ABB to power new railway line in Africa
Zurich, Switzerland, November 12, 2014 – ABB has won orders worth around $16 million to supply traction substations and auxiliary power supply for a new rail corridor in Ethiopia. The Awash-Kombolcha-Weldia line is part of a five-year growth and transformation plan being implemented by the Ethiopian Government to provide …
Thomson Reuters recognizes ABB as one of 2014’s Top 100 Global Innovators
Zurich, Switzerland, November 7, 2014 – ABB has been recognized by Thomson Reuters as one of the world’s top 100 innovators for a third year. This award acknowledges companies around the world for their outstanding commitment to global innovation, the protection of ideas and the commercialization of inventions. “This …
ABB wins $55 million order in UAE to help integrate solar power into the grid
Zurich, Switzerland, Oct. 27, 2014 – ABB, the leading power and automation technology group, has won an order worth around $55 million from Dubai Electricity & Water Authority (DEWA), the leading power utility in United Arab Emirates (UAE), to build a substation that will integrate power from the Mohammed …
Cubility Appoints Kai Preben Sæveland as Chief Financial Officer
Kai Preben Sæveland To Join Leadership Team As Cubility Prepares for Further Growth Cubility AS, an industry leading provider of solids control solutions that improve efficiencies and HSE around drilling operations, today announced the appointment of Kai Preben Sæveland as the company’s Chief Financial Officer. Kai’s role will be to …
Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion
Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughesshare, representing an equity value of $34.6 billion and enterprise value of $38.0 …
Halliburton Seeking to Replace Baker Hughes Board after Merger Negotiations Stalled
Oilfield services provider Halliburton Co is seeking to replace the board of smaller peer Baker Hughes Inc, as merger talks between the companies stalled. Baker Hughes said late on Friday that it had rejected Halliburton’s initial proposal, which was made more than a month ago, in a deal that would …
Baker Hughes In Preliminary Business Combination Transaction with Halliburton
Baker Hughes Incorporated confirmed that it has engaged in preliminary discussions with Halliburton Company regarding a potential business combination transaction. These discussions may or may not lead to any transaction. Baker Hughes does not intend to comment further on market speculation or disclose any developments unless and until it otherwise …
National Oilwell Varco: Quarterly Dividend of $0.46 per Share
National Oilwell Varco, Inc. today announced that its Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on December 19, 2014 to each stockholder of record on December 5, 2014. National Oilwell Varco is a worldwide leader in the design, manufacture and …
Drillmec’s Russian Technology Conference
Drillmec S.p.A. – a worldwide leader in the production of drilling equipment – held a technical conference «Drillmec On-shore/Off-shore Technological Innovation and Services: Ahead and HoD» at the Baltschug Kempinski Hotel in Moscow on the 28th of October 2014. The conference was attended by more than 60 representatives from different …
Drillmec's Russian Technology Conference
Drillmec S.p.A. – a worldwide leader in the production of drilling equipment – held a technical conference «Drillmec On-shore/Off-shore Technological Innovation and Services: Ahead and HoD» at the Baltschug Kempinski Hotel in Moscow on the 28th of October 2014. The conference was attended by more than 60 representatives from different …