OSLO: Aker Solutions has signed a contract with Nordic Blue Crude (NBC) for front-end engineering and design (FEED) of a new e-Fuel facility at Herøya in Porsgrunn, Norway. The e-Fuel plant is planned to produce CO2-neutral fuel by using green hydrogen and furnace gas from an existing factory. The FEED work starts immediately and is…
Creditors approve final proposal for Axxis Geo Solutions reconstruction
LYSAKER: Axxis Geo Solutions ASA announced the approval of the final proposal for the company reconstruction pursuant to the court protected reconstruction process. The deadline for creditors to vote on the reconstruction proposal expired 27 April 2021. Out of the 110 creditors voting, 106 creditors voted in favor of the reconstruction proposal. In nominal amounts,…
Danakali raises A$20.3 million to advance Colluli SOP project
SYDNEY: Danakali Limited has completed a bookbuild to domestic and international institutional and sophisticated investors to raise A$20.3 million. The proceeds of the Placement will be applied towards early works at the Company’s Colluli SOP Project, including site road development, geotechnical optimisation, reverse osmosis plant completion and installation, exploration camp relocation and RA International mine…
Tullow Oil plc launches $1.8 billion Senior Secured Notes due 2026
LONDON: Tullow Oil plc has commenced an offering of senior secured notes due 2026 and has received $600 million of commitments in respect of a super senior revolving facilities agreement maturing in December 2024, comprised of (i) a $500 million revolving credit facility and (ii) a $100 million letter of credit facility. The Notes and…
Taylor Maritime Investments announces $250mn initial public offering on London Stock Exchange
LONDON: Taylor Maritime Investments Limited announced its intention to undertake an initial public offering (IPO) on the London Stock Exchange, by way of an initial institutional placing and offer for subscription for a target issue of 250 million new ordinary shares in aggregate at an initial issue price of US$1.00 per Ordinary Share. The Company…
Airtel Africa appoints new MD and Chief Executive Officer
LONDON: Airtel Africa plc, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announced Olusegun “Segun” Ogunsanya, Managing Director and CEO Nigeria is to succeed Raghunath “Raghu” Mandava, as Managing Director and Chief Executive Officer following Raghu Mandava’s informing the Board of his intention to retire. Segun…
The City Pub Group acquires Kensington Park Hotel, increases stake in Mosaic Companies
LONDON: The City Pub Group has acquired a 49% stake in Barts Pub Ltd, owner of the iconic Kensington Park Hotel (KPH) in Ladbroke Grove, for £0.75 million. The Kensington Park Hotel (KPH) is a leasehold pub located 200 metres from Ladbroke Grove tube station. It has large trading areas on the ground and first…
HeiQ Plc acquires Germany based RAS AG for €5.1 million
LONDON: HeiQ Plc has acquired 100% of the share capital and voting rights of RAS AG, Regensburg, Germany. The Acquisition is for a consideration of €5.1 million, with €1.25 million payable in cash and €3.85 million through the issue of 1,701,821 new ordinary shares by HeiQ. It includes an additional earn out consideration dependent on…
SAS appoints Anko Van der Werff as new President and CEO
COPENHAGEN: SAS AB, Scandinavia’s leading airline, announced the appointment of Anko Van der Werff as President and CEO. He will join the company at the latest on July 15, 2021. The Board also appointed Karl Sandlund, Chief Commercial Officer at SAS, as acting President and CEO as of today. Rickard Gustafson will hand over to…
Ooredoo extends exclusivity period with CK Hutchison to combine Indonesian businesses
DOHA, QATAR: Ooredoo Q.P.S.C. has extended the period of exclusivity for the non-legally binding Memorandum of Understanding (MoU) with CK Hutchison Holdings Limited in relation to a possible transaction to combine their respective telecommunications businesses in Indonesia, PT Indosat Tbk and PT Hutchison 3 Indonesia, until 30 June 2021. This extension will provide more time…
NOVATEK sells 10% stake in Arctic Transshipment LLC to Total SE
MOSCOW: PAO NOVATEK signed a Heads of Agreement with TOTAL on the sale of a 10% participation interest in Arctic Transshipment LLC. Arctic Transshipment LLC is NOVATEK’s wholly owned subsidiary that will eventual operate two LNG transshipment complexes currently under construction in the Kamchatka and Murmansk regions. The transshipment complexes are part of NOVATEK’s logistical…
eGate Egypt becomes exclusive distributor of Lleida.net services in Egypt
CAIRO: eGate Egypt has signed an agreement with Lleida.net to distribute all the services catalogue of Lleida.net, a news release said. Through the agreement, eGate Egypt becomes with immediate effect the exclusive distributor of Lleida.net services in Egypt. Lleida.net’s is partnering up with leading technology companies like eGate Egypt to provide its SaaS service line…