XPO Logistics Inc. said it has closed its purchase of NLM, a Web-based freight auction site, from truckload carrier Landstar System Inc. XPO paid $87 million for the business, which it will rebrand as XPO NLM, it said in a Dec. 30 ...
Tags: XPO Logistics, NLM, Landstar System, close purchase
Shell today announces it has completed the acquisition of an additional 23% interest in the Parque das Conchas (BC-10) project offshore Brazil for US $1 billion. Regulatory approvals have been obtained and Shell will now hold a 73% ...
Tags: Shell, Parque das Conchas project, purchase
Artisan has signed a purchase and sale agreement (subject to certain closing conditions) with Magnum Energy Inc. ("Magnum") (TSX VENTURE:MEN), to acquire Magnum's 50% working interest in 2,720 gross acres (1,360 net acres) of land in the ...
Tags: Artisan, purchase and sale agreement, Magnum Energy, Provost Asset
RWE Dea has arranged a deal with Repsol Exploración Guyana (Repsol) to farm-in to the Kanuku licence operated by Repsol in the Guyana-Suriname Basin located offshore from the coast of Guyana. By entering the South American country, ...
Tags: RWE Dea, Repsol Exploración Guyana, Kanuku licence, Guyana-Suriname Basin
As part of a working visit to Armenia Rosneft President Igor Sechin met with the President of the Republic of Armenia, Serzh Sargsyan. A number of documents, pointed at extending cooperation with the republic, were signed in presence of the ...
In 2000, five MIT Media Lab alumni co-founded ThingMagic to help bring radio-frequency identification (RFID) technology—wireless readers and data-transmitting tags—to the supply chain. This meant companies would be able to track ...
Tags: ThingMagic, radio-frequency identification, supply chain
Indonesia's state-owned oil and gas firm PT Pertamina aspires its net-profit to rise by 12.79 percent to 3.44 billion U.S. dollar next year as the revenue from downstream and upstream business spheres pick up, a statement from the company ...
Tags: State-Owned Oil, Energy
The Orvis Company, Inc. of Manchester, VT, entered an agreement to sell its Ross Reels subsidiary to the Mayfly Group, LLC. Mayfly operates various brand names including Abel Automatics, Inc., a manufacturer of premium fly-fishing reels and ...
Tags: Orvis Company, Ross Reels, Mayfly Group
Emerald Expositions, organizers of the Outdoor Retailer trade show, has agreed to acquire George Little Management, which operates the Surf Expo and other trade shows. The price paid was $335 million, subject to certain adjustments at ...
Sprint majority owner SoftBank plans to buy a majority stake in T-Mobile through Sprint with the apparent intent to combine the two carriers, Japan's Nikkei newspaper reported. The plan would a merged entity on a better competitive ...
Russian mining and steel producing company Evraz has announced signing of an agreement with Ruda Khakasii on the acquisition by Ruda Khakasii of a number of Evrazruda's iron ore assets and utilities companies located in the Republic of ...
JX Nippon Oil & Gas Exploration Corporation (President: Shigeo Hirai, "JX Nippon") is pleased to announce that through Greenland Petroleum Exploration Co., Ltd. ("GreenPeX"), it was successful in the 2012/2013 Licensing Round in Greenland ...
Tags: JX Nippon, GreenPeX, Block 9, Block 14, Chevron, Shell
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Almazbek Atambayev, President of the Kyrgyz Republic. The parties addressed the status of cooperation in the ...
Tags: Gazprom, Alexey Miller, Almazbek Atambayev, hydrocarbon exploration
Esrey Energy Ltd. ("Esrey" or the "Company") (TSX VENTURE:EEL) announces the Company has entered into a binding agreement to add to its holdings in Poland's Baltic Basin through the acquisition of additional interest in Saponis Investments ...
The Australian Competition and Consumer Commission has released a statement expressing its concerns over BlueScope's proposed acquisition of OneSteel Sheet & Coil business from Arrium Ltd. Australian watchdog said that the proposed ...
Tags: steel, metallurgy