Latest Posts Under: Business News Articles

Pure Aqua to deliver industrial desalination systems for Saudi Arabia

Pure Aqua, a US-based company said that it has designed and manufactured a couple of industrial desalination systems for Saudi Arabia, that have a combined production capacity of 3,600 m3/day, and can handle extremely high TDS (up to 45,000mg/l). The company said that its industrial water treatment systems incorporate high-rejection RO technology, energy recovery, and […]

The Cheesecake Factory opens new restaurant in Orlando

The Cheesecake Factory, a US restaurant company, has opened a new restaurant in Orlando, Florida, located at Vineland Pointe. The new restaurant in Vineland Pointe is said to offer over 250 menu selections. Included in these are SkinnyLicious dishes with 590 calories or less and Saturday and Sunday Brunch that are handmade, in-house with fresh […]

Cypre project : Aker Solutions wins contract for BP’s gas project in T&T

Norwegian engineering company Aker Solutions has bagged a contract to support the development of BP’s 100% owned Cypre project located offshore Trinidad and Tobago (T&T). The Cypre gas project involves the development of the Macadamia gas discovery made in June 2017 by BP. Under the contract, Aker Solutions will be responsible for providing front-end engineering […]

Vår Energi wraps up $4.5bn acquisition of ExxonMobil’s Norwegian upstream assets

Vår Energi celebrated its first anniversary by wrapping up its previously announced $4.5 billion acquisition of the non-operated upstream assets of ExxonMobil in the Norwegian North Sea and the Norwegian Sea. The Norwegian oil and gas company, which is owned by Eni (69.6%) and HitecVision (30.4%), has doubled its production from the Norwegian Continental Shelf […]

AbbVie, Scripps Research to collaborate on developing new therapeutics

US biopharma company AbbVie has entered into a collaboration with California-based nonprofit medical research facility Scripps Research with a goal to develop new therapies for a variety of diseases, including in the therapeutic areas of oncology, immunology, fibrosis, and neurology. Peter Schultz – CEO of Scripps Research and Calibr, its drug discovery unit, said: “Based […]

Phoenix Group to acquire ReAssure from Swiss Re for £3.2bn

Phoenix acquisition of ReAssure : Life consolidator Phoenix Group has signed a cash-cum-stock deal worth £3.25 billion to acquire UK-based life and pensions company ReAssure Group from Swiss Re, as per the latest insurance acquisition news. ReAssure Group is a life insurance closed book consolidator, which is engaged in buying and administering closed books of […]

Freeport LNG project in Texas begins production of LNG

McDermott International, Chiyoda International and Zachry Group said that Train 2 of the Freeport LNG project built on Quintana Island in Freeport, Texas, has started the production of liquefied natural gas (LNG). The partners said that this project milestone is a precursor to first cargo. Mark Coscio – McDermott Senior Vice President for North, Central […]

GE Healthcare, ASLS form R&D partnership to advance 3D biofabrication

GE Healthcare Life Sciences has joined forces with Advanced Solutions Life Sciences (ASLS) for an R&D and distribution partnership with a goal to create new opportunities for regenerative tissue manufacturing by advancing the field of 3D biofabrication. The companies said that the integration of IN Cell Analyzer and BioAssemblyBot systems technologies will embed cellular-level evaluations […]

New convenience store Platte Street Mercantile opens doors in Denver

Platte Street Mercantile, a new grab-and-go convenience store has opened its doors in  Denver, Colorado, located at 1620 Platte Street near the Highlands pedestrian bridge intersection. The self-serve, grab-and-go convenience store offers packaged meals, snacks and beverages alongside limited grocery items to the businesses and residents of the Platte Street Neighborhood. Janine Williams, a co-owner […]

Astellas Pharma to acquire US gene therapy company Audentes Therapeutics

Astellas acquisition of Audentes: Japanese pharma company Astellas Pharma has agreed to acquire US gene therapy company Audentes Therapeutics in an all-cash deal worth about $3 billion, as per pharma acquisition news. Based in California, Audentes Therapeutics calls itself a clinical-stage company focused on developing a portfolio of Adeno-associated virus (AAV)-based genetic medicines for the […]

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