VDMA: German machinery manufacturers see no growth impetus from foreign trade
13/12/2019 – News / Machinery / Germany / VDMA / Export
The country’s industry body, VDMA, says that while exports in the first nine months of 2019 remain positive at 0.6 per cent, exports are down 1.1 per cent in Q3 2019, with France a bright spot for German machinery exports.
Businesses struggle to turn sustainability ambitions into action, finds HSBC survey
13/12/2019 – News / Business / Sustainability / Environment / ESG / HSBC
Sustainability is now firmly on the agenda for management teams of businesses of all sizes, yet only a minority have a clear understanding of how they are performing or how Environmental, Social and Governance (ESG) metrics might apply to them, according to a new survey from banking giant HSBC.
World’s leading AC manufacturers and innovators in running for Global Cooling Prize
11/12/2019 – News / Environment / Innovation / Climate / AC / AirCon / Global Cooling Prize / India
A global coalition led by the Government of India along with Rocky Mountain Institute (RMI) has announced the finalists of the Global Cooling Prize, an international innovation competition to develop super-efficient and climate-friendly residential cooling solutions for homes. The competitors showcased technologies that reduce or eliminate refrigerants linked to climate change, advances that will be vital as the number of room air conditioners nearly quadruples by 2050.
Volvo Trucks launches sales of electric trucks for urban transport
09/12/2019 – News / Transportation / Electric / Trucks / Volvo / Emobility / Europe
Volvo Trucks has announced the start of sales of its Volvo FL and Volvo FE electric trucks in selected markets within Europe, meeting the increasing demand for sustainable transport solutions in city environments.
Saudi Aramco and ADNOC boost global O&G contracts activity in Q3 2019
09/12/2019 – News / Oil & Gas / Aramco / Saudi / ADNOC / EPC
The global oil & gas industry has witnessed a substantial boost from contracts activity in the Middle East – led by state-owned firms Saudi Aramco and ADNOC – resulting in a contract value of US$44.4bn in Q3 2019, according to GlobalData.
Innovation project aims to reduce cost of floating solar plants
09/12/2019 – News / Renewables / Sustainable / Innovation / Solar Photovoltaic / Floating Solar Energy
Large-scale floating solar photovoltaic (PV) plants could be one of the solutions for a sustainable energy supply. A new EU project will help to advance this technology and make it more cost-efficient.
SRECO and Arabian Dream announce $5bn Riyadh mixed-use mega project
28/11/2019 – News / Real Estate / Shopping Centre / Al Akaria / Triple Five Worldwide / Saudi Arabia
Al Akaria Saudi Real Estate Company (SRECO) – one of the largest publicly listed real estate developers on the Saudi stock exchange (Tadawul) – has announced an initial collaboration with Arabian Dream (owned by developer Triple Five Worldwide) to develop a multi-billion-dollar mixed-use entertainment and shopping centre project in Akaria’s Al Widyan site in Riyadh’s northern growth corridor.
HyperloopTT partners with Gaussin to develop self-driving freight vehicles
22/11/2019 – News / Transportation / Technology / Electric / Sustainability / Hyperloop TT / Gaussin
Elon Musk’s vision of a system that moves people and goods at unprecedented speeds safely, efficiently, and sustainably has itself moved closer to reality with the announcement of a new strategic partnership between Hyperloop Transportation Technologies (HyperloopTT) and leading French transport and logistics engineering corporation Gaussin.
New €56m wind farm in Northern Sweden gets the green light
22/11/2019 – News / Energy / Renewables / Wind Farm / Fu-Gen AG / Abraxas Capital Management / Vestas
Swiss energy company Fu-Gen AG has partnered with British asset manager Abraxas Capital Management to construct a wind farm outside Skellefteå for a total investment of €56 million.
MOL Group upgrades 2019 guidance after robust Q3 results
21/11/2019 – News / Oil & Gas / MOL Group / Hungary
Budapest-headquartered international oil & gas company MOL Group has announced its financial results for the third quarter of 2019. Despite a weaker macro environment and much lower oil and gas prices, strong Q3 EBITDA allows MOL Group to raise 2019 full year guidance to “around US$2.4bn” from US$2.3bn.
Tough nut: SPX FLOW sets standard for bolting systems in harsh conditions @ADIPEC
12/11/2019 – News / Oil & Gas / ADIPEC / SPX Flow / US
When a bolt has seized or a flange gasket requires inspection, Bolting Systems tools from SPX® FLOW have long set the standard in the oil & gas industry. This week at ADIPEC in Abu Dhabi, the US-headquartered firm is showcasing its range of flange spreaders, hydraulic nut splitters and hydraulic nuts – utilised the world over to help increase operational efficiency, safety and maintenance.
Nidec ASI presents Variable Frequency Drives with very low-environmental-impact at ADIPEC
12/11/2019 – News / Oil & Gas / ADIPEC / Nidec ASI / Italy
Italian multinational Nidec ASI is presenting its new range of medium-voltage variable frequency drives this week at ADIPEC – one of the leading oil & gas industry events, held annually in Abu Dhabi. The new innovative range focuses on a high level of energy efficiency, low environmental impact and greater useability.
O&G industry is witnessing “wide-scale deployment” of VR tech across value chain
11/11/2019 – News / Oil & Gas / Technology / Virtual Reality / VR Tech / GlobalData
Following the rapid adoption of virtual reality (VR) technology in consumer markets, the oil & gas industry is witnessing wide-scale deployment of this technology across its value chain, according to GlobalData, which reports that such tech is supporting plant simulation and skill development.
Thanks a million: Consortium teams praised for being first to reach major milestone
11/11/2019 – News / Energy / Nuclear / Cumbria Nuclear Solutions / UK
A consortium has become the first to reach one million hours of safe working on a nuclear programme.
3D printing holds huge promise for oil & gas industry, finds study
04/11/2019 – News / Oil & Gas / Technology / 3D Printing / Manufacturing / GlobalData
The use of additive manufacturing, or 3D printing, is gradually increasing in the oil & gas industry. Currently accounting for less than 0.1 per cent of the overall global manufacturing market, it is estimated that the 3D printing market will be worth US$32bn by 2025 and over US$60bn by 2030, according to GlobalData.
Brazil to dominate with highest number of FPSO deployments by 2025
04/11/2019 – News / Crude Oil / FPSO / Floating Production Storage & Offloading Vessels / Brazil
Brazil continues to drive global deployment of floating production storage and offloading vessels (FPSOs), with 21 planned and announced FPSOs during the outlook period 2019 to 2025, according to GlobalData.
Energy storage innovator Azelio sets up commercial project in Sub-Saharan Africa
04/11/2019 – News / Energy / Storage / Innovation / Africa / Azelio / Sweden
Azelio – a public Swedish firm specialising in thermal energy storage – has agreed on a Memorandum of Understanding (MoU) with the Swedish sustainable energy solutions company STELLA Futura, to work together on setting up a small-scale commercial project in Sub-Saharan Africa. The aim is to demonstrate Azelio’s technology in a real-world commercial set-up, paving the way for broader regional implementation together with STELLA Futura.
AUTOMA 2019 reveals new trends, innovations and tech in automation and digitalisation
17/10/2019 – News / Oil & Gas / Event / Automation / Technology / Innovation / AUTOMA / Switzerland
AUTOMA 2019 – the Oil & Gas Automation and Digitalisation Congress – concluded earlier this week in Zurich, Switzerland, having explored the latest trends, projects, innovations and technologies in the increasingly vital spheres of automation and digitalisation.
SUEZ launches comprehensive plan to become global leader in environmental services
16/10/2019 – News / Utilities / Environment / SUEZ / Global
French utilities giant SUEZ has announced a comprehensive strategic plan to position the Group now for the opportunities and the challenges of the next decade.
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