Verizon Communications Inc. is exploring a sale of assets including Yahoo and AOL, as the telecommunications giant looks to exit an expensive and unsuccessful bet on digital media. The sales process, which includes private-equity firm Apollo Global Management Inc.,  could lead to a deal worth $4 billion to $5 billion, according to people familiar with the matter—assuming there […]

Lundin Energy a Norwegian Oil and gas firm is working with Swedish wave energy tech developer Ocean Harvesting Technologies on decarburizing extraction and production activities. The companies have launched a new R&D study on how installation of wave energy converters could potentially provide clean, stable and cost-effective electricity to an offshore oil and gas platform. […]

Bodycote, the world’s largest provider of heat treatments and specialist thermal processing services, is targeting the marine renewables sector after securing work with wave energy pioneer CorPower Ocean. The UK-headquartered firm, which has built a long-term track record in automotive, aerospace, energy and broader industrial sectors, is now breaking into ocean energy after helping Swedish […]

ExxonMobil is the first company to file an application with the U.S. Environmental Protection Agency (EPA) to use new technologies to detect methane emissions at oil and natural gas sites. We are seeking approval with the EPA for an “Alternate Means of Emissions Limitation” so that we can use airplanes equipped with detection technology to […]

Saline Water Conversion Corporation (SWCC) was recognized by Guinness World Records for setting a global record in reducing energy consumption in water desalination to 2.271 kWh per cubic meter, cementing its position as a pioneer in promoting environmental sustainability, achieved this milestone by adopting innovative technologies that lower the use of power and cost of […]

BIOVYN™, a new generation of PVC – made from the residue of the wood pulp process, instead of purely gas and oil – is about to make the next generation proud. It has been commandeered for a new ‘fossil-free’ pre-school in the Swedish city of Gothenburg, which has ambitious plans to cut the city’s greenhouse […]

Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces the signing of agreements to sell its telecommunications tower companies in Madagascar and Malawi to Helios Towers plc, a leading independent telecommunications infrastructure company in Africa. The Group’s tower portfolios in these two markets together […]

Autodesk has signed a definitive agreement to acquire Portland, Oregon-based Innovyze, a global leader in water infrastructure software, for USD 1 billion net of cash subject to working capital and tax closing adjustments. The acquisition positions Autodesk as a technology leader in end-to-end water infrastructure solutions from design to operations, accelerates Autodesk’s digital twin strategy, […]

Low-carbon hydrogen has a tiny share of the global energy market today. Investors, though, are betting on the long-term potential of this super-versatile energy carrier. Shares with meaningful exposure to hydrogen have been among the best performing in the bull run of energy transition stocks these last few months. Green hydrogen, produced by electrolysis of […]

OMV, the integrated, international oil, gas and chemicals company headquartered in Vienna, and Kommunalkredit Austria AG (Kommunalkredit) have announced a joint investment in the construction of Austria’s largest electrolysis plant in the OMV Schwechat Refinery. Total investment will be around EUR 25 mn, with OMV and Kommunalkredit each bearing half the cost. The plant is […]