HOUSTON: Kosmos Energy (NYSE/LSE: KOS) acknowledged the announcement Thursday from bp plc that the first cargo of liquefied natural gas (LNG) has been successfully loaded from the Greater Tortue Ahmeyim (GTA) LNG project, located offshore Mauritania and Senegal. The shipment was transferred to the LNG carrier “British Sponsor” from Golar LNG’s floating liquefied natural gas (FLNG) vessel,…
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Science in Sport Plc confirms possible acquisition offer from bd-capital
LONDON: The board of directors of Science in Sport Plc confirmed that the company has received an approach from bd-capital at a price of 34 pence per share, which may or may not lead to an offer for the entire issued and to-be-issued share capital of the company. An independent committee of the board evaluated the indicative…
AI startup Inephany secures $2.2 million pre-seed funding
LONDON: AI optimization startup Inephany Ltd has raised $2.2 million in a pre-seed funding round, aiming to transform how neural networks—including Large Language Models (LLMs)—are trained and fine-tuned. The round was led by Amadeus Capital Partners, with participation from Sure Valley Ventures (SVV) and AI pioneer Professor Steve Young, who joins Inephany as an angel…
M.P. Evans to acquire two Indonesian palm oil plantations for $34.2 million
JAKARTA: M.P. Evans Group, a producer of sustainable Indonesian palm oil, announced Wednesday that its subsidiary, PT Evans Indonesia, has agreed to acquire two Indonesian plantation companies in a $34.2 million deal. The company signed a conditional share purchase agreement to acquire the entire issued share capital of PT Setara Kilau Mas Adicita (SKMA) and…
Barratt Redrow reports strong Q1 performance amid integration progress
LONDON: Barratt Redrow plc reported solid trading results for its first quarter, driven by consistent homebuyer demand and the ongoing integration of Barratt and Redrow. The homebuilder posted a net private reservation rate of 0.621 for the 13 weeks ending March 30, a 1.6% increase from the previous year’s combined performance. Including multi-unit sales, the…
Oracle Energy Extends Agreement with China Electric Power for Green Hydrogen Project
LONDON: Oracle Power PLC (AIM: ORCP), through its joint venture Oracle Energy Limited, announced an extension of its strategic agreement with China Electric Power and Technology Co., Ltd. (CET) to further advance the development of the Green Hydrogen Project in Thatta, Sindh Province. The Memorandum of Understanding (MoU), initially signed on March 7, 2023, was…
Playtech appoints John Gleasure as Chairman elect
LONDON: Playtech PLC (LSE: PTEC), the global leader in gambling technology, has announced the appointment of John Gleasure as an independent Non-executive Director and Chairman Elect. Gleasure is set to succeed Brian Mattingley as Non-executive Chairman following Playtech’s Annual General Meeting (AGM) in May 2025. Mattingley, who will step down from the Board at that…
Ajax to acquire Argentina’s Eureka Project
LONDON: Ajax Resources, a U.K.-listed special purpose acquisition company focused on natural resources (LSE: AJAX), has reached an agreement to acquire Puna Metals S.A., the company that holds the mining rights to the Eureka Project in Argentina, the company confirmed Wednesday. The acquisition, valued at $170,000 in cash, allows Ajax to take control of the…
Tullow Oil to sell Kenyan assets to Gulf Energy for $120 million
LONDON: Tullow Oil plc announced Monday that its subsidiary, Tullow Overseas Holdings BV, has agreed to sell its Kenyan operations to Gulf Energy Ltd. for a minimum of $120 million. The deal includes an initial $40 million payment upon completion, followed by two additional $40 million payments tied to project milestones. Tullow will also receive potential royalty…
Haleon to fully acquire Chinese Tianjin TSKF Pharmaceutical for £0.2 billion
LONDON: Haleon plc has entered into an agreement to acquire the remaining 12% equity interest in its Chinese over-the-counter (OTC) joint venture, Tianjin TSKF Pharmaceutical Co., Ltd., from partner Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited, the company announced Tuesday. The acquisition, valued at approximately 1.623 billion renminbi (£0.2 billion), follows Haleon’s purchase of a…
Ofgem fast-tracks clean power plugging into Britain’s electricity grid
LONDON:L Ofgem has approved historic reforms to fast-track clean power plugging into Britain’s electricity grid – with the new system launched by the end of May. The new connections regime abolishes the broken ‘first-come, first-served’ system. This meant unviable, stalled or speculative ‘zombie’ projects blocked hundreds of wind, solar and energy storage developments from connecting, with…
Drax Group to acquire HEIT in £199.9 million deal
LONDON: The boards of HEIT and Drax Bidco announced Tuesday they have agreed to terms for a recommended cash acquisition in which Drax Bidco, a wholly owned subsidiary of Drax Group PLC, will acquire all issued shares of HEIT. The deal, valued at approximately £199.9 million ($253 million), will be executed through a court-sanctioned scheme…