French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets and individual stocks in France and Benelux. Source familiar with the issue said that German, French, and Spanish Defence Ministers will meet on December 11, to discuss FCAS. Europe's next generation fighter project is at risk due to industrial turf wars. AIRBUS/TIGERAIR : Taiwan's low-cost airline Tigerair 6757.TW announced on Wednesday…
Inditex gains on November sales after European shares flatten out
The European stock market ended Wednesday with a largely stable performance, helped by technology gains that countered sharp declines in the financial sector. Inditex, on the other hand, surged to an almost one-year high after a successful start to winter sales. The pan-European STOXX 600 index closed 0.08% higher, at 576.13, while the major regional indices in Germany, France, and Italy each fell by 0.1%.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Airbus: According to industry sources, the plane maker has ordered a software update for a large number of its A320 family jets. This will affect over half of their global fleet or 6,000 jets. Axa, the French insurer, announced on Friday that it had acquired a 51% share in Italian direct insurance group Prima. The deal was announced at the beginning of August.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Sources said that the European aerospace groups Leonardo Thales and Airbus are redoubling their efforts to combine satellite businesses in a 10 billion euro ($11.7 billion) joint venture with a French headquarters. They hope to reach an agreement within weeks. Fitch, a credit rating agency, downgraded France’s sovereign debt score to its lowest level ever on Friday.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. AIRBUS AIR.PA delivered 61 aircraft in August. This brings the total number of planes delivered by this year's world-leading planemaker to 434, according to industry sources on Wednesday. D'Ieteren - D'Ieteren announced its first-half result on Wednesday and confirmed its outlook for the full year.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Dassault Aviation AM.PA, a French warplane manufacturer, raised questions about the on Tuesday as part of a growing dispute with Europe's Airbus regarding control of a futuristic program which combines traditional military aircraft with automated drones. Alstom, a French train manufacturer…
Norway's wealth fund will probe shoemakers and crypto firms in 2025 for ethics
Next year, the Norwegian sovereign wealth fund will investigate the potential ethical violations of shoemakers, crypto-firms and gambling operators that the fund holds, leading it to sell its holdings. Norway's Parliament has set ethical guidelines for the world's biggest sovereign wealth fund. It owns 1,5% of all listed shares in 8,700 companies around the globe. The Council on Ethics of the $1.8…
Russia is considering limiting metals exports to the West
In response to Western sanctions, Russian President Vladimir Putin suggested this week that Moscow limit exports of metals or other commodities in which Russia has a large share on global markets. Putin mentioned uranium and nickel as well as titanium, but suggested that other commodities could be restricted, pointing out that Russia is a major producer for natural gas, diamonds, and gold. Putin said that any restrictions do not have to be immediately implemented and they should not harm Russia.
Jiaao, a biofuel company in China, has brought BP on board as an investor for its SAF unit
Zhejiang Jiaao Enprotech, a Chinese biofuel company, announced on Friday that its sustainable aviation (SAF), unit had entered into an investment agreement with BP. This is the first time a global oil giant has invested in China's green aviation fuel. BP will invest 354 million yuan (49.56 millions) in Lianyungang Jiaao Enproenergy Co., which is building a 500,000 tons per year SAF facility in the eastern coast city of Lianyungang.
Palantir, Trafigura to Track Carbon Emissions for Oil, Metals industry
Palantir Technologies Inc and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday: tracking carbon emissions for the oil, gas, refined metals, and concentrates sector.The companies are building a platform for oil majors and other commodities firms to vet the environmental impact of their supply chains, applying Trafigura's data to Palantir's operating system…
The Case for 3D Printing Downhole Tools
Advanced design software supports growth of additive manufacturing applications in the oil and gas industryAdditive manufacturing (AM, aka 3D printing) is beginning to impact product-development strategies in the oil and gas industry just as it already has in many other industries—by shifting the production paradigm in unexpected ways.Particularly in the case of downhole tools, overall tool size is compatible with the range of part dimensions that today’s AM systems are capable of manufacturing.
BV Joins the Int'l Windship Association
The decarbonization drive is gearing up to be the defining issue faced by the shipping sector in the coming decades and the industry is searching for low carbon and zero emissions technologies that will deliver on the International Maritime Organization (IMO) initial strategy of reducing emissions by at least 50% by 2050. One family of technologies that is seeing an upsurge of interest in the industry is wind-assist and primary wind propulsion solutions.
LDA Ventures into Wind-Powered Shipping
French family-owned maritime transportation group Louis Dreyfus Armateurs (LDA) is venturing into wind-powered shipping as the group sees the benefits of operational savings and a need for decarbonisation.LDA Group has become the latest member of the International Windship Association (IWSA) to help further the development of these primary renewable solutions.LDA President, Edouard Louis-Dreyfus, stated…
Oil Spill Detection: Remote Sensing Equipment Tested
The latest in satellite, airborne and in-water surveillance and communications equipment were recently put to work off the coast of England for an exercise aiming to determine how remote sensing technologies can help identify and monitor oil spills at sea more effectively. The exercise took place on June 13, 2017 in open sea off the southern coast of England, showcased through Oil Spill Response Ltd.’s (OSRL) Southampton-based Visualization Center…
Statoil Grounds Sikorsky Helos for Inspection
Norway's Statoil said oil production was not impacted after the firm grounded all its Sikorsky S-92 helicopters used to transport offshore workers after an alert note from Sikorsky Aircraft Corp, a unit of Lockheed Martin Corp, was issued on Tuesday. "All 13 S-92 helicopters were grounded after a note from the manufacturer today. We are prepared for inspections to take a couple of days," a Statoil spokesman said.
Investigators Blame Norway Helicopter Crash on Gearbox Failure
The fatal crash of an Airbus helicopter in Norway in April was probably the result of metal fatigue in the aircraft's gearbox, the country's Accident Investigation Board (AIBN) said in a preliminary report on Tuesday, backing earlier findings. All 13 people on board were killed when the Super Puma's main rotor blades separated from the aircraft as it was ferrying passengers from a Norwegian offshore oil platform operated by Statoil.
China Three Gorges to buy German Wind Park
China Three Gorges, which operates the world's largest hydropower plant on China's Yangtze river, will buy German offshore wind park Meerwind from U.S. buyout firm Blackstone, the companies said on Monday. The terms of the sale were not disclosed but people familiar with the process have told Reuters that they expected it to be valued at around 1.6 billion euros ($1.8 bln). The deal, signed during a visit by German Chancellor Angela Merkel to China…
Statoil to Probe Norway Helicopter Casualty
Oil firm Statoil will conduct an in-house investigation of a helicopter crash that killed 13 people to looks at ways to improve safety, the company said on Wednesday. An Airbus H225 Super Puma was flying back to land from a North Sea platform operated by Statoil when it crashed off the Norwegian coast on April 29, killing all people on board. The report is due to be ready by Sept. 30 and will be published after this date, the firm in a statement.
Norway Helicopter Crash Investigation Focuses on Rotor Blade Mounting
An investigation into the cause of a fatal North Sea helicopter crash is focusing on the parts of the aircraft that connected the rotor blades to the main body of the helicopter, investigators said on Friday. An Airbus H225 Super Puma helicopter ferrying passengers from a Norwegian oil platform operated by Statoil crashed on April 29, killing all 13 people on board. Since then the helicopter model, a workhorse of the oil industry, has been grounded for commercial flights in Norway and Britain.
ABB Transformers for the Most Powerful Wind Turbines
ABB will deploy 40 special transformers to equip wind turbines for an offshore wind farm in the Irish Sea. The MHI Vestas Offshore Wind turbines are 195 m (640 ft) tall - around two-thirds the height of the Eiffel Tower - and weigh 1000 metric tons, approximately double a fully-loaded Airbus A380 plane. Its 80 m (262 ft) rotor blades sweep through an area equivalent of three soccer fields and can produce up to eight megawatts of power, making it the most powerful wind turbine in the world.