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…
Swiss File First Charges in 'Car Wash' Probe
Switzerland has pressed charges against a person in a corruption probe of Brazilian state oil company Petrobras and construction firm Odebrecht, the attorney general's office said…
Swiss Prosecutors Aid Italian Oil Corruption Probe
Switzerland's top court has allowed Geneva prosecutors to share with Italy material they seized more than three years ago that could shed light on a case involving oil majors Eni…
ADNOC Seals $5.8 bln Refining and Trading Deal with ENI, OMV
Italy's Eni and Austria's OMV have agreed to pay a combined $5.8 billion to take a stake in Abu Dhabi National Oil Company's (ADNOC) refining business and establish a new trading…
Siemens, China's SPIC Eye Link-up in Gas Turbines
Siemens and China's State Power Investment Corporation (SPIC) have entered into a memorandum of understanding confirming their intention to collaborate on heavy-duty gas turbines, the German group said on Monday."The sig
ABB Committed to Saudi Market - CEO
Swiss engineering group ABB is in Saudi Arabia for the long run, Chief Executive Ulrich Spiesshofer said on Wednesday, expressing hope that political and economic changes in the kingdom would ensure long-term stability.
Swiss Court Approves Transfer of Petrobras Bank Data
A Swiss appeals court has ruled prosecutors may share with Brazil bank documents that could shed light on allegations of corruption at Brazilian state oil group Petrobras. The Federal…
Swiss Utilities Throw in Towel Over New Nuclear Plants
Swiss utilities Axpo, Alpiq and BKW have withdrawn their joint request to build nuclear plants, bowing to the Swiss decision to phase out nuclear power after the Fukushima disaster in Japan.
ABB Wins $250 mln UK Offshore Wind Order
Swiss technology group ABB has won an order worth more than $250 million from Danish energy company DONG Energy to deliver a high-voltage cable system connecting the Hornsea Project…
Cevian Asks Consultant to Study Potential ABB Break-up
ABB's second-biggest shareholder, activist investor Cevian, has hired Boston Consulting Group to study a potential break-up of the Swiss engineering group, turning up the pressure for a revamp…
Keppel, Transocean Agree Rig Deliveries Delay
Transocean Ltd announced on Tuesday an agreement with Keppel Offshore & Marine Ltd's shipyard, Keppel FELS, to defer the delivery and related payments of five high-specification jackups until 2020.
SGS Denies Responsibility for Missing Nuclear Materials
Swiss inspections group SGS denied on Thursday any responsibility for security at the site where radioactive material used to test pipes at an oil field in southern Iraq disappeared last year.
OMV Looks to Sell Turkish Unit Petrol Ofisi
Austrian oil group OMV said on Friday that it is putting its Turkish subsidiary Petrol Ofisi up for sale as part of its strategy to dispose of non-core assets. OMV is focusing on growth in its upstream business…
Austria's OMV Looks to Sell Turkish Unit Petrol Ofisi
Austrian oil group OMV said on Friday that it is putting its Turkish subsidiary Petrol Ofisi up for sale as part of its strategy to dispose of non-core assets. OMV is focusing on growth in its upstream business…
Transocean to Delist from SIX Swiss Exchange
Transocean is to delist from the SIX Swiss Exchange in the first quarter of 2016, marking a retreat from Europe for one of the world's largest offshore drilling groups. Transocean…
ABB to Decide on Power Grids Future in 2016
ABB will likely decide next year what to do with its new Power Grids division, Chief Executive Ulrich Spiesshofer told a Swiss newspaper, reiterating that all options were open for the business.
Verbund CFO Sees No Power Price Recovery
Austrian hydropower company Verbund does not at present see power prices recovering as the market is still oversupplied, Chief Financial Officer Peter Kollmann told Reuters on Thursday.
C.A.T. Oil asks Prosecutors to Look into Former Execs
Austrian energy group C.A.T. Oil AG has asked Vienna prosecutors to look into suspected breach of trust by former members of its management board, it said on Friday. A spokesman…
Austria's OMV Set to Pick Wintershall's Seele as CEO
Austrian energy group OMV's supervisory board was expected to pick Rainer Seele, chief executive of BASF oil and gas subsidiary Wintershall, as its new CEO on Friday, Austrian newspapers reported on Friday.
CAT Oil Execs Go After Dijols Takeover Bid
CAT oil's senior managers are leaving the Austrian fracking specialist in the wake of a takeover approach by oil industry veteran Maurice Dijols, the company said on Monday. Chief Operating Officer Anna Brinkmann…
