Verizon Communications (NYSE:VZ) and Vodafone Group (NASDAQ:VOD), co-owners of Verizon Wireless, should receive by the end of this year an $8.5 billion dividend from the venture which will mark the second consecutive year in which the windfall will be paid. Verizon Wireless reported that this payment will be made in one or more tranches, divided in proportion to the owners’ interest in the firm. More specifically, the former owns 55 percent of the company and Vodafone 45 percent.
Exxon Mobil Corporation (NYSE:XOM) Ukraine reaches a production sharing arrangement with Exxon Mobil Corporation, Chevron Corporation (NYSE:CVX), and Royal Dutch Shell (NYSE:RDSA) through which to develop shale gas and offshore fields in the first half of December, according to the Environment and Natural Resources Minister Eduard Stavitsky to Interfax. At a Tuesday press conference, Stavitsky commented that, “I expect that we will be ready to sign PSA agreements on all three contracts in the first 10 days of December.” Ukraine relies primarily upon Russia for more than 60 percent of its gas deliveries, but wishes to develop its own reserves and to that end is trying to bring in funds and technologies from abroad.
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General Electric Company (NYSE:GE) and Clean Energy Fuels (NASDAQ:CLNE) have made a partnership agreement so as to broaden the infrastructure for natural gas transportation in the United States. The arrangement supports the latter’s efforts in the development of “America’s Natural Gas Highway,” which is a fueling network permitting trucks to operate on liquefied natural gas nationwide. Fuel expenses may often be decreased in excess of 25 percent through the use of truck fleets, along with lower emissions with lower emissions by using LNG. Further, GE’s MicroLNG facility has the capacity to liquefy natural gas at any point on a gas distribution network, thus rendering it optimal for supporting the fueling of vehicles in remote locales by shrinking the impact of long distance fuel transport. Through the terms of the deal, Clean Energy Fuels will initially acquire two ecomagination-qualified MicroLNG facilities from GE Oil & Gas and then the ‘plug-and-play’ modular units, which have been designed to quickly liquefy natural gas while minimizing a site’s physical presence, will support fueling stations along critical transportation corridors that run throughout the United States. GE Energy Financial Services will supply as much as $200 million in financing for the two GE MicroLNG plants, as well.
Hewlett-Packard Company’s (NYSE:HPQ) HP Enterprise Services says that it has won a five-year contract worth $36 million from the United States Department of Veterans Affairs to supply a department-wide email and calendaring infrastructure to the VA’s 600,000 users using Microsoft Office 365 for Government. This agreement was granted under the Veterans Administration Transformation Twenty-One Total Technology program which represents the department’s information tech modernization contract. This update will start with 15,000 persons and then broaden agency-wide to 600,000 when all contract options are in play. Through the terms, H-P will conduct and manage the implementation of Office 365 for the Department to improve security, reliability, privacy, along with compliance and also to create geographically diverse disaster recovery. The VA’s decision to move to the cloud permits it to fulfill the Cloud-First federal mandate with the added expectation of improved employee productivity and collaboration with decreased costs.
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