Archive for Press Releases

TOMTOM SELLS TELEMATICS BUSINESS TO BRIDGESTONE

TOMTOM SELLS TELEMATICS BUSINESS TO BRIDGESTONE

January 22, 2019 No Comments

Location technology specialist TomTom (TOM2) today announced the sale of its Telematics business to Bridgestone Europe NV/SA (“Bridgestone”), a subsidiary of Bridgestone Corporation in EMEA, for a purchase price of €910 million, and proposes to return the majority of the proceeds to its shareholders. This transaction allows the Telematics business to accelerate its growth trajectory […]

Backlog Could Trigger New Wave Of Shale Oil

Backlog Could Trigger New Wave Of Shale Oil

January 22, 2019 No Comments

The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow. The backlog of DUCs has continued to swell, […]

Cairn provides an update on its operations and trading performance

Cairn provides an update on its operations and trading performance

January 22, 2019 No Comments

Oil and gas sales revenue was ~US$395m at an average realised price of US$68/boe (before hedging costs of US$1.34/boe) Average production cost was ~US$20 per boe Group cash at year end was US$66m Oil sales receivable at year end was US$39m Year end Norway exploration tax receivable was US$32m, with US$27m drawn under the Norway […]

World’s 3rd most sustainable company on the Global 100 list

World’s 3rd most sustainable company on the Global 100 list

January 22, 2019 No Comments

Neste has placed 3rd on the Corporate Knights 2019 Global 100 Most Sustainable Corporations list. This is Neste’s second time in the top 3. It also marks the company’s 13th consecutive inclusion on the Global 100 list. Neste has been included on the list continuously for longer than any other energy company in the world. […]

Saudi Aramco and Dubai Electricity & Water Authority sign MoU

Saudi Aramco and Dubai Electricity & Water Authority sign MoU

January 21, 2019 No Comments

Saudi Aramco today signed a Memorandum of Understanding (MoU) with Dubai Electricity & Water Authority (DEWA) to foster collaboration in power supply and demand management. The MoU will also provide a framework to assess potential collaborations and ventures in new energy and smart grid applications, digital transformation, and operational excellence. “We look forward to our […]

Vår Energi AS (Eni 69.6%)  awarded 13 licenses in Norway

Vår Energi AS (Eni 69.6%) awarded 13 licenses in Norway

January 21, 2019 No Comments

Eni through Vår Energi, jointly owned by Eni (69.6%) and by HitecVision (30.4%), has been awarded a total of 13 licenses in the Awards in Predefined Areas 2018 (APA) by the Ministry of Petroleum and Energy of Norway (MPE). The company has been granted the following 4 operatorships and 9 partnerships in licenses covering all […]

SOCAR’s fertilizer plant now inaugurated

SOCAR’s fertilizer plant now inaugurated

January 21, 2019 No Comments

Neste Engineering Solutions has reached an important milestone with PMC (Project Management Consultant) project for SOCAR, the State Oil Company of the Azerbaijan Republic, in constructing a greenfield ammonia-urea fertilizer plant in Sumgayit, Azerbaijan. The inauguration of the SOCAR carbamide complex took place on 16th of January 2019 and was held by the President of […]

NNPC to Collaborate with African Transportation Union

NNPC to Collaborate with African Transportation Union

January 21, 2019 No Comments

The Nigerian National Petroleum Corporation (NNPC) has sought effective collaboration with members of the African Union of Transportation and Logistics Organization to halt incidents of cross-border leakages of petroleum products. The corporation said smuggling of petroleum products remained a blight in the nation’s fuel supply and distribution matrix. NNPC Group Managing Director, Dr. Maikanti Baru, […]

Neste Shareholders’ Nomination Board’s proposal for the composition of Neste’s Board of Directors

Neste Shareholders’ Nomination Board’s proposal for the composition of Neste’s Board of Directors

January 18, 2019 No Comments

The Shareholders’ Nomination Board, established by Neste Corporation’s Annual General Meeting (AGM) on 4 April 2013, proposes to the AGM to be held on 2 April 2019 that the company’s Board of Directors shall comprise the following members: The Shareholders’ Nomination Board proposes that Mr. Matti Kähkönen shall be re-elected as the Chair of the […]

Global alliance commits over USD$1.0 billion  to end plastic waste

Global alliance commits over USD$1.0 billion to end plastic waste

January 16, 2019 No Comments

An alliance of global companies from the plastics and consumer goods value chain today launched a new organization to advance solutions to eliminate plastic waste in the environment, especially in the ocean. The cross value chain Alliance to End Plastic Waste (AEPW), currently made up of nearly thirty member companies, has committed over $1.0 billion […]

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