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Energy industry products and services provider Halliburton and leading supplier of oilfield services, products, technology and systems Baker Hughes have announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction at an equity value of $34.6 billion and enterprise value of $38.0 billion.
Posted on : Tuesday , 18th November 2014
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Knowing where you are going is the first step to getting there' - Ken Blanchard
Posted on : Monday , 17th November 2014
The government has signed a contract with Toyota Tsusho, a Japanese company to carry out a feasibility study that will see the crude oil pipeline construction start
Posted on : Monday , 17th November 2014
A Kenyan-made vehicle that is designated as Africa’s cheapest car has hit the showrooms, bringing to reality the dream of an entrepreneur who designed it four years ago.
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Posted on : Saturday , 15th November 2014
Matchedje Motor, a sole national automotive company that on Thursday last week launched campaign to sell its first 100 all-terrain vehicles priced at US$19,600, is planning a second-phase expansion of its vehicle manufacturing factory to produce 100,000 vehicles annually.
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Posted on : Saturday , 15th November 2014
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Nigeria is no longer the preferred destination for oil exploration in Africa, the Managing Director\Chief Executive, Total Upstream Company in Nigeria, Elisabeth Proust, has said.
Posted on : Friday , 14th November 2014
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Posted on : Friday , 14th November 2014
There is a potential merger in the works that if goes forward, would be the most significant combination in the history of oil services and drilling. Two of the oilfield service industry’s firms, Halliburton and Baker Hughes, are in preliminary talks on a potential merger. A Baker Hughes statement said the discussions “may or may not lead to any transaction.” The Wall Street Journal cited people close to the deal as saying that the talks are moving quickly.
Posted on : Friday , 14th November 2014
Engen has invested over $4 million during the past two years to bolster its retail network in Zimbabwe and build on its strong presence in the commercial, industrial and mining sectors in the country. The company more than doubled its retail network from 20 operating sites to the current 55 over the past two years.
Posted on : Friday , 14th November 2014
In the follow up of the recent launch of mobile health platforms in Nigeria healthcare. Airtel Nigeria is forming an alliance with an Indian outfit: Apollo Hospitals to enhance health care in Nigeria via telemedicine service. The telemedicine service will be available for Nigerians and Airtel’s Premier customers. It aims to reduce travels to India fo.... Read more » Posted on : Friday , 14th November 2014
Tanzania and China have signed five deals worth US$1.7bn to contribute towards the development of Tanzania, stated president Jakaya Kikwete
Posted on : Friday , 14th November 2014
Bua Group International is planning to invest in a new cement plant that will be expected to have 3Mt/yr of production capacity. The new cement plant will be constructed in the Okpella, Edo State and is expected to be ready for commissioning in February 2015. After commissioning, the new cement plant will increase production of Bua Group International to 5.3Mt/yr.
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Posted on : Friday , 14th November 2014
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