facilitate the delivery of up to 1.5 billion cubic meters per annum … Read the full press release

BASF Announces Key Personnel Changes in Senior Leadership Roles

(IN BRIEF) BASF has announced key personnel changes within its leadership team, including Marcelo R. Lu taking on the role of President for the Division South & East Asia, ASEAN & ANZ, effective February 1, 2024. Klaus Welsch will retire … Read the full press release

Eni and Lannutti Group Partner to Advance Decarbonization with Renewable Diesel HVOlution

(IN BRIEF) Enilive, a subsidiary of Eni focused on sustainable mobility, and the Lannutti Group, a prominent player in the logistics and road transport sector, have entered into an agreement to utilize HVOlution, a renewable diesel fuel derived from 100% … Read the full press release

Orange Launches AMITIE Subsea Cable, Strengthening Transatlantic Connectivity

(IN BRIEF) Orange has launched the “AMITIE” mega submarine telecommunications cable, providing a transatlantic route connecting the United States and France. With a length of 6,800 km, 16 fiber pairs, and a capacity of 400 Tbps, AMITIE connects Lynn near … Read the full press release

Eni Awards 2023 Recognize Pioneering Research in Energy and Environment

(IN BRIEF) The Eni Awards ceremony for 2023 took place at Palazzo del Quirinale in Rome, attended by the President of the Republic Sergio Mattarella, Eni’s Chairman Giuseppe Zafarana, and Eni’s CEO Claudio Descalzi. These awards, now in their fifteenth … Read the full press release

Kaihara and Lenzing Celebrate Three-Decade Partnership with Denim Innovation

(IN BRIEF) Lenzing Group, a global producer of wood-based specialty fibers, and Kaihara, a Japanese denim manufacturer, have formed a groundbreaking partnership to redefine denim fashion on a global scale. Leveraging TENCEL™ branded fibers, their collaboration aims to cater to … Read the full press release

AFRY Strengthens Sustainable Energy Solutions in Indonesia with Senior Environmental and Social Experts

(IN BRIEF) AFRY, a global consulting firm, has bolstered its environmental and social consulting business in Indonesia by welcoming a team of senior environmental, social, and sustainability experts. This strategic addition enhances AFRY’s position as a prominent international environmental and … Read the full press release

BMT Appoints Andrew Bell as Senior Business Development Manager for Maritime Surveys in UK and Europe

(IN BRIEF) BMT, a leading maritime services company, has appointed Andrew Bell as their new Senior Business Development Manager for Maritime Surveys in the UK and Europe. Bell, with over 35 years of maritime experience, will play a key role … Read the full press release

Eni and Dompé farmaceutici Partner for Joint Research on Global Health Issues

(IN BRIEF) Eni CEO Claudio Descalzi and Dompé farmaceutici Executive Chairman Sergio Dompé have signed a Letter of Intent to initiate joint research and development efforts focused on public health and community well-being in regions where Eni operates, along with … Read the full press release

Amundi Announces Key Leadership Changes: Aurélia Lecourtier Appointed CFO, Domenico Aiello to Become Deputy CEO of Amundi Italy

(IN BRIEF) Amundi, a prominent asset management firm, has announced key leadership changes slated for November 1, 2023. Aurélia Lecourtier, a former adviser to the Prime Minister and member of the Cour des Comptes, will assume the role of Chief … Read the full press release

AFRY Capital Advises Orora on Proposed Acquisition of Saverglass, Strengthening Sustainable Packaging Leadership

(IN BRIEF) AFRY Capital is serving as joint financial advisor to Orora Limited, a prominent Australian manufacturer and distributor of sustainable packaging, in its planned acquisition of Saverglass, a leading global producer and distributor of premium glass bottles headquartered in … Read the full press release

Sanofi Collaborates with Janssen on Vaccine for Extraintestinal Pathogenic E. coli

(IN BRIEF) Sanofi has entered into an agreement with Janssen Pharmaceuticals, a subsidiary of Johnson & Johnson, to develop and commercialize a vaccine candidate for extraintestinal pathogenic E. coli (ExPEC) that is currently in Phase 3 of clinical trials. ExPEC … Read the full press release

European Investment Bank Extends €70 Million Loan to Bolster Armenian SMEs and Mid-Caps

(IN BRIEF) The European Investment Bank (EIB) is providing a loan of €70 million to the Central Bank of Armenia as part of the Armenian Economic Resilience Programme, backed by the European Fund for Sustainable Development Plus (EFSD+). This funding … Read the full press release

BBVA Launches €1 Billion Share Buyback Program, Strengthening Commitment to Shareholder Distributions

(IN BRIEF) BBVA, with a robust capital position boasting a fully-loaded CET1 ratio of 12.99 percent as of June 2023, has announced its intention to initiate a new share buyback program worth €1 billion. This program is considered an extraordinary … Read the full press release

Intesa Sanpaolo Chooses iGenius for Cutting-Edge Business Intelligence Solutions

(IN BRIEF) Intesa Sanpaolo, a leading Italian and European bank, has selected iGenius, a company specializing in generative AI technology for business intelligence (BI), to implement its BI solutions. iGenius offers a platform called Crystal that simplifies data access using … Read the full press release

CLAAS Appoints Frank Sommer as Senior Vice President Global Purchasing

(IN BRIEF) Frank Sommer, who has been responsible for finances in the CLAAS Business Unit Grain for five years, has assumed the role of Senior Vice President Global Purchasing, effective October 1, 2023. This change is part of organizational adjustments … Read the full press release

Generali Appoints Giulio Terzariol as CEO Insurance, Strengthening Leadership Team

(IN BRIEF) Generali, a leading insurance company, has announced the appointment of Giulio Terzariol as CEO Insurance, a newly established role responsible for overseeing all of the company’s Insurance Business Units. Terzariol, with over two decades of experience in management … Read the full press release

Eni Accelerates Energy Transition with Giant Gas Discovery off Indonesia’s East Kalimantan

(IN BRIEF) Eni, the global energy company, has made a significant gas discovery through the Geng North-1 exploration well off the coast of East Kalimantan in Indonesia. Preliminary estimates suggest a gas volume of 5 trillion cubic feet (Tcf) with … Read the full press release

Plenitude, Eni’s Renewable Energy Arm, Expands Presence in Kazakhstan with 50 MW Photovoltaic Plant

(IN BRIEF) Plenitude, a subsidiary of Eni focused on renewable energy, has inaugurated its first photovoltaic plant in Kazakhstan near Shaulder village in the Turkistan Region. With an installed capacity of 50 MW, this facility marks Plenitude’s entry into the … Read the full press release

Ericsson and MTN Benin Collaborate to Recycle Over 123 Metric Tons of Electronic Waste

(IN BRIEF) Ericsson and MTN Benin have partnered to recycle end-of-life electronic and electrical equipment as part of Ericsson’s Product Take-Back Program. This collaboration has resulted in the collection, decommissioning, transportation, and recycling of more than 123 metric tons of … Read the full press release

Lloyds Banking Group Invests €3 Million in Enigio to Advance Digital Documentation in Trade

(IN BRIEF) Lloyds Banking Group has made a strategic investment of €3 million in Enigio, a technology company specializing in digital documentation for trade transactions. This investment will support the expansion of Enigio’s trace:original solution, which eliminates the need for … Read the full press release

LG Chem and Eni Explore Biorefinery Partnership to Produce Sustainable Fuels and Plastics in South Korea

(IN BRIEF) LG Chem, South Korea’s leading chemicals producer, and Italian energy group Eni Sustainable Mobility have announced their joint exploration of developing and operating a new biorefinery at LG Chem’s Daesan chemical complex in South Korea. The project aims … Read the full press release

Solaris Secures €150 Million Contract for Hydrogen Buses in Bologna, Venice, and Cologne

(IN BRIEF) Solaris, a major player in hydrogen-based zero-emission transport solutions in Europe, has secured significant contracts to supply hydrogen buses to Bologna and Venice in Italy, as well as Cologne in Germany. These contracts, totaling approximately €150 million, highlight … Read the full press release

Italy Greenlights Tyrrhenian Link, a Major Milestone in Clean Energy Infrastructure

(IN BRIEF) Italy’s Ministry of the Environment and Energy Security has granted authorization for the Tyrrhenian Link, a transformative project by Terna connecting Sardinia, Sicily, and Campania via a direct current submarine power line. This crucial development, part of Italy’s … Read the full press release

Enilive and Accademia Niko Romito Launch ‘ALT Stazione del Gusto’ Project, Bringing Quality Street Food to Italian Service Stations

(IN BRIEF) Enilive, an Eni Sustainable Mobility brand, has partnered with Accademia Niko Romito to launch the “ALT Stazione del Gusto” project. The first restaurant under this partnership will open in Rome in September, located within an Eni service station. … Read the full press release

EBRD and EU Collaborate to Boost Armenian MSMEs Through Acba Bank Funding

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are collaborating to enhance access to finance for Armenian micro, small, and medium-sized enterprises (MSMEs) through Acba Bank. The EBRD is providing a loan equivalent … Read the full press release

Eni Partners with Oando PLC to Sell Nigerian Agip Oil Company Ltd and Focus on Core Strategy

(IN BRIEF) Eni, a prominent energy company, has revealed an agreement with Oando PLC, Nigeria’s indigenous energy solutions provider, for the sale of Nigerian Agip Oil Company Ltd (NAOC Ltd). NAOC Ltd, a wholly-owned Eni subsidiary, is dedicated to onshore … Read the full press release

Eni Sustainable Mobility Redefines Transport with Enilive Brand Launch

(IN BRIEF) Eni Sustainable Mobility introduces the Enilive brand, marking a significant leap in eco-conscious transportation. Enilive focuses on bio-refining, biomethane production, and smart mobility solutions like the Enjoy car sharing service. With over 5,000 Enilive Stations in Europe, the … Read the full press release

Alstom Delivers First Trainset Ahead of Schedule for Bhopal–Indore Metro Project, Strengthening India’s Sustainable Mobility

(IN BRIEF) Alstom has delivered the first trainset for the Bhopal–Indore metro project to Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) in record time, just fourteen and a half months after receiving the Notice To Proceed. The trainset will be … Read the full press release