Technology
The Abu Dhabi National Oil Company (ADNOC) has announced on Dec. 9, 2018, that it has been successful in testing a pilot system for a blockchain supply chain system. This pilot was allegedly developed in association with IBM and was unveiled recently by the Digital …
Power & Energy
California has formally added a new requirement for homes that would be constructed in the state starting in 2020. As per trusted sources, the state has included the mandate of installing solar rooftop panels in the state’s building code followed by an approval by the …
Consumer Goods
French luxury fashion house Chanel SA has reportedly announced to have banned the use of exotic animal pelts such as crocodile and lizard skin. As per trusted sources, the move has been hailed by major animal rights groups as Chanel is the first luxury brand …
Manufacturing & Construction
Hyundai had recently reached a preliminary agreement with the city of Gwangju for the new facility. The plan received the approval of the Gwangju’s consultative body with a condition on wage negotiations that the company rejected. Discussions of the Hyundai Motor Company (Hyundai), the renowned …
Power & Energy
Canadian Natural Resources Ltd. is reportedly cutting down its capital budget for 2019 by around $1 billion owing to poor oil prices in western Canada. However, the company claimed it would ramp up its spending if the prices rebound. On Dec. 5, 2018, the Canadian …
Power & Energy
MMP Resources has reportedly made it to the headlines for acquiring 50 percent stake for $25 million of a joint venture firm that owns an active gas field based in Russia. Reportedly, it would be deemed as a mineral, gas, and oil company post-acquisition. As …
Technology
Database to help the ministry identify the lands that are available for the construction of renewable energy projects. MNRE plans to introduce bids that are location-specific to strengthen the transmission facilities. The Ministry of New and Renewable Energy (MNRE), a ministry that comes under the …
Power & Energy
In a recent turn of events, India and Sweden have reportedly signed two MoUs pertaining to renewable energy in a bid to augment technology and enhance energy efficiency. According to trusted sources, the first Memorandum of Understanding was signed amid Swedish company Spowdi and EMVEE …
Manufacturing & Construction
Fuel cell technology specialist, Ceres Power plc has recently finalized its long-term strategic collaboration with China’s automobile and equipment manufacturing firm, Weichai Power. The move is a completion of the prior announced collaboration plans made by the companies in May 2018. Sources close to the …