Agreements and Alliances News

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Ormat Technologies, Inc. (“Ormat”) (NYSE: ORA) today announced that it has entered into a definitive agreement to acquire substantially all of the business and assets of Viridity Energy, Inc. (“Viridity”), a privately held Philadelphia-based company with nearly a decade of expertise and leadership in demand response, energy management and storage.
SNC-Lavalin (TSX: SNC) announces today that it has signed and closed an agreement to sell its ongoing activities in France and in Monaco to Ciclad and Impact Holding for a nominal amount, including its investment in Société d’Exploitation de l’Aéroport de Mayotte. These activities in France and in Monaco include approximately 1,100 employees.
Rosneft and BP announce the completion of the deal to dissolve the refining and petrochemical Joint Venture Ruhr Oel GmbH (ROG) in Germany with effect from January 1, 2017.
RN-Exploration (Rosneft Group Subsidiary) and Union CubaPetroleo (CUPET), the state-run oil company of the Republic of Cuba, have entered into a contract for enhancing oil production at Varadero - East Central Block. The document was signed Rosneft Chief Executive Officer Igor Sechin and CUPET General Director Juan Torres Naranjo.
BHP Billiton and Hatch have entered into a collaborative technology development partnership, formed to accelerate the development and deployment of a wide range of key technological advances in the fields of mining and mineral processing.
GE Oil & Gas (NYSE: GE) has signed an agreement with TAG (Trans Austria Gasleitung GmbH), a pipeline operator with stations across Austria to install its new Tuning Maintenance Software (TUMAS) Digital solution across their fleet of 16 PGT25 gas turbines.
Air Products (NYSE: APD), a leading supplier of industrial gases in Poland, and Grupa Azoty Zakłady Azotowe Kędzierzyn S.A., part of Grupa Azoty, the second largest producer of mineral fertilizers in the European Union, have signed a long-term contract for the delivery of oxygen and nitrogen. The agreement will remain valid until the end of 2035 and extends cooperation between the companies which dates back to 1997. The contract also secures Air Products’ position as a key supplier to major industries in Poland.
Reliance Industries Limited (NSE: Reliance) and GE (NYSE: GE) today announced the signing of a global partnership agreement in the Industrial IOT (IIOT) space whereby RIL and GE will work together to build out joint applications on GE’s Predix platform.
On Monday 14 November a collaboration agreement was signed in Algiers (Algeria) by the public company INFRAFER, which carries out railway infrastructure works, and the Spanish company DF Rail, part of the Duro Felguera Group and which specializes in the design, development and manufacturing of railway equipment.
Aecon Group Inc. (TSX:ARE) announced today that it has been awarded a Master Turnaround Agreement (MTA) by Spectra Energy and a Multiple Use Agreement (MUA) by a major oil producer in Alberta.
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