Hitachi Automotive Systems and Honda Sign MoU Aiming to Establish a Joint Venture Company for Electric Vehicle Motors

by Timothy Reeder | Feb 21, 2017 | News

Hitachi Automotive Systems, Ltd., and Honda Motor Co., Ltd., today announced the signing of a Memorandum of Understanding (“MoU”) on Feb. 3, aiming to establish a joint venture company for the development, manufacture and sales of motors for electric vehicles. The two...

Siemens achieves breakthrough with 3D printed gas turbine blades

by Timothy Reeder | Feb 10, 2017 | News

Siemens has achieved a breakthrough by finishing its first full load engine tests for gas turbine blades completely produced using Additive Manufacturing (AM) technology. The company successfully validated multiple AM printed turbine blades with a conventional blade...

Total posts solid results despite volatile oil prices

by Timothy Reeder | Feb 9, 2017 | News

Net income of 6.2 B$ in 2016, a 22% increase compared to 2015 Hydrocarbon production of 2,452 kboe/d in 2016, a 4.5% increase compared to 2015 Fourth quarter 2016 dividend of 0.62 €/share, a 1.6% increase compared to the previous three interim dividends, payable in...

BP announces full year and 4Q 2016 results

by Timothy Reeder | Feb 7, 2017 | News

BP focused on growth: strategic portfolio additions, new projects coming onstream, costs and spending reduced ahead of schedule 4Q 2016 underlying replacement cost profit $400 million, full year 2016 $2.6 billion Full year underlying operating cash flow $17.8 billion...

GM and Honda to Establish Industry-First Joint Fuel Cell System Manufacturing Operation in Michigan

by Timothy Reeder | Feb 3, 2017 | News

General Motors Co. and Honda recently announced establishment of the auto industry’s first manufacturing joint venture to mass produce an advanced hydrogen fuel cell system that will be used in future products from each company. Fuel Cell System Manufacturing, LLC...

Gas discovery near North Sea Valemon field

by Timothy Reeder | Feb 3, 2017 | News

Two years after Valemon came on stream Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million barrels of oil “This is an important discovery for the further development of Valemon,” says...