January 2, 2020
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Electrical Equipment Provider
Schneider Electric, NAPTIN train electricians, seek gender inclusion
THERE are indications that Nigeria's power supply may witness an improvement as Schneider Electric, has completed the training of electricians in partnership with the National Power Training Institute, NAPTIN, and the French Development Agency. NUC dismisses staff over 'academic corruption' The second round of the training, which commenced on September 3, 2019, was rounded off in Lagos recently. Speaking at the event, Engr. Ayoola Ramoni, who represented the Director General of NAPTIN, Mr. Ahm
Vanguard 2019-12-20  
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GE's Boeing 737 MAX problem just got bigger
FOX Business' Gerri Willis discusses the 'five golden stocks' that resulted in being Tuesday's Dow Jones winners. General Electric Co. will likely take a significant hit to its cash flow from Boeing Co.'s decision to halt production of the 737 MAX jetliner, which has already dented the conglomerate's finances. GET FOX BUSINESS ON THE GO BY CLICKING HERE GE makes all of the MAX's engines through a joint venture with France's Safran SA. When Boeing in April cut monthly production of the plane to
Fox Business 2019-12-14  
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GE Venture to Build More Airbus Engines to Help Offset MAX Shutdown
GE-Safran alliance to supply engines for 58% of Airbus's alternative to Boeing's 737 MAX By Benjamin Katz Benjamin Katz The Wall Street Journal BiographyBenjamin Katz @_benkatz ben.katz@wsj.com Updated Dec. 20, 2019 12:27 pm ET General Electric Co. and France's Safran SA have struck a deal to increase production of engines for Airbus SE's rival to the 737 MAX, helping the pair deal with Boeing Co. 's production halt of its embattled plane, according to people familiar with the matter. The agree
The Wall Street Journal 2019-12-20  
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Bulgaria shortlists GE, others for nuclear plant contract
SOFIA, Bulgaria (AP) -- Bulgaria has shortlisted General Electric and four other international companies as candidates for a contract to build a new nuclear power plant in the Balkan country. Energy minister Temenuzhka Petkova said Thursday that Russia's Rosatom, China's CNNC and Korea Hydro & Nuclear Power Co will also be invited to file binding offers to build the 10 billion-euro ($11 billion) project by the end of April. General Electric is working with France's Framatome in their applicatio
nwi.com 2019-12-19  
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At CES, Schneider Electric unveils its own upgrade to the traditional fusebox - TechCrunch
As renewable energy and energy efficiency continue to make gains among cost-conscious consumers, more companies are looking at ways to give customers better ways to manage the electricity coming into their homes. At the Consumer Electronics Show in Las Vegas, Schneider Electric unveiled its pitch to homeowners looking for a better power management system with the company's Energy Center product. Think of it as a competitor to products from startups like Span, which are attempting to offer homeo
TechCrunch 2020-01-06  
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Cross River signs multi-billion contract with GE for Specialist Hospital
Bandits have taken Over Our Communities, Senators Cry Out Ayade made the pledge at the conference room, Governor's Office, Calabar Wednesday during the contract signing ceremony between the state government and General Electric (GE) for the completion and equipping of a specialist hospital in Obudu Local Government Area of the state. GE has eight months deadline to deliver on the project. "The time frame is six months and extendable by a maximum of two months to complete the specialist hospita
Vanguard 2020-01-06  
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Schneider Electric appoints Pankaj Sharma as EVP of Secure Power Division - Data Economy
Schneider Electric has announced it has promoted Pankaj Sharma to succeed Dave Johnson as Executive Vice President of its Secure Power Division effective January 1, 2020. Sharma has held leadership roles in the company including commercial, strategy, marketing, mergers and acquisitions, and line of business. In his previous role, Sharma led Schneider Electric's strategy to help customers and partners address the disruptive trend of edge computing. "Pankaj is well prepared to take this challeng
Data Economy 2020-01-01  
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EXCLUSIVE-India's NTPC snubs foreign emissions tech, shuts out GE, others from $2 bln orders
* NTPC ran pilot tests on filtering equipment made by GE, others * Said technology not suitable for power plants in India * NTPC lobbying for less strict emissions targets NEW DELHI, Dec 19 (Reuters) - Top Indian electricity generator NTPC has rejected the emissions-cutting technology of GE and other foreign firms for its coal-fired plants, documents show, shutting them out of an estimated $2 billion in orders. Despite struggling with some of the world's worst air pollution levels, India has
Haaretz.com 2019-12-19  
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Why Shares in General Electric Soared in 2019 | The Motley Fool
Industrial sector focus. I write about electrical equipment, transportation, and multi-industry industrial stocks. Engineer, investment manager and property developer. I'm a firm believer that there is something noble about the industrial sector. Blue collar workers physically making a better world. Follow me on Twitter to receive quick and thorough analysis of your favorite stocks. Follow @LeeSamaha Shares in General Electric (NYSE:GE) rose 47.4% in 2019, according to data provided by S&P Globa
The Motley Fool 2020-01-10  
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GE to Offer Onshore Wind Turbine Solution to Rio Energy
General Electric Company's GE business unit GE Renewable Energy recently announced that it has clinched an onshore wind turbine contract from Rio Energy. Notably, this marks the company's second contract with Rio Energy in Brazil. Per the deal, Rio Energy will utilize General Electric's biggest onshore wind turbine solution -- Cypress platform -- for catering to consumers' growing requirements of renewable and sustainable energy. As noted by General Electric, per the deal, it will produce, supp
Yahoo Finance 2019-12-16  
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Petrochemical Supplier
The real price of Occidental's 'costless' oil hedge
(Reuters) - In just 12 days, Occidental Petroleum Corp (OXY.N) pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as "costless" but a Reuters review of regulatory filings, market data and interviews shows that's not the whole story. The aim of the complex financial maneuver, the company said, was to help preserve Occidental's generous dividend to shareholders as it sought to take over rival Anadarko Petroleum for
Reuters 2020-01-10  
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U.S. oil deals hit five-year high in 2019 on Occidental's...
(Reuters) - The value of U.S. oil and gas mergers and acquisitions reached a five-year peak of $96 billion in 2019 on the back of competing bids for Anadarko Petroleum, energy data provider Enverus said on Thursday. Occidental Petroleum Corp's (OXY.N) $38 billion acquisition of Permian rival Anadarko countered a pullback in corporate deal-making the sector, driven by investor pressure to prioritize shareholder returns over growth, Enverus said. Occidental last year won a takeover battle for Ana
Reuters 2020-01-02  
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Occidental to cut Western Midstream stake to reduce debt
(Reuters) - Occidental Petroleum Corp (OXY.N) said on Monday it would cut its majority stake in pipeline operator Western Midstream Partners LP (WES.N) to less than 50% in 2020, to reduce its debt that grew significantly with the Anadarko Petroleum Corp deal. Occidental's shares rose about 4% on the news, having lost over 30% in value since the $38-billion offer for Anadarko was made public on April 24, 2019. Occidental is working to pare $40 billion of debt it took on with the Anadarko deal, a
Reuters 2020-01-06  
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Occidental Petroleum slashing jobs 'significantly' in cost-cutting...
HOUSTON (Reuters) - Occidental Petroleum Corp (OXY.N) said on Wednesday it would begin dismissing workers in a new cost-cutting move following its $38 billion acquisition of Anadarko Petroleum. The company has already "significantly" cut staff through a voluntary program, spokeswoman Melissa Schoeb said in an email. She did not respond to requests for information about the number of employees to be cut or any potential charge to earnings. The combined company had about 16,000 workers when it me
Reuters 2020-01-09  
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Oxy shores up board with former Schlumberger CEO
Occidental Petroleum added to its board of directors Thursday with the appointment of a former chief executive of Schlumberger as Oxy aims to instill more confidence with shareholders after risking its future to buy Anadarko Petroleum for $38 billion last year. Andrew Gould, who previously headed the world's largest oilfield services firm until 2011, will join the board of Houston-based Oxy in March at a time when Oxy is looking to cut costs, reduce its debt and sell some assets after making the
Houston Chronicle 2020-01-02  
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Engineering Services Provider
Houston's Rebellion Photonics acquired by Honeywell
Houston-based Rebellion Photonics, a 10-year-old oil and gas technology company, has been acquired by Fortune 100 technology company Honeywell for an undisclosed amount. Rebellion uses machine learning and cameras to detect explosions before they happen at rigs and refineries. Through the deal, announced Monday, it will become part of Honeywell's Safety and Productivity Solutions business that provides a wide range of gas detection technologies, safety gear and software to help workers stay safe
Houston Chronicle 2019-12-16  
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Honeywell, iTRACE And SecureMarking Combat Counterfeit Activity In Aerospace With Blockchain
Blockchain technology and two-factor authentication will digitize Honeywell Aerospace parts to help ensure authenticity ATLANTA, Dec. 17, 2019 /PRNewswire/ -- Honeywell (NYSE: HON) is working with iTRACE and SecureMarking to bring transparency and increased security to the e-commerce market of aerospace products via blockchain technology. This first-of-its-kind process in the aerospace market will greatly simplify the complex regulatory and supply-chain landscape in the industry. Under the new
Yahoo News 2019-12-17  
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Entities Covered : Occidental Petroleum, Honeywell, Schneider Electric, General Electric
Time Range : December 2019 - January 2020
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