Latest GE Power layoffs to impact 12,000 employees

(adsbygoogle = window.adsbygoogle || []).push({}); GE Power layoffs : In a massive lay off program, General Electric (GE) will make 12,000 employees redundant at its GE Power unit with an aim to reduce the overall structural costs of the latter by $3.5 billion by 2018 end. The reduction in its global workforce of over 55,000 employees has More...

by businessnewstoday | Published 16 hours ago
By businessnewstoday On Saturday, December 2nd, 2017
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Reliance Power secures deal for first phase of Bangladesh power project

India Bangladesh power project : Anil Ambani’s Reliance Power has wrapped up agreements related to the first phase of its  3GW LNG-fired power project in Bangladesh, which would cost around Rs 6,500 crore ($1 More...

By businessnewstoday On Saturday, December 2nd, 2017
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Maersk Oil, partners to move ahead with $3.4bn Tyra redevelopment project

Oil and gas industry news : Maersk Oil and its partners as part of the Danish Underground Consortium (DUC) are all set to invest around DKK 21 billion ($3.4 billion) for the Tyra redevelopment project in the Danish More...

By businessnewstoday On Friday, December 1st, 2017
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Acciona Energia breaks ground on 183MW San Gabriel wind farm in Chile

Wind industry news : Spanish wind energy company Acciona Energia has commenced construction on its 183MW San Gabriel wind farm in Chile with an aim to begin its commercial operations in September 2019. The San Gabriel More...

By businessnewstoday On Sunday, November 26th, 2017
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Italian energy company Enel to develop 593MW wind power projects in Mexico

Wind industry news : Italian energy company Enel will develop four wind power projects in Mexico that will have a combined power generation capacity of 593MW. The Mexican wind farms were awarded by National Center More...

By businessnewstoday On Saturday, November 25th, 2017
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Engie to develop 688MW renewable energy projects in Mexico

Energy industry news : French energy giant Engie will develop four renewable energy projects in Mexico that will have a combined power generation capacity of about 688MW with an investment of $580 million. Engie More...

By businessnewstoday On Wednesday, November 22nd, 2017
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US oil companies Talos Energy, Stone Energy sign $2.5bn merger deal

Energy acquisition news : US oil companies Talos Energy and Stone Energy have reached a deal to combine into an offshore-focused exploration and production company with an enterprise value of $2.5 billion. Texas-based More...

By businessnewstoday On Saturday, November 18th, 2017
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Siemens job cuts 2017 : About 7,000 jobs to go as gas turbine demand falls

Energy industry news : In the latest news about Siemens job cuts 2017, the industrial manufacturing company has announced its decision to slash close to 7,000 jobs in its global energy operations. The decision it More...

By businessnewstoday On Tuesday, November 14th, 2017
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Shell to exit from Woodside Petroleum in $2.7bn deal

Energy industry news : Oil and gas giant Royal Dutch Shell has entered into an agreement to divest its stake of 13.28% in Woodside Petroleum, an Australian petroleum exploration and production company for $2.7 billion. Shell More...

By businessnewstoday On Monday, November 13th, 2017
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Nexif Energy all set to build 212MW Lincoln Gap Wind Farm in Australia

Wind Industry News : Nexif Energy is all set to go ahead with the 212MW Lincoln Gap Wind Farm in Australia having reached financial close on first stage of the onshore wind project. Nexif Energy is a joint venture More...