Day: July 29, 2024

Luxembourg – 29 July 2024 – Subsea7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable(1) contract by bp to Subsea Integration Alliance(2), for the Murlach development (formerly Skua field), 240 kilometres east of Aberdeen in the UK North Sea. The project work scope covers the engineering, procurement, construction and installation of the subsea pipelines (SURF) and production systems (SPS). It includes the first deployment of OneSubsea’s standard, configurable, vertical monobore tree systems in the UK North Sea, which will be deployed via vessel to reduce drill rig days. OneSubsea will deliver two vertical monobore trees, a 2-slot manifold, and associated topside controls. The Alliance worked with bp to develop a technology solution leveraging OneSubsea’s field-proven standard equipment, which is simpler...

Munich, Germany, and Trondheim, Norway, 29 July 2024: Toll4Europe GmbH and NORBIT ASA are proud to jointly announce the development of a new innovative GNSS and DSRC Hybrid On-Board Unit (OBU). This advanced OBU, designed for easy installation and intuitive operation, marks a significant enhancement for users seeking seamless and efficient tolling solutions. The product will be fully made in Norway at NORBIT’s factory in Røros and available to Toll4Europe’s customers starting mid of 2025. Dr. Felix Wex, CEO of Toll4Europe GmbH, said, “Partnering with NORBIT to bring this innovative GNSS and DSRC Hybrid OBU to the market is a significant step forward in our mission to provide seamless and efficient tolling services across Europe. This collaboration will not only benefit our Sales Partners but also improve the overall user experience....

Press Contact:Mollie MellowsTel: + 44 7342 709384Email: mollie.mellows@capgemini.com Engineering biology is expected to disrupt all industries 96% of organizations are already pursuing engineering biology, with majority planning to increase investment within five years; sustainability is a major driver of corporate interest Paris, July 29, 2024 – Organizations across all sectors are preparing for the transformative impact of engineering biology1 – the application of principles from biology and engineering, in conjunction with AI and data-driven computational techniques, to create new or redesigned biological systems for valuable purposes. They are looking to harness recent advancements in bioengineering to achieve environmental benefits and improved product performance. That is according to the Capgemini Research Institute’s latest...

HOUSTON, July 29, 2024 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has posted the recording of a recent interview with its Chief Executive Officer and Director, George Maxwell, on its web site, www.vaalco.com, on the “News and Events” page under the “Investor Relations” tab. Mr. Maxwell recently presented an overview of VAALCO and engaged in a detailed question and answer session hosted by Jasper Wijk, co-founder of Valpal, an investment advisory and research firm that recently initiated coverage of VAALCO. About VAALCO VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Cote d’Ivoire, Equatorial...

VANCOUVER, British Columbia, July 29, 2024 (GLOBE NEWSWIRE) — Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or “Bedford”) is pleased to announce that it has received the necessary exploration permit from the Ministry of Environment for its 2024 prospecting program at the Ubiquity Lake Uranium Project in Northern Saskatchewan. This permit marks a significant milestone, allowing the Company to advance its exploration activities as planned. The previously announced prospecting program at Ubiquity Lake will include investigating and mapping historic showings and target zones identified through successive geophysical programs. The claim block will be surveyed with state-of-the-art RS100 scintillometers, and outcrops from high-value targets will be collected and sent for assay. Peter Born, President of...

July 29, 2024 Second-quarter highlightsGroup sales amounted to EUR 4.5 billion, with comparable sales growth of 2% Comparable order intake increased by 9% Income from operations EUR 816 million, including EUR 538 million insurance income*) Adjusted EBITA margin increased to 11.1% of sales Operating cash inflow of EUR 89 million, with a free cash outflow of EUR 64 million Roy Jakobs, CEO of Royal Philips:“I am encouraged by our return to order intake growth this quarter, primarily driven by North America. Within a challenging macro environment we achieved strong margin improvement, supported by our productivity program, solid operational cashflow due to improved working capital management and comparable sales growth in line with our plan. Performance improvement was driven by progress on our execution priorities and industry-leading...

CPChem Sweeny Low Emission Cracking FurnaceCPChem Sweeny Low Emission Cracking FurnaceTechnip Energies (PARIS:TE) has been awarded an Engineering and Procurement contract by Chevron Phillips Chemical (CPChem) for the supply of a proprietary Low Emission Cracking Furnace in an existing olefins unit at its facility in Sweeny, Texas. This low-emission design is cost-effective and will reduce fuel consumption and CO₂ emissions by approximately 30 %. Technip Energies’ patented design of the Low Emission Cracking Furnace focuses on improving fuel efficiency using a novel heat recovery scheme, which includes combustion air preheat and a first-of-its-kind gas-to-gas primary feed effluent exchanger. The project also electrifies a major compressor driver, and because the low emission furnace will be capable of using hydrogen as fuel, the...