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| oil and gas |
ExxonMobil Provides $300,000 to Support Relief Efforts in Mozambique Following Cyclone Idai
March 20, 2019
(AETOS Wire)-- ExxonMobil said today that it is providing $300,000 to aid agencies to support disaster relief and recovery efforts in Mozambique following Cyclone Idai, which made landfall on March 14. Of this amount, $250,000 will be contributed to the American Red Cross for ongoing rescue efforts and for food, shelter and comfort for the storm’s victims. ExxonMobil’s affiliate ExxonMobil Moçambique Limitada will contribute another $50,000 to organizations operating in Mozambique that are assisting the government with disaster relief efforts. “We are deeply saddened by the impact of Cyclone Idai on Mozambique and surrounding countries,” said Darren W. Woods, ExxonMobil chairman and chief executive officer. “The devastation has been widespread, and this funding will help provide relief during a difficult time. Our thoughts are with everyone affected.”......
Tunisia: Eni starts construction of solar power project
March 17, 2019
Eni says it has begun building two new solar power projects in Tunisia and Pakistan, part of its commitment to “promote sustainable development in the countries where it operates.” The Tunisia plant will be built at the company’s Adam oil concession and have a peak capacity of 5 MW, it said. The"...
Majoul blasts 50% rise in electricity tariffs
March 6, 2019
TAP) - President of the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) Samir Majoul, on Tuesday, denounced the 50% increase in electricity tariffs between of April and December 2018, saying it has a very negative impact on the competitiveness of the national economy and businesses’. 'It was imposed unilaterally and without notice,' Majoul pointed out at a half day of reflection on 'the cost of energy for economic"...
Oil advances as Opec set to continue supply cuts
February 28, 2019
SINGAPORE: Oil prices rose on Wednesday after a report of declining US crude inventories and as producer club Opec seemed to stick to its supply cuts despite pressure from US President Donald Trump. US West Texas Intermediate (WTI) crude oil futures were at $55.89 per barrel at 0755 GMT, up 39 cents, or 0.7 per cent, from their last settlement.
International Brent crude futures were at $65.48 per barrel, up 27 cents, or 0.4 per cent from their last close.
US crude oil inventories fell by 4.2 million barrels in"...
Tunisia: crude phosphate production reaches 3.3 million tons in 2018, down 25%
February 28, 2019
The production of crude phosphate in Tunisia continues to decline. The recurring strikes by the Gafsa Phosphate Company (GPC) unions continue to weigh on the sector in 2018. According to data from the National Institute of Statistics (INS) relating to industrial production in 2018, Tunisia produced last year 3.34 million tons of crude phosphate compared to 4.42 million tons a year earlier, down 25%. Before"...
China Driving eSIM Adoption Says New GSMA Report
February 28, 2019
(AETOS Wire)-- The GSMA today announced the release of a new report highlighting the significant progress made by Chinese mobile operators, vendors and manufacturers in adopting Remote SIM Provisioning and eSIM technologies. The in-depth report which is titled “eSIM in China: the road ahead” and was prepared by GSMA Intelligence in partnership with the Telecommunication Terminal Industry Forum Association (TAF), draws on fresh insights from China’s three mobile operators – China Mobile, China Telecom and China Unicom – as well other companies from the wider mobile ecosystem1 and highlights developments particularly in the consumer electronics and IoT sectors. “In China and around the world, the huge adoption of eSIM technologies has been underpinned by the GSMA’s common and interoperable specification that is reducing fragmentation and delivering......
ABB Strategy Update: Shaping a Leader Focused in Digital Industries
February 28, 2019
- New ABB: focus, simplify, lead
- Focused portfolio: Divestment of Power Grids to Hitachi well on track
- Simplified structure: New operating model “ABB-OS™” for enhanced customer focus, agility
and profitability; %$500 million annual savings - Four new leading businesses, #1 or #2 in their respective markets, effective April 1, 2019 with
new medium-term business operational EBITA margin target corridors of: - Electrification: 15-19 percent
- Industrial Automation: 12-16 percent
- Motion: 14-18 percent
...
ABB: Solid Growth
February 28, 2019
(AETOS Wire) -- FULL YEAR 2018 HIGHLIGHTS - Total orders +8%1, up in all divisions and regions
- Revenues +4%, strong growth in Robotics and Motion
- Order backlog +6% at end of year, book-to-bill ratio2 at 1.03x
- ABB Ability™ drives growth across all divisions
- Operational EBITA margin 10.9%2, impacted by a combined 250 basis points due to stranded costs, charges for legacy non-core projects and GEIS dilution
- Reported net"...
Global Ingredients Brand, NZMP, Picks Its Top 5 Consumer Trends for 2019
February 28, 2019
(AETOS Wire)-- NZMP 1. Digestive wellness
2. Snacking as an occasion in its own right
3. Ethics goes 360
4. Total wellbeing
5. Adventurous consumption Insights from some of the world’s largest food and nutrition research providers* have been analysed by NZMP, picking its top five trends for food and"...
Ascend Performance Materials Extends Force Majeure on HMD, Polymers
February 28, 2019
(AETOS Wire)-- Ascend Performance Materials today announced it has extended force majeure on hexamethylene diamine (HMD) and all polymers, compounds and fibers. Persistent fog followed by historic rainfall and flooding in the Tennessee River Valley restricted transportation along the Tennessee-Tombigbee Waterway. The U.S. Army Corps of Engineers has closed locks along the waterway, thereby cutting off supply"...
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