DUBAI: Orascom Construction PLC announces that it has added USD 650 million of new awards to its backlog in Q1 2021. These new awards mark an increase of 8% y-o-y over the level in Q1 2020. Projects in Egypt comprised 85% of new awards during Q1 2021 as the Group added contracts across the healthcare,…
Archer Limited signs offer letter to acquire DeepWell AS
HAMILTON: Archer Limited has signed an offer letter with Moreld laying out principle terms to purchase 100% of the shares in Deepwell AS. The contemplated transaction is subject to due diligence, negotiation of the transaction documentation, closing conditions and regulatory approvals. DeepWell is a leading Norwegian well intervention company focused on mechanical wireline and cased…
Total declares force majeure on Mozambique LNG Project
PARIS: Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, Total confirms the withdrawal of all Mozambique LNG project personnel from the Afungi site. This situation leads Total, as operator of Mozambique LNG project, to declare force majeure. Total expresses its solidarity with the government and people…
Goldplat plc completes sale of Kilimapesa to Mayflower Gold Investments
LONDON: Goldplat plc announced that all conditions precedent in respect of the sale of Kilimapesa to Mayflower Gold Investments Limited have been either met or waived and that the sale of Kilimapesa is now complete. The completion of the Transaction will enable Goldplat to focus on its recovery operations and Mayflower Gold’s parent company Mayflower…
Arena Events acquires 50% stake in Aztec Shaffer
LONDON: Arena Events Group and the co-bidders have completed the acquisition of Aztec Shaffer. Arena now holds a 50% equity stake in Aztec Shaffer and now has management control of the business. Aztec Shaffer comprises two businesses, Aztec Events & Tents and Shaffer Sports & Events. Aztec is a very similar business to Arena Stuart,…
Blackbird wins 18 more US TV Stations with TownNews
LONDON: Blackbird plc, the developer and seller of the market-leading cloud native video editing platform, announced today that Blackbird is being used by 18 more US TV Stations for digital news production following TownNews’ latest deployment. 69 US TV stations now use Blackbird remotely and safely to rapidly access, edit and publish news content fast…
Superdry Plc appoints Peter Sjölander as Chairman
LONDON: Superdry Plc announced the appointment of Peter Sjölander as Chairman, effective 29th April 2021. Peter has had a hugely successful executive career across public company, private equity and founder-led environments. From 2007 to 2015 Peter was CEO of Helly Hansen where he delivered a step change in the performance of the brand, driving its…
Eesti Energia and Ørsted to develop large-scale offshore wind in the Baltics
LONDON: On 22 April 2021, Eesti Energia, a leading utility and the largest wind energy company in the Baltics, signed a memorandum of understanding (MoU) with Ørsted, the global leader in offshore wind. The MoU outlines a vision for developing large-scale offshore wind in the Baltic countries, and to jointly move towards delivering the first…
Nel ASA to develop and deliver complex renewable hydrogen projects with Aibel
OSLO: Nel ASA has entered into a framework agreement with the major energy service company Aibel to develop and deliver large scale, complex renewable hydrogen projects. “We are very excited to be announcing this collaboration with Aibel, a company with vast experience in delivering large scale, complex projects across industries. Their in-house construction expertise and…
Ergomed expands operations in Japan
GUILDFORD: Ergomed plc announced that its PrimeVigilance business, a global leader in the provision of pharmacovigilance and medical information services, has established its new legal entity and regional office in Japan and is fully operational from 26 April 2021. The new subsidiary company, trading as PrimeVigilance Japan KK, is based in Tokyo and offers a…
Greencare Capital plc makes investment in Voyager Life Limited
LONDON: Greencare Capital, the investment company focused on investing in medicinal cannabis and related areas, has agreed to make an equity investment of £100,000 in Voyager Life Limited, as part of a £741,000 fund raising by Voyager. This is the second new investment by Greencare in the past month. Voyager, a health and wellness business…
EnQuest to acquire Whalsay Energy’s 100% interest in Bentley heavy-oil discovery
STOCKHOLM, SWEDEN: EnQuest PLC, an independent oil and gas production and development company, has signed a Share Purchase agreement (SPA) with Whalsay Energy Holdings Limited to purchase their 100% equity interest in the P1078 licence containing the proven Bentley heavy-oil discovery. This discovery is within c.15 kilometres of the Group’s existing Kraken and Bressay operated…