PARIS: Total SE (NYSE:TOT) and India’s ArcelorMittal Nippon Steel (AMNS) have signed an agreement for the supply of up to 500,000 tons of liquefied natural gas (LNG) per year until 2026, a news release said. The LNG will be sourced from Total’s global portfolio and offloaded either in Dahej or Hazira LNG Terminal, on the…
Total and Merck & Co sign renewable corporate power purchase agreement
PARIS: Total has signed a 45 MW renewable corporate power purchase agreement with Merck & Co over a period of 10 years. Total and MSD, known as Merck & Co. signed a major renewable corporate power purchase agreement (CPPA) over a period of 10 years, with 90 GWh a year of clean energy produced by…
Noor Al Sulaiti becomes the first female CEO in one of Ooredoo Group
DOHA: Ooredoo announced the appointment of Noor Al Sulaiti as CEO of Ooredoo Oman – the first female CEO in one of Ooredoo Group’s key markets – and Bassam Yousef Al Ibrahim as CEO of Ooredoo Algeria, effective 20 May 2021. Noor Al Sulaiti has been with Ooredoo since 2004, most recently as the CEO…
Kanabo Group signs new EU GMP CBD manufacturing agreement
LONDON: Kanabo Group Plc (LON: KNB) has signed an agreement with Pure Origin Limited and its affiliates to utilise their significant expertise in best practices for EU GMP manufacturing. Good Manufacturing Practices (GMPs) are systems created and authorised by the government to regulate production, verification and validation of drugs, food and/or medical devices, ensuring that…
Brighton Bidco Limited to acquire St. Modwen Properties in a £1.237 billion deal
LONDON, UK: Brighton Bidco Limited and St. Modwen Properties PLC have reached agreement on the terms and conditions of a recommended all cash offer by Bidco for the acquisition of entire issued, and to be issued, ordinary share capital of St. Modwen. Under the terms of the acquisition, each St. Modwen shareholder will be entitled…
Alien Metals increases shareholding in Hamersley Iron Ore to over 90%
LONDON: Alien Metals Ltd has executed a conditional Share Sale Agreement (SSA) to increase its effective interest in the Hamersley Iron Ore Direct Shipping Ore (DSO) Project, situated in the world-class Pilbara region of Western Australia from 51% to over 90%. Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “The excellent initial…
Altus Strategies granted new copper, tin and zinc projects in Morocco
LONDON: Altus Strategies Plc announced the granting of three new distinct exploration projects as well as exploration licences adjacent to existing projects totalling 221 km2 in the Kingdom of Morocco. The Projects were awarded to the Company’s 100% owned subsidiary, Aterian Resources Limited, as part of a competitive tender process. Highlights: · New projects granted…
ADM Energy sells its shares in Superdielectrics Ltd
LONDON: ADM Energy PLC (LON: ADME) has completed the sale of 188,778 shares in Superdielectrics Ltd for a total consideration of £849,501, a profit of £656,003.55 on ADM’s original investment. In 2017 and 2018, ADM invested a total of £199,875 to acquire 195,000 shares in Superdielectrics at an average cost per share of £1.025. Superdielectrics’…
Braemar Shipping sells its stake in AqualisBraemar LOC for £7.3 million
LONDON: Braemar Shipping Services plc (LON: BMS) has sold its remaining AqualisBraemar LOC ASA (AQB) shares, reducing net debt by £7.3 million and realising a profit on sale of £3.9 million. Braemar received its investment in AQB as a result of the Braemar board’s decision to exit technical services and dispose of its Technical Services…
Everfuel and Hydro sign cooperation on industrial scale hydrogen supply
HERNING: Everfuel A/S and Hydro’s renewable hydrogen company have signed a Memorandum of Understanding (MoU) to establish a framework for coordinated development, operation, and optimization of hydrogen electrolysers based on renewable energy in Europe. The two companies intend to develop projects adjacent to Hydro-owned aluminum plants with dedicated special purpose companies (SPV) facilitating the construction…
LondonMetric Property buys logistics warehouse in Waltham Cross for £43.8 million
LONDON: LondonMetric Property Plc has bought a well located urban logistics warehouse in Waltham Cross for £43.8 million through a sale and lease back transaction, a news release said. The 115,000 sq ft warehouse is let to Reynolds, a national foodservice business, on a new 23 year lease with the benefit of CPI+1 linked rent…
Hutchison Ports launches shipping to South East Asia, China and Korea
KARACHI: Hutchison Ports Pakistan, the country’s state-of-the-art deep-water port launched a new regular shipping service brought by the consortium comprising of Global Feeders, Sinokor, Heung A, and Sea Lead. It strengthens trade links through providing ease of access to the booming markets of South-East Asia, China, and Korea. The service will provide much-needed extra capacity…