PARIS, FRANCE: TotalEnergies EP Angola Block 20 has finalized the sale to PETRONAS ANGOLA E&P LTD (PAEPL), a company belonging to the PETRONAS group of companies, of a 40% interest in Block 20 in the Kwanza Basin in Angola. The transaction was completed for an amount of $400 million as at January 1st, 2023, subject…
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Eutelsat and Can Marine to enhance global maritime connectivity over Asia-Pacific region
PARIS, FRANCE: Eutelsat Communications announced a partnership with Can Marine Systems, a prominent provider of maritime systems in Asia. The collaboration brings next-generation satellite communication services to the maritime sector across Asia, offering enhanced connectivity and capabilities for maritime businesses operating at sea (cargo shipping, passenger ferries, and offshore) in this vast region. The partnership…
Hoffmann Green Cement and POINT.P team up to distribute low-carbon cement
PARIS, FRANCE: Hoffmann Green Cement Technologies, a company that designs and markets innovative clinker-free cements, has signed a strategic partnership with POINT.P, a leading brand in the construction sector, to distribute its low-carbon cement products. The partnership aims to support POINT.P’s objective of reducing carbon emissions linked to the use of cement by 35% by…
Otovo launches EV chargers in Germany
OSLO, NORWAY: Starting today, Otovo will add electric vehicle chargers to its product lineup in Germany in response to the German government’s ‘Solar Power for Electric Cars’ subsidy program that debuts at midnight 26 September 2023, according to a press release. The program grants homeowners who purchase solar energy systems, battery storage, and charging stations,…
Hexagon Composites to explore strategic options for its LPG cylinder subsidiary
OSLO, NORWAY: Hexagon Composites, a Norwegian company that specializes in composite solutions for various applications, announced today that it is conducting a strategic review of its wholly owned subsidiary, Hexagon Ragasco. Hexagon Ragasco is the global market leader in composite cylinders for liquid petroleum gas (LPG), with more than 22 million cylinders sold to over…
Subsea Integration Alliance forms framework agreement with bp for integrated subsea developments
LUXEMBOURG: Subsea 7 S.A. announced that the Subsea Integration Alliance has signed a memorandum of understanding (MoU) aimed at forming a framework agreement with bp for integrated subsea developments. Under the framework agreement, Subsea Integration Alliance would work with bp from concept selection, through the full field life cycle, to deliver enhanced subsea project performance,…
TotalEnergies forms two joint-ventures to expand its renewable energy portfolio
PARIS, FRANCE: TotalEnergies, a global energy company, has announced two joint-ventures to develop, build and operate onshore renewable projects in India and multiple geographies. The first joint-venture is with Adani Green Energy Limited (AGEL), a leading renewable energy company in India. The joint-venture will have a 1,050 MWac (1400 MWp) portfolio of solar and wind…
Dékuple Group acquires a majority stake in the consulting agency Le Nouveau Bélier
PARIS, FRANCE: Le Nouveau Bélier, a leading retail advertising strategy consultancy, is joining Dékuple Group, a European player in data marketing. The alliance will create a unique global support offer for retail players, combining Dékuple Group’s data-driven skills with Le Nouveau Bélier’s branding and advertising expertise. The retail marketing sector is expanding rapidly and undergoing…
Vopak sells Rotterdam Chemical Terminals to Infracapital for EUR 407 million
AMSTERDAM: Vopak, a global leader in liquid bulk storage, has agreed to sell its three Rotterdam chemical terminals to Infracapital, a European infrastructure fund manager. The deal is worth EUR 407 million, with EUR 19.5 million subject to certain conditions. Vopak expects to receive around EUR 368 million in cash after deducting costs and debts….
Equans sells UK heating and cooling networks for £260 million
PARIS, FRANCE: Equans, a subsidiary of the French construction giant Bouygues, has agreed to sell its UK district heating and cooling networks to a consortium of Swiss and British investors for about £260 million. The deal, announced on 15 September 2023, will see Swiss Life Asset Managers and Schroders Greencoat LLP acquire Equans Urban Energy,…
Quadient acquires Daylight Automation to boost its intelligent forms offering
PARIS, FRANCE: Quadient, a leader in digital and physical customer communication solutions, has announced the acquisition of Daylight Automation, a cloud-based low-code platform that enables organizations to create and deliver personalized digital solutions. Daylight Automation, formerly known as FormHero, has a strong presence in the banking and insurance sectors, with three major financial institutions in…
TGS and PGS to merge and create a leading energy data company
OSLO, NORWAY: TGS ASA and PGS ASA, two of the largest providers of geophysical data for the energy industry, have announced that they have agreed to merge and form a new company with a strong portfolio of products and services. The merger, which is expected to be completed by the first half of 2024, will…