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Google and Facebook Lay Thousands of Miles of Undersea Cables to Ferry Internet Around the World

Category: Business News

Google and Facebook have both laid thousands of miles of cables along the seafloor, stretching between continents, to carry internet around the world. Often, the two tech giants invest in cable projects along with a consortium of other companies, although Google has five privately owned cable projects underway. Facebook is invested in two cables that […]

Source: Business Insider


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Avasant Names Capgemini a Leader in US Aerospace and Defense Digital Services

Category: Business News

Recognition validates Capgemini’s focus on client centricity and strong relationships with industry partners NEW YORK, September 13, 2021–(BUSINESS WIRE)–Capgemini announced today that it has been named a ’Leader’ by advisory firm Avasant in its US Aerospace & Defense Digital Services 2021-2022 RadarView™. Capgemini was recognized for its ability to help its clients digitally transform their enterprises through demand forecasting, […]

Source: Yahoo Finance


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KKR to Acquire Norway-based Ocean Yield in €689m Deal

Category: Business News

Global investment firm KKR is investing about NOK7.2bn (€688.6m) to buy Ocean Yield, a Norway-based ship owning company with investments in vessels on long-term charters. Octopus Bidco, a company owned by KKR funds, is offering the Oslo Stock Exchange-listed owner’s shareholders NOK41 for each share. The amount per share being offered represents a premium of […]

Source: IPE Real Assets


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Norway 2021 Licensing Round Attracts Bids From 31 Oil Firms

Category: Business News

OSLO, Sept 15 (Reuters) – A total of 31 oil companies have submitted bids for exploration acreage offshore Norway in a so-called predefined areas (APA) licensing round, the country’s energy ministry said on Wednesday. Read full article.

Source: Reuters


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Norway’s Center-left Labour Begins Coalition Talks as Anti-oil Greens Sidelined

Category: Business News

(CNN)Norway’s main opposition Labour Party is beginning coalition talks to form a government Tuesday after the ruling Conservatives lost their command in parliamentary elections and the anti-oil Greens failed to win enough seats to become the potential kingmaker.   Labour is likely to form an alliance with the country’s Center Party and the Socialist Left […]

Source: CNN


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