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OVL plans to invest $1 billion in Petrobras offshore block in Brazil

ONGC Videsh Limited OVL is considering a $1 billion investment in a Brazilian offshore hydrocarbon block. The announcement comes at a time when India

ONGC Videsh Limited OVL is considering a $1 billion investment in a Brazilian offshore hydrocarbon block. The announcement comes at a time when India is attempting to secure global LNG supplies after Gazproms previous affiliate breached a deal with GAIL. This investment follows the commerciality declaration for the BM Seal4 block, with the final investment decision FID expected soon. Read More..

B2B Tech News | 3 years ago        

How high global natural gas prices affect India?

In 2021, Russia was the top natural gas exporter. However, its invasion of Ukraine altered the calculations, plunging Europe into an energy catastroph

In 2021, Russia was the top natural gas exporter. However, its invasion of Ukraine altered the calculations, plunging Europe into an energy catastrophe. Europe currently expects to buy 90% more LNG on the spot market than they did under longterm contracts. Spot LNG prices have skyrocketed, wreaking havoc on pricesensitive emerging countries. Because Europe is sourcing most supplies ahead of the winter, high gas prices have reduced Indias imports. Read More..

B2B Tech News | 3 years ago        

Travelogix announced its integration with Tres Technologies

Travelogix, a UKbased data and analytics firm, has announced an integration with travel management company backoffice solution CentralCommand as part

Travelogix, a UKbased data and analytics firm, has announced an integration with travel management company backoffice solution CentralCommand as part of its continuous push for worldwide development, notably into North America. Read More..

B2B Tech News | 3 years ago        

Logistics startup Sendy hit by drought funding, sets fire to 20 percent of employees

Sendy, a Kenyan logistics startup, has shut down its retail and supplier trade platform, Sendy Supply, and laid off 20% of its workers. To capitalise

Sendy, a Kenyan logistics startup, has shut down its retail and supplier trade platform, Sendy Supply, and laid off 20% of its workers. To capitalise on the rise of digital commerce, the company intends to focus on fulfilment centres and transportation. Covid19, a Nairobibased private equity fund, is looking to raise $100 million Sh12 billion for African development. As capital dries up and dollar loan payback expenses rise, the firm confronts comparable challenges to those that have afflicted the startup sector. Read More..

B2B Tech News | 3 years ago        

Antarctic volcanos heatloving bacteria may help fight oil pollution

KAUST researchers study extremophiles, bacteria that grow in the worlds most extreme environments, including those that love heat thermophiles. Extrem

KAUST researchers study extremophiles, bacteria that grow in the worlds most extreme environments, including those that love heat thermophiles. Extremophiles could hold immense potential for a myriad of biotechnology applications. They could also provide a safe and efficient method of cleaning up oil contamination. An analysis of bacterial communities from Deception Island, an active volcano in Antarctica, highlights the potential for using heatloving bacteria to clean up pollution. The team identified genes related to genome stabilization under temperature fluctuations, heat and coldshock proteins, DNA repair against UV radiation and resistance to alkaline conditions.Of 126 strains of bacteria, 76 strains grew well in cultures with crude oil as the only carbon source. Read More..

B2B Tech News | 3 years ago        

Strong growth in SA increases initial funding for Talk360 to $7 million

Talk360 was founded in 2016 by Dutch entrepreneurs Hans Osnabrugge and Jorne Schamp and South African Dean Hiine. In the past year, Talk360 has seen 1

Talk360 was founded in 2016 by Dutch entrepreneurs Hans Osnabrugge and Jorne Schamp and South African Dean Hiine. In the past year, Talk360 has seen 167% growth in customers and 130% revenue growth. The company has nearly doubled the number of calling minutes to and from South Africa. It connected 2.3 million people worldwide so far this year. Talk360 enables millions of people in remote areas to make and receive calls more affordably.Hiine expects Talk360s growth to be further boosted when it launches its panAfrican payment platform in 2023. This year alone, Talk360 has added six new currencies, added Africanspecific payment methods such as OTT vouchers, and grown. Read More..

B2B Tech News | 3 years ago        

Botany sets a new box office record in Australia

The CMA CGM Estelle is almost 300 metres long, weighing 95,256 tonnes and has 10,662 containers on board. It is the ship carrying the greatest number

The CMA CGM Estelle is almost 300 metres long, weighing 95,256 tonnes and has 10,662 containers on board. It is the ship carrying the greatest number of containers to ever visit Australia – with the equivalent of almost 11,000 TEU. The vessel is berthed at Patrick Terminals which has the largest shiptoshore cranes in Australia. NSW Ports CEO Marika Calfas said it demonstrated the infrastructure capabilities of Port Botany.Patrick Terminals has announced it will continue to service the MSC Asya, the worlds deepest and heaviest container ship to ever dock at Port Botany. Calfas noted that for those who live in Sydney, around 42 per cent of all goods in their homes come into the port via container. Read More..

B2B Tech News | 3 years ago        

HSBC arm leads $4 million seed round for Singaporean financial intelligence company.

Singaporebased Bizbaz raises $ 4 million in a seed financing round. The startup uses machine learning to assess and evaluate peoples lifestyles, and s

Singaporebased Bizbaz raises $ 4 million in a seed financing round. The startup uses machine learning to assess and evaluate peoples lifestyles, and social and financial data. Use machine learning to analyze and evaluate a persons lifestyle, and social and financial data. Hakobyan founded the company in 2019 together with Vincent Choy and Gilad Soffer. The startup operates in a market where most financial institutions and fintech companies still use outdated credit risk systems based on financial history, said Hayk Hakobyan, CEO and cofounder of Bizbaz. Read More..

B2B Tech News | 3 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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