Siemens to Give Shareholders 55% of Energy Business Spin-off
Siemens will give 55% of its power business to shareholders when it spins it off in September, the German engineering group said on Tuesday, the latest stage in its shift away from a sprawling conglomerate.The trains to industrial software maker then wants to "significantly" reduce its remaining 45% position within 12 to 18 months after the shares are listed on Sept.
Worley, AVEVA to Roll Out Cloud-based EPC Solution
Engineering and industrial software company AVEVA announced that Worley has selected AVEVA’s Enterprise Resource Management solution as its preferred materials management platform. The partnership combines Worley’s engineering, procurement and construction (EPC) knowledge with AVEVA’s industrial software expertise to deliver the first…
Oil Falls on Slowing Chinese Demand, US-China Trade Spat
Oil prices fell on Wednesday after Chinese import data showed a slowdown in demand and as a trade dispute between Washington and Beijing escalated further.U.S. crude futures fell more than $1 per barrel to $68.13 after China said it was retaliating against U.S. tariffs by slapping additional import duties of 25 percent on $16 billion worth of U.S.
Oil Up as U.S. Sanctions on Iran Expected to Tighten Supply
Oil prices rose on Tuesday with revived U.S. sanctions against major crude exporter Iran expected to tighten global supply.Brent crude oil futures were up 75 cents to $74.50 per barrel at 1337 GMT and U.S. West Texas Intermediate (WTI) crude futures were up 32 cents at $69.33 a barrel.A first batch of U.S. sanctions against Iran, which shipped out almost 3 million barrels per day (bpd) of crude in July…
Applications for 2016 ABB Research Award
Applications are now being accepted for the international ABB Research Award in Honor of Hubertus von Gruenberg. A call for applications to be submitted by January 31, 2016 has been issued to postgraduates in the fields of power and automation at universities or research institutions. The award carries a US$ 300,000 personal research grant.
