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Siemens AG (SIEGn.DE)

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Latest Key Developments (Source: Significant Developments)

Mentor Graphics, Siemens Industry receive merger control clearance in China
8:25am EDT 

Mentor Graphics Corp : Mentor Graphics - On March 28, co and Siemens industry received merger control clearance from ministry of commerce of People's Republic of China . Mentor Graphics Corp - company expects merger to close on March 30, 2017 - SEC filing . Mentor Graphics - Merger control clearance to complete pending acquisition of co by Siemens pursuant to agreement, plan of merger dated Nov 12, 2016 Source: (http://bit.ly/2nuXzHf) Further company coverage: [MENT.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Beijing Global Safety Technology unit to cooperate with Siemens Ltd. China
2:40am EDT 

Beijing Global Safety Technology <300523.SZ> :Says its Hefei-based technology unit signed agreement with Siemens Ltd. China, regarding cooperation on intelligent water field.  Full Article

BRIEF-Statoil's phase 2 of Sverdrup oilfield to cost up to NOK 55 bln
Tuesday, 21 Mar 2017 03:15am EDT 

Statoil Asa : Proceeding with phase 2 of the johan sverdrup development . Johan sverdrup partnership has now decided to proceed with (dg2) phase 2 of johan sverdrup development, awarding feed contracts to aker solutions, kværner and siemens . Phase 2 is scheduled to come on stream in 2022. . Capital expenditures for phase 2 are now estimated at between NOK 40 billion-NOK 55 billion (nok billion nominal, fixed currency and excluding ior) ($4.73 billion-$6.51 billion) halving estimate since pdo was submitted for phase 1 of johan sverdrup . Break-Even price for full-field development is now less than usd 25 per barrel and with an ambition of a world class recovery rate of 70 pct . Johan sverdrup suppliers have demonstrated a willingness and capabilities to develop good solutions in a partnership with us . Will now proceed with maturing phase 2 for investment decision and submission of plan for development and operation (pdo) in second half of 2018 . The partnership has also decided on the development concept for Johan Sverdrup. Phase 1 of the development establishes a field centre consisting of four platforms on the field . Phase 2 builds on this infrastructure, adding another processing platform to field centre. Overall this will result in a processing capacity of 660 000 barrels of oil per day.  Full Article

Statoil's phase 2 of Sverdrup oilfield to cost up to NOK 55 bln
Tuesday, 21 Mar 2017 03:13am EDT 

Statoil Asa : Proceeding with phase 2 of the johan sverdrup development . Johan sverdrup partnership has now decided to proceed with (dg2) phase 2 of johan sverdrup development, awarding feed contracts to aker solutions, kværner and siemens . Phase 2 is scheduled to come on stream in 2022. . Capital expenditures for phase 2 are now estimated at between NOK 40 billion-NOK 55 billion (nok billion nominal, fixed currency and excluding ior) ($4.73 billion-$6.51 billion) halving estimate since pdo was submitted for phase 1 of johan sverdrup . Break-Even price for full-field development is now less than usd 25 per barrel and with an ambition of a world class recovery rate of 70 pct . Johan sverdrup suppliers have demonstrated a willingness and capabilities to develop good solutions in a partnership with us . Will now proceed with maturing phase 2 for investment decision and submission of plan for development and operation (pdo) in second half of 2018 . The partnership has also decided on the development concept for Johan Sverdrup. Phase 1 of the development establishes a field centre consisting of four platforms on the field . Phase 2 builds on this infrastructure, adding another processing platform to field centre. Overall this will result in a processing capacity of 660 000 barrels of oil per day . FEED contract awards: Processing platform: aker solutions, jacket: kvaerner, power supply from shore: siemens.  Full Article

Atos and Siemens expand partnership to provide cybersecurity solutions for US utilities, oil and gas industries
Monday, 20 Mar 2017 05:00am EDT 

Atos SE :Co and Siemens expand their strategic relationship to provide cybersecurity solutions for the utilities, oil and gas industries in the US.  Full Article

Siemens wins order for turbine overhauling in India
Friday, 3 Mar 2017 04:14am EST 

Siemens AG :Says wins major order for turbine overhauling in India.  Full Article

Mentor Graphics says Siemens received clearance under EU merger regulation
Wednesday, 1 Mar 2017 04:32pm EST 

Mentor Graphics Corp :Mentor Graphics-on Feb 27 co, Siemens received clearance under EU merger regulation from European Commission to complete pending acquisition by Siemens.  Full Article

Siemens CEO guides against further large digital buys
Wednesday, 1 Feb 2017 08:32am EST 

Siemens AG : CEO says shouldn't expect further huge acquisitions in digitisation . CEO says making good progress regarding synergies at Dresser-Rand and Rolls-Royce unit . CEO says sees 10 billion eur in revenue from digital business by 2020 . CFO says Osram stake is not strategic, all options are open Further company coverage: [SIEGn.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

Mersen wins 7 million euro order from Siemens
Tuesday, 31 Jan 2017 11:52am EST 

Mersen Sa : Mersen wins about 7 million euro ($7.55 million) order from Siemens .Deliveries will take place in 2017 and 2018.  Full Article

Southern Company unit announces strategic wind development agreement
Friday, 30 Dec 2016 10:00am EST 

Southern Co : Southern Company subsidiary announces strategic wind development agreement . Southern Co - Southern Power announced joint development agreement with Renewable Energy Systems Americas Inc to develop about 3,000 mw across 10 projects . Southern Co - Additionally, Co has signed agreements to purchase wind turbine equipment from both Siemens and Vestas for use at facilities .Says wind turbine equipment purchased from both Siemens and Vestas will be used to secure current tax benefits for identified projects.  Full Article

More From Around the Web

BRIEF-Mentor Graphics, Siemens Industry receive merger control clearance in China

* Mentor Graphics - On March 28, co and Siemens industry received merger control clearance from ministry of commerce of People's Republic of China