PARIS, FRANCE: Schlumberger Limited, doing business as SLB (NYSE: SLB) is collaborating with Oman’s Ministry of Energy and Minerals and the Oman Investment Authority in building a national strategy to develop the potential of Oman’s geothermal resources. This announcement follows the completion of an extensive project to evaluate data from more than 7,000 oil, gas…
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Nel and General Motors collaborate on cost competitive hydrogen production
OSLO, NORWAY: Nel Hydrogen US, a subsidiary of Nel ASA, has entered into a joint development agreement with General Motors (NYSE: GM) to help accelerate the industrialization of Nel’s proton exchange membrane (PEM) electrolyser platform. By combining GM’s extensive fuel cell expertise and Nel’s deep knowledge of electrolysers, the two companies are looking to enable…
Italy’s pre-exascale EuroHPC supercomputer is now the 4th most powerful in the world
PARIS, FRANCE: Italy’s pre-exascale EuroHPC supercomputer, based on Atos’ BullSequana XH2000, is now the 4th most powerful supercomputer in the world and 2nd in Europe, according to the TOP500 listing. Atos and its ecosystem of partners have already successfully delivered the main part of the Leonardo system, hosted and managed by Cineca computing center located…
Zenith Energy opens representative office in Yemen
OSLO, NORWAY: Zenith Energy Ltd. (OSE: ZENA) has opened a representative office in the city of Aden, Republic of Yemen, as the company sees great potential for Zenith’s establishment in Yemen, a country endowed with very significant oil and gas reserves. Andrea Cattaneo, Chief Executive of Zenith, commented: “We are very pleased to have opened…
DG Fuels sells 120mn gallons/year sustainable Aviation Fuel for $4.0bn
PORSGRUNN, NORWAY: DG Fuels has sold out 100% of the expected Sustainable Aviation Fuel (SAF) production of approximately 120 million gallons per year from its initial production plant in Louisiana, USA. At current market prices, total purchases under the initial five-year minimum term of this combined SAF and carbon credit purchase agreement exceeds USD 4…
Germany and Paraguay discuss cooperation on green hydrogen production
LONDON, UK: ATOME Energy (AIM: ATOM), the only pure international green hydrogen and ammonia production company on the London Stock Exchange with current large-scale projects in Paraguay and Europe notes the meeting last week between the Presidents of Germany and Paraguay at which they discussed the importance of green hydrogen production. ATOME notes the meeting…
TECO 2030 raises NOK 100 million through a private placement and convertible loan
LYSAKER, NORWAY: TECO 2030 ASA has raised approx. NOK 70 million (USD 7,000,000) through a private placement and approx. NOK 30 million (USD 3,000,000) in a secured convertible loan from a strategic U.S. based hydrogen investor. Through the private placement, 13,443,875 new shares will be issued at a price of 5.42 NOK per share, which…
Nexans signs agreement to acquire Reka Cables for EUR 53 million
PARIS, FRANCE: Nexans SA has entered into a Share Purchase Agreement with Reka Industrial Plc to acquire Reka Cables for an equity price of 53 million euros, including a financial net debt of 6.5 million euros as of end of September 2022. Nexans expects to fund the acquisition with a mix of available cash and…
Mutares SE acquires controlling stake in Peugeot Motocycles
MUNICH, GERMANY: Mutares SE & Co. has submitted an irrevocable binding offer to acquire 50% of equity and a controlling stake of 80% in Peugeot Motocycles (PMTC). Mahindra & Mahindra Ltd. (M&M) remains co-shareholder to support new product launches and the strong growth expected in the coming years. The closing of the transaction is expected…
Gustavo Calvo Paz appointed as new Chief Executive Officer of Ontex
BRUSSELS, BELGIUM: Ontex (Euronext: ONTEX) has appointed Mr. Gustavo Calvo Paz as new Chief Executive Officer, with effect from November 14, 2022, succeeding Ms. Esther Berrozpe. Mr. Calvo Paz has a deep understanding of the industry and has vast category knowledge and international experience in operations and strategy within the sector. Born in Argentina and…
Norske Skog Skogn signs new long-term energy contract with Statkraft
OSLO, NORWAY: Norske Skog Skogn and Statkraft have entered into a new long-term industrial energy agreement, which together with previous contracts, will secure large parts of the mill’s energy supply on competitive terms until 2030. “This agreement will give the Skogn mill stable energy supply at predictable and acceptable prices. The agreement contributes to secure…
Deezer partners with Bouygues Telecom in France
PARIS, FRANCE: Deezer, the global music streaming service, and Bouygues Telecom, the global communications operator in France, have entered into a distribution partnership. Deezer continues its B2B growth strategy with this new key agreement in its largest market. As of today, Bouygues Telecom is providing its customers promotional offers to access Deezer’s streaming service, with…