Volvo Cars and Autoliv have signed a final agreement to set up a new joint venture (JV) for the development of software for autonomous driving and driver assistance systems. The deal is based on the letter of intent announced during fall ...
Tags: Volvo Cars, Autoliv
Food packing firm Hilton Food has entered into a joint venture (JV) with Portugese retailer Sonae Modelo Continente to supply its stores with a range of packaged beef, lamb, veal and pork products. As per terms of the deal, Hilton will ...
Tags: Hilton Food, Portuguese Market
Chinese mapping company NavInfo and internet services group Tencent, along with Singapore wealth fund GIC have announced plans to acquire 10% stake in HERE. HERE is a German-based open location platform company owned by automotive majors ...
Dongfeng Honda Automobile a Honda automobile production and sales joint venture in China, has unveiled plans to build a third automobile production plant. The announcement included a groundbreaking event in Wuhan, China. The event was ...
Tags: Dongfeng, Automobile
Shell has started oil production from the Malikai Tension-Leg Platform (TLP), located 100-kilometres off the coast of the Malaysian state of Sabah. Located in waters up to 500-metres deep, Malikai is Shell’s second deep-water ...
Tags: Shell, Oil Production
After the battle in a number of areas, the Alibaba and the Tencent began a cloud market stalemate. December 15th, Ali cloud in the cloud habitat Convention Guangdong branch announced that Ali cloud Japan officially opened the service, the ...
Tags: Alibaba, Tencent, cloud market
Sumitomo has entered into an agreement to acquire Irish fruit grower Fyffes for €751m to increase its fruit imports in Japan. The global trading company which imports about 30% of bananas to Japan has offered to buy each of the ...
“The Libra oil discovery in Brazil is one of the largest deep water oil accumulations in the world. We look forward to applying Shell’s global deep water experience and technology, to support the profitable development of this ...
Tags: Shell, oil discovery
The two parties also signed a Shareholders Agreement to establish a Well Manufacturing joint venture (50% CNPC and 50% Shell) subject to further corporate and government approvals. It is intended that the joint venture will develop an ...
“Quest would be the first application of CCS technology for an oil sands upgrading operation,” says John Abbott, Shell’s Executive Vice President of Heavy Oil. “Not only would it allow us to significantly reduce the ...
Tags: Shell, CO2 Storage Project
Royal Dutch Shell Chief Executive Officer Peter Voser commented: “Our second quarter 2011 earnings were higher than year-ago levels, driven by increased energy prices and Shell’s operating performance. Shell reinvests its ...
Tags: Royal Dutch Shell, Shell
“This is a good deal for our customers as well as for Shell,” said Mark Williams, Royal Dutch Shell’s Downstream Director. “We will significantly reduce our capital exposure in line with our strategy to concentrate ...
Shell’s three-year strategic plan, outlined in 2010, is building the foundations for profitable growth for shareholders in the future. We are improving near-term competitive performance, and delivering a new wave of production growth. ...
Tags: Royal Dutch Shell, oil sands
Brunei Shell Petroleum (BSP - Shell 50%) announced today a significant new oil discovery in the coastal waters of the south-east Asian sultanate. The discovery, named Geronggong, is situated in the 3rd Offshore Acreage Area, approximately ...
Tags: Shell Joint Venture, Oil Discovery
The GM-ES-1 well is being drilled in a water depth of over 2,000 meters and to date has drilled to a depth of 5,711 meters. The well has encountered over 70-meters of net oil pay in two objectives. The joint venture plans to drill ahead to ...
Tags: Shell, Deepwater Oil